Vision Marine Technologies Inc (VMAR) — Working Capital to Net Assets Ratio
Vision Marine Technologies Inc (VMAR) has a Working Capital to Net Assets ratio of 105.0% as of February 2026. Working capital of $9.97 Million (current assets of $45.49 Million minus current liabilities of $35.53 Million) is measured against net assets of $9.49 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Vision Marine Technologies Inc to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vision Marine Technologies Inc Working Capital to Net Assets (2018–2025)
This chart shows how Vision Marine Technologies Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of February 2026, the ratio stands at 105.0%, reflecting working capital of $9.97 Million against net assets of $9.49 Million USD. See Vision Marine Technologies Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Vision Marine Technologies Inc (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vision Marine Technologies Inc from 2018 to 2025, covering 8 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 Vision Marine Technologies Inc (VMAR) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 109.8% | $9.28 Million | $8.45 Million | $58.97 Million | $49.70 Million | ▲ +86.2 pp |
| 2024 | 23.5% | $524.85K | $2.23 Million | $6.38 Million | $5.86 Million | ▲ +40.0 pp |
| 2023 | -16.5% | $-1.42 Million | $8.61 Million | $6.27 Million | $7.69 Million | ▼ -52.8 pp |
| 2022 | 36.3% | $8.73 Million | $24.03 Million | $11.60 Million | $2.87 Million | ▼ -19.2 pp |
| 2021 | 55.6% | $18.63 Million | $33.53 Million | $21.32 Million | $2.69 Million | ▼ -11.8 pp |
| 2020 | 67.4% | $533.76K | $791.91K | $2.44 Million | $1.91 Million | ▼ -2.7 pp |
| 2019 | 70.1% | $-92.77K | $-132.30K | $1.37 Million | $1.46 Million | ▼ -7.3 pp |
| 2018 | 77.5% | $-312.00K | $-402.79K | $1.58 Million | $1.89 Million | — |