RED LAKE GOLD INC. (P11A) — Working Capital to Net Assets Ratio
RED LAKE GOLD INC. (P11A) has a Working Capital to Net Assets ratio of -145.1% as of February 2026. Working capital of €-18.50K (current assets of €19.80K minus current liabilities of €38.30K) is measured against net assets of €12.75K. A higher ratio indicates strong short-term liquidity financed by the equity base. See P11A net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
RED LAKE GOLD INC. Working Capital to Net Assets (2021–2025)
This chart shows how RED LAKE GOLD INC.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of February 2026, the ratio stands at -145.1%, reflecting working capital of €-18.50K against net assets of €12.75K EUR. Check how tangible is RED LAKE GOLD INC.'s equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for RED LAKE GOLD INC. (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for RED LAKE GOLD INC. from 2021 to 2025, covering 5 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 P11A market cap.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 17.5% | €6.63K | €37.88K | €32.12K | €25.48K | ▲ +5.9 pp |
| 2024 | 11.6% | €291.59K | €2.50 Million | €314.37K | €22.78K | ▲ +9.2 pp |
| 2023 | 2.5% | €50.14K | €2.02 Million | €63.22K | €13.08K | ▼ -13.3 pp |
| 2022 | 15.8% | €341.92K | €2.17 Million | €355.05K | €13.13K | ▼ -0.4 pp |
| 2021 | 16.1% | €337.87K | €2.09 Million | €355.75K | €17.88K | — |