Above Food Ingredients Inc. Common Stock (ABVE) — Working Capital to Net Assets Ratio
Above Food Ingredients Inc. Common Stock (ABVE) has a Working Capital to Net Assets ratio of 110.9% as of July 2024. Working capital of $-127.76 Million (current assets of $38.61 Million minus current liabilities of $166.37 Million) is measured against net assets of $-115.21 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Above Food Ingredients Inc. Common Stock (ABVE) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Above Food Ingredients Inc. Common Stock Working Capital to Net Assets (2021–2024)
This chart shows how Above Food Ingredients Inc. Common Stock's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of July 2024, the ratio stands at 110.9%, reflecting working capital of $-127.76 Million against net assets of $-115.21 Million USD. For the complete balance sheet picture, see Above Food Ingredients Inc. Common Stock (ABVE) total assets.
Annual Working Capital to Net Assets for Above Food Ingredients Inc. Common Stock (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Above Food Ingredients Inc. Common Stock from 2021 to 2024, covering 4 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. Check financial resilience of Above Food Ingredients Inc. Common Stock to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 184.6% | $-85.41 Million | $-46.26 Million | $68.44 Million | $153.85 Million | ▲ +188.5 pp |
| 2023 | -3.8% | $-1.12 Million | $29.11 Million | $125.42K | $1.25 Million | ▲ +46.1 pp |
| 2022 | -50.0% | $-99.89 Million | $199.86 Million | $499.71K | $100.39 Million | ▲ +580.3 pp |
| 2021 | -630.2% | $-194.73K | $30.90K | $42.08K | $236.81K | — |