Theta Gold Mines Ltd (TGM) — Working Capital to Net Assets Ratio
Theta Gold Mines Ltd (TGM) has a Working Capital to Net Assets ratio of -43.9% as of December 2025. Working capital of AU$-8.56 Million (current assets of AU$13.40 Million minus current liabilities of AU$21.95 Million) is measured against net assets of AU$19.50 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Theta Gold Mines Ltd (TGM) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Theta Gold Mines Ltd Working Capital to Net Assets (2010–2025)
This chart shows how Theta Gold Mines Ltd's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2010 to 2025. As of December 2025, the ratio stands at -43.9%, reflecting working capital of AU$-8.56 Million against net assets of AU$19.50 Million AUD. Check how tangible is Theta Gold Mines Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Theta Gold Mines Ltd (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Theta Gold Mines Ltd from 2010 to 2025, covering 16 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is Theta Gold Mines Ltd worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -211.0% | AU$-10.88 Million | AU$5.15 Million | AU$5.86 Million | AU$16.74 Million | ▼ -1176.4 pp |
| 2024 | 965.4% | AU$-20.47 Million | AU$-2.12 Million | AU$3.32 Million | AU$23.79 Million | ▼ -632.3 pp |
| 2023 | 1597.7% | AU$-16.51 Million | AU$-1.03 Million | AU$3.66 Million | AU$20.17 Million | ▲ +1784.7 pp |
| 2022 | -187.0% | AU$-13.10 Million | AU$7.01 Million | AU$248.67K | AU$13.35 Million | ▼ -87.3 pp |
| 2021 | -99.7% | AU$-8.66 Million | AU$8.69 Million | AU$380.02K | AU$9.04 Million | ▲ +90.2 pp |
| 2020 | -189.9% | AU$-7.83 Million | AU$4.12 Million | AU$321.04K | AU$8.15 Million | ▼ -74.3 pp |
| 2019 | -115.6% | AU$-6.67 Million | AU$5.77 Million | AU$661.44K | AU$7.33 Million | ▲ +333.5 pp |
| 2018 | -449.1% | AU$-8.99 Million | AU$2.00 Million | AU$853.79K | AU$9.85 Million | ▲ +455.9 pp |
| 2017 | -905.0% | AU$-4.34 Million | AU$479.02K | AU$1.40 Million | AU$5.74 Million | ▼ -12953.9 pp |
| 2016 | 12048.9% | AU$-7.11 Million | AU$-59.02K | AU$373.35K | AU$7.48 Million | ▲ +10267.8 pp |
| 2015 | 1781.0% | AU$-8.37 Million | AU$-469.77K | AU$508.53K | AU$8.88 Million | ▲ +1682.9 pp |
| 2014 | 98.2% | AU$7.18 Million | AU$7.31 Million | AU$21.64 Million | AU$14.46 Million | ▲ +121.3 pp |
| 2013 | -23.2% | AU$-2.73 Million | AU$11.80 Million | AU$4.27 Million | AU$7.00 Million | ▼ -68.1 pp |
| 2012 | 44.9% | AU$900.31K | AU$2.00 Million | AU$1.20 Million | AU$300.53K | ▼ -19.7 pp |
| 2011 | 64.7% | AU$2.37 Million | AU$3.67 Million | AU$2.84 Million | AU$467.81K | ▼ -21.3 pp |
| 2010 | 86.0% | AU$3.86 Million | AU$4.49 Million | AU$4.02 Million | AU$156.17K | — |