musicMagpie PLC (MMAG) — Working Capital to Net Assets Ratio
musicMagpie PLC (MMAG) has a Working Capital to Net Assets ratio of 42.9% as of May 2024. Working capital of GBX4.02 Million (current assets of GBX11.77 Million minus current liabilities of GBX7.75 Million) is measured against net assets of GBX9.38 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MMAG defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
musicMagpie PLC Working Capital to Net Assets (2016–2023)
This chart shows how musicMagpie PLC's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2016 to 2023. As of May 2024, the ratio stands at 42.9%, reflecting working capital of GBX4.02 Million against net assets of GBX9.38 Million GBX. For the complete balance sheet picture, see MMAG current and non-current assets.
Annual Working Capital to Net Assets for musicMagpie PLC (2016–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for musicMagpie PLC from 2016 to 2023, covering 8 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. Read MMAG current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 62.0% | GBX7.61 Million | GBX12.28 Million | GBX16.98 Million | GBX9.37 Million | ▲ +17.2 pp |
| 2022 | 44.8% | GBX8.76 Million | GBX19.54 Million | GBX18.79 Million | GBX10.03 Million | ▲ +21.8 pp |
| 2021 | 23.1% | GBX5.60 Million | GBX24.28 Million | GBX14.59 Million | GBX8.99 Million | ▲ +197.9 pp |
| 2020 | -174.9% | GBX-4.23 Million | GBX2.42 Million | GBX14.48 Million | GBX18.71 Million | ▼ -218.3 pp |
| 2019 | 43.4% | GBX-2.80 Million | GBX-6.45 Million | GBX10.37 Million | GBX13.17 Million | ▼ -21.1 pp |
| 2018 | 64.6% | GBX-3.70 Million | GBX-5.74 Million | GBX8.80 Million | GBX12.50 Million | ▲ +948.2 pp |
| 2017 | -883.7% | GBX-4.33 Million | GBX490.00K | GBX7.93 Million | GBX12.26 Million | ▼ -667.2 pp |
| 2016 | -216.5% | GBX-3.24 Million | GBX1.50 Million | GBX6.74 Million | GBX9.97 Million | — |