Qmines Ltd (QML) — Working Capital to Net Assets Ratio
Qmines Ltd (QML) has a Working Capital to Net Assets ratio of 10.9% as of December 2025. Working capital of AU$3.64 Million (current assets of AU$6.30 Million minus current liabilities of AU$2.66 Million) is measured against net assets of AU$33.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Qmines Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Qmines Ltd Working Capital to Net Assets (2018–2025)
This chart shows how Qmines Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 10.9%, reflecting working capital of AU$3.64 Million against net assets of AU$33.29 Million AUD. See QML cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Qmines Ltd (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Qmines Ltd from 2018 to 2025, covering 6 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 Qmines Ltd (QML) total market value.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 5.4% | AU$1.37 Million | AU$25.30 Million | AU$3.87 Million | AU$2.50 Million | ▲ +19.9 pp |
| 2024 | -14.5% | AU$-2.62 Million | AU$18.08 Million | AU$785.60K | AU$3.41 Million | ▼ -29.2 pp |
| 2023 | 14.7% | AU$2.34 Million | AU$15.94 Million | AU$2.79 Million | AU$455.11K | ▲ +8.3 pp |
| 2022 | 6.4% | AU$795.01K | AU$12.40 Million | AU$1.18 Million | AU$386.80K | ▼ -57.4 pp |
| 2021 | 63.8% | AU$8.96 Million | AU$14.04 Million | AU$9.30 Million | AU$336.67K | ▼ -21.0 pp |
| 2018 | 84.8% | AU$56.00K | AU$66.00K | AU$69.00K | AU$13.00K | — |