First Class Metals PLC (FCM) — Working Capital to Net Assets Ratio

First Class Metals PLC (FCM) has a Working Capital to Net Assets ratio of -21.2% as of December 2025. Working capital of GBX-706.61K (current assets of GBX138.45K minus current liabilities of GBX845.06K) is measured against net assets of GBX3.34 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See First Class Metals PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.