Sable Exploration and Mining Ltd (SXM) — Working Capital to Net Assets Ratio
Sable Exploration and Mining Ltd (SXM) has a Working Capital to Net Assets ratio of -119.4% as of February 2024. Working capital of ZAC-6.63 Million (current assets of ZAC8.35 Million minus current liabilities of ZAC14.99 Million) is measured against net assets of ZAC5.56 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SXM net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sable Exploration and Mining Ltd Working Capital to Net Assets (2020–2024)
This chart shows how Sable Exploration and Mining Ltd's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2020 to 2024. As of February 2024, the ratio stands at -119.4%, reflecting working capital of ZAC-6.63 Million against net assets of ZAC5.56 Million ZAC. Check Sable Exploration and Mining Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Sable Exploration and Mining Ltd (2020–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sable Exploration and Mining Ltd from 2020 to 2024, 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 Sable Exploration and Mining Ltd (SXM) total market value.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -119.4% | ZAC-6.63 Million | ZAC5.56 Million | ZAC8.35 Million | ZAC14.99 Million | ▼ -219.4 pp |
| 2023 | 100.0% | ZAC-32.26 Million | ZAC-32.26 Million | ZAC1.08 Million | ZAC33.34 Million | ▲ +88.2 pp |
| 2022 | 11.8% | ZAC-3.08 Million | ZAC-26.02 Million | ZAC399.57K | ZAC3.48 Million | ▲ +8.3 pp |
| 2021 | 3.6% | ZAC-708.98K | ZAC-19.86 Million | ZAC2.06 Million | ZAC2.77 Million | ▼ -8.1 pp |
| 2020 | 11.7% | ZAC-1.93 Million | ZAC-16.55 Million | ZAC1.71 Million | ZAC3.64 Million | — |