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 net asset quality score to measure how much of total assets are equity-financed.
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. Check tangible equity quality of musicMagpie PLC to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see MMAG market cap overview.
| 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 | — |