Sable Exploration and Mining Ltd Working Capital to Net Assets Ratio
Sable Exploration and Mining Ltd 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.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Sable Exploration and Mining Ltd (2020–2024)
Working capital to net assets ratio of Sable Exploration and Mining Ltd from 2020 to 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. See SXM defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Sable Exploration and Mining Ltd Working Capital to Net Assets Ratio by Year (2020–2024)
Sable Exploration and Mining Ltd working capital to net assets ratio by year from 2020 to 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 the complete balance sheet picture, see balance sheet size of Sable Exploration and Mining Ltd.
| 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 | — |