Novo Integrated Sciences Inc (NVOS) — 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. See operational self-sufficiency of Novo Integrated Sciences Inc to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Novo Integrated Sciences Inc Working Capital to Net Assets (2004–2024)
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. For the complete balance sheet picture, see balance sheet size of Novo Integrated Sciences Inc.
Annual Working Capital to Net Assets for Novo Integrated Sciences Inc (2004–2024)
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. Check Novo Integrated Sciences Inc liquidity resilience 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 | -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 | — |