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 net asset quality score to measure how much of total assets are equity-financed.
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. Check Black Hawk Acquisition Corporation (BKHA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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 BKHA market cap.
| 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 | — |