musicMagpie PLC Working Capital to Net Assets Ratio
musicMagpie PLC 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. Check how tangible is musicMagpie PLC's equity to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of musicMagpie PLC (2016–2023)
Working capital to net assets ratio of musicMagpie PLC from 2016 to 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. See musicMagpie PLC defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
musicMagpie PLC Working Capital to Net Assets Ratio by Year (2016–2023)
musicMagpie PLC working capital to net assets ratio by year from 2016 to 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. For the complete balance sheet picture, see MMAG total asset value.
| 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 | — |