Novo Integrated Sciences Inc Working Capital to Net Assets Ratio
Novo Integrated Sciences Inc working capital to net assets ratio. Novo Integrated Sciences Inc (NVOS) has a Working Capital to Net Assets ratio of -62.7% as of November 2024. Working capital of $-9.16 Million (current assets of $5.41 Million minus current liabilities of $14.58 Million) is measured against net assets of $14.61 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check NVOS intangible-adjusted equity ratio 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 Novo Integrated Sciences Inc (2004–2024)
Working capital to net assets ratio of Novo Integrated Sciences Inc from 2004 to 2024. This chart shows how Novo Integrated Sciences Inc's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2024. As of November 2024, the ratio stands at -62.7%, reflecting working capital of $-9.16 Million against net assets of $14.61 Million USD. See Novo Integrated Sciences Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Novo Integrated Sciences Inc Working Capital to Net Assets Ratio by Year (2004–2024)
Novo Integrated Sciences Inc working capital to net assets ratio by year from 2004 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Novo Integrated Sciences Inc from 2004 to 2024, covering 22 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 NVOS asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -62.7% | $-9.16 Million | $14.61 Million | $5.41 Million | $14.58 Million | ▼ -48.4 pp |
| 2023 | -14.4% | $-3.52 Million | $24.50 Million | $4.39 Million | $7.90 Million | ▼ -30.9 pp |
| 2022 | 16.5% | $7.35 Million | $44.43 Million | $20.08 Million | $12.73 Million | ▲ +10.4 pp |
| 2021 | 6.1% | $2.67 Million | $43.80 Million | $11.13 Million | $8.46 Million | ▲ +0.4 pp |
| 2020 | 5.7% | $1.69 Million | $29.57 Million | $4.29 Million | $2.60 Million | ▲ +1.5 pp |
| 2019 | 4.2% | $1.07 Million | $25.54 Million | $4.10 Million | $3.03 Million | ▲ +454.2 pp |
| 2018 | -450.0% | $-777.42K | $172.77K | $2.57 Million | $3.35 Million | ▼ -464.5 pp |
| 2017 | 14.5% | $-623.87K | $-4.29 Million | $3.65 Million | $4.27 Million | ▼ -90.0 pp |
| 2016 | 104.5% | $-7.40 Million | $-7.08 Million | $2.57 Million | $9.97 Million | ▲ +97.7 pp |
| 2016 | 6.8% | $1.00K | $14.75K | $14.12K | $13.12K | ▼ -47.4 pp |
| 2015 | 54.2% | $-338.83K | $-625.67K | $1.83K | $340.66K | ▲ +31.7 pp |
| 2014 | 22.4% | $-212.74K | $-947.87K | $345.01K | $557.75K | ▼ -5.7 pp |
| 2013 | 28.2% | $-224.56K | $-797.36K | $17.00K | $241.56K | ▲ +22.9 pp |
| 2012 | 5.3% | $-122.33K | $-2.33 Million | $18.76K | $141.09K | ▼ -51.4 pp |
| 2011 | 56.6% | $-844.98K | $-1.49 Million | $237.16K | $1.08 Million | ▲ +71.7 pp |
| 2010 | -15.0% | $179.11K | $-1.19 Million | $298.07K | $118.96K | ▼ -46.4 pp |
| 2009 | 31.4% | $-451.14K | $-1.44 Million | $7.16K | $458.30K | ▼ -71.4 pp |
| 2008 | 102.7% | $-866.98K | $-844.10K | $57.87K | $924.84K | ▲ +2.3 pp |
| 2007 | 100.4% | $-297.80K | $-296.61K | $24.78K | $322.57K | ▼ -0.1 pp |
| 2006 | 100.5% | $-411.25K | $-409.22K | $278.00 | $411.53K | ▲ +45.4 pp |
| 2005 | 55.1% | $-168.01K | $-305.08K | $27.00 | $168.04K | ▲ +0.0 pp |
| 2004 | 55.1% | $-168.01K | $-305.08K | $27.00 | $168.04K | — |