Midas Minerals Ltd (MM1) — Working Capital to Net Assets Ratio
Midas Minerals Ltd (MM1) has a Working Capital to Net Assets ratio of 43.1% as of June 2025. Working capital of AU$3.81 Million (current assets of AU$4.09 Million minus current liabilities of AU$287.49K) is measured against net assets of AU$8.84 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MM1 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Midas Minerals Ltd Working Capital to Net Assets (2018–2024)
This chart shows how Midas Minerals Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of June 2025, the ratio stands at 43.1%, reflecting working capital of AU$3.81 Million against net assets of AU$8.84 Million AUD. For the complete balance sheet picture, see total assets of Midas Minerals Ltd.
Annual Working Capital to Net Assets for Midas Minerals Ltd (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Midas Minerals Ltd from 2018 to 2024, covering 7 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 MM1 financial 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) |
|---|---|---|---|---|---|---|
| 2024 | 18.8% | AU$980.09K | AU$5.20 Million | AU$1.21 Million | AU$225.74K | ▲ +1.1 pp |
| 2023 | 17.8% | AU$1.09 Million | AU$6.12 Million | AU$1.35 Million | AU$261.23K | ▼ -13.7 pp |
| 2022 | 31.5% | AU$2.31 Million | AU$7.34 Million | AU$2.63 Million | AU$320.57K | ▼ -44.1 pp |
| 2021 | 75.6% | AU$6.09 Million | AU$8.05 Million | AU$6.25 Million | AU$165.36K | ▼ -20.6 pp |
| 2020 | 96.1% | AU$8.34 Million | AU$8.67 Million | AU$8.35 Million | AU$15.16K | ▲ +77.6 pp |
| 2019 | 18.5% | AU$406.06K | AU$2.19 Million | AU$479.36K | AU$73.30K | ▼ -0.3 pp |
| 2018 | 18.9% | AU$643.62K | AU$3.41 Million | AU$761.59K | AU$117.97K | — |