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 110.0% as of June 2025. Working capital of AU$342.15K (current assets of AU$723.47K minus current liabilities of AU$381.32K) is measured against net assets of AU$311.06K. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Golden State Mining Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Golden State Mining Ltd Working Capital to Net Assets (2018–2025)
This chart shows how Golden State Mining Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of June 2025, the ratio stands at 110.0%, reflecting working capital of AU$342.15K against net assets of AU$311.06K AUD. See Golden State Mining Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Golden State Mining Ltd (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Golden State Mining Ltd from 2018 to 2025, covering 8 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. For live market cap and the full company profile, see Golden State Mining Ltd (GSM) market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |