Golden State Mining Ltd (GSM) — Working Capital to Net Assets Ratio
Golden State Mining Ltd (GSM) has a Working Capital to Net Assets ratio of 99.5% as of June 2026. Working capital of AU$995.69K (current assets of AU$1.12 Million minus current liabilities of AU$119.72K) is measured against net assets of AU$1.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Golden State Mining Ltd (GSM) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Golden State Mining Ltd Working Capital to Net Assets (2018–2026)
This chart shows how Golden State Mining Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2018 to 2026. As of June 2026, the ratio stands at 99.5%, reflecting working capital of AU$995.69K against net assets of AU$1.00 Million AUD. For the complete balance sheet picture, see GSM asset base.
Annual Working Capital to Net Assets for Golden State Mining Ltd (2018–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Golden State Mining Ltd from 2018 to 2026, covering 9 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Golden State Mining Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 99.5% | AU$995.69K | AU$1.00 Million | AU$1.12 Million | AU$119.72K | ▼ -10.5 pp |
| 2025 | 110.0% | AU$342.15K | AU$311.06K | AU$723.47K | AU$381.32K | ▲ +11.1 pp |
| 2024 | 98.9% | AU$1.49 Million | AU$1.51 Million | AU$1.92 Million | AU$428.36K | ▲ +3.8 pp |
| 2023 | 95.1% | AU$1.58 Million | AU$1.66 Million | AU$2.12 Million | AU$545.66K | ▼ -2.2 pp |
| 2022 | 97.3% | AU$3.44 Million | AU$3.54 Million | AU$3.85 Million | AU$408.19K | ▼ -5.2 pp |
| 2021 | 102.5% | AU$4.11 Million | AU$4.01 Million | AU$4.42 Million | AU$303.77K | ▼ -0.2 pp |
| 2020 | 102.7% | AU$2.17 Million | AU$2.11 Million | AU$2.47 Million | AU$298.32K | ▲ +2.4 pp |
| 2019 | 100.3% | AU$2.39 Million | AU$2.39 Million | AU$2.70 Million | AU$300.83K | ▲ +16.7 pp |
| 2018 | 83.6% | AU$167.77K | AU$200.73K | AU$284.87K | AU$117.10K | — |