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 Sable Exploration and Mining Ltd (SXM) financial flexibility to measure the company's free cash flow as a share of total liabilities.
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. See SXM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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 market cap 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 | — |