Canna Global Acquisition Corp (CNGL) — Working Capital to Net Assets Ratio
Canna Global Acquisition Corp (CNGL) has a Working Capital to Net Assets ratio of -361.8% as of March 2024. Working capital of $-3.53 Million (current assets of $271.86K minus current liabilities of $3.80 Million) is measured against net assets of $975.28K. A higher ratio indicates strong short-term liquidity financed by the equity base. See CNGL financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Canna Global Acquisition Corp Working Capital to Net Assets (2021–2023)
This chart shows how Canna Global Acquisition Corp's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of March 2024, the ratio stands at -361.8%, reflecting working capital of $-3.53 Million against net assets of $975.28K USD. See Canna Global Acquisition Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Canna Global Acquisition Corp (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Canna Global Acquisition Corp from 2021 to 2023, covering 3 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 market value of Canna Global Acquisition Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -287.9% | $-3.16 Million | $1.10 Million | $229.42K | $3.39 Million | ▼ -279.9 pp |
| 2022 | -8.0% | $-1.22 Million | $15.33 Million | $85.83K | $1.31 Million | ▼ -111.6 pp |
| 2021 | 103.6% | $233.87 Million | $225.82 Million | $234.13 Million | $266.61K | — |