Black Hawk Acquisition Corporation (BKHA) — Working Capital to Net Assets Ratio
Black Hawk Acquisition Corporation (BKHA) has a Working Capital to Net Assets ratio of -10.5% as of February 2026. Working capital of $-2.11 Million (current assets of $181.35K minus current liabilities of $2.29 Million) is measured against net assets of $20.12 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BKHA free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Black Hawk Acquisition Corporation Working Capital to Net Assets (2023–2025)
This chart shows how Black Hawk Acquisition Corporation's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2023 to 2025. As of February 2026, the ratio stands at -10.5%, reflecting working capital of $-2.11 Million against net assets of $20.12 Million USD. See Black Hawk Acquisition Corporation (BKHA) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Black Hawk Acquisition Corporation (2023–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Black Hawk Acquisition Corporation from 2023 to 2025, 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. For live market cap and the full company profile, see Black Hawk Acquisition Corporation market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -7.2% | $-1.43 Million | $19.98 Million | $50.79K | $1.48 Million | ▼ -7.5 pp |
| 2024 | 0.3% | $243.09K | $69.66 Million | $314.07K | $70.98K | ▲ +1641.0 pp |
| 2023 | -1640.7% | $-100.85K | $6.15K | $156.00K | $256.85K | ▲ +0.0 pp |
| 2023 | -1640.7% | $-100.85K | $6.15K | $156.00K | $256.85K | — |