Nova Minerals Limited (NVA) — Working Capital to Net Assets Ratio
Nova Minerals Limited (NVA) has a Working Capital to Net Assets ratio of -1.2% as of September 2024. Working capital of $-27.54 Million (current assets of $189.90 Million minus current liabilities of $217.44 Million) is measured against net assets of $2.28 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NVA defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nova Minerals Limited Working Capital to Net Assets (1989–2024)
This chart shows how Nova Minerals Limited's Working Capital to Net Assets ratio has evolved across 36 annual periods from 1989 to 2024. As of September 2024, the ratio stands at -1.2%, reflecting working capital of $-27.54 Million against net assets of $2.28 Billion USD. For the complete balance sheet picture, see balance sheet size of Nova Minerals Limited.
Annual Working Capital to Net Assets for Nova Minerals Limited (1989–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nova Minerals Limited from 1989 to 2024, covering 36 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 Nova Minerals Limited asset resilience ratio 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 | 0.3% | $7.00 Million | $2.12 Billion | $199.29 Million | $192.29 Million | ▼ -3.1 pp |
| 2023 | 3.5% | $67.19 Million | $1.94 Billion | $283.56 Million | $216.36 Million | ▲ +10.7 pp |
| 2022 | -7.3% | $-104.16 Million | $1.44 Billion | $88.54 Million | $192.69 Million | ▼ -2.9 pp |
| 2021 | -4.3% | $-50.10 Million | $1.16 Billion | $58.56 Million | $108.66 Million | ▼ -1.3 pp |
| 2020 | -3.1% | $-41.43 Million | $1.35 Billion | $83.70 Million | $125.14 Million | ▼ -2.4 pp |
| 2019 | -0.6% | $-8.75 Million | $1.41 Billion | $93.82 Million | $102.57 Million | ▲ +1.9 pp |
| 2018 | -2.5% | $-21.57 Million | $863.58 Million | $47.94 Million | $69.51 Million | ▲ +1.9 pp |
| 2017 | -4.4% | $-33.07 Million | $756.03 Million | $37.62 Million | $70.68 Million | ▼ -3.2 pp |
| 2016 | -1.2% | $-7.62 Million | $629.64 Million | $55.31 Million | $62.93 Million | ▼ -4.0 pp |
| 2015 | 2.8% | $19.44 Million | $687.65 Million | $70.41 Million | $50.97 Million | ▲ +9.9 pp |
| 2014 | -7.1% | $-50.01 Million | $707.79 Million | $31.92 Million | $81.93 Million | ▼ -5.6 pp |
| 2013 | -1.4% | $-9.41 Million | $656.06 Million | $32.48 Million | $41.88 Million | ▲ +2.1 pp |
| 2012 | -3.5% | $-26.68 Million | $755.55 Million | $50.35 Million | $77.03 Million | ▼ -2.8 pp |
| 2011 | -0.7% | $-6.19 Million | $900.33 Million | $55.74 Million | $61.93 Million | ▼ -2.4 pp |
| 2010 | 1.7% | $15.62 Million | $919.69 Million | $70.57 Million | $54.95 Million | ▼ -1.5 pp |
| 2009 | 3.2% | $25.70 Million | $811.30 Million | $81.36 Million | $55.66 Million | ▲ +4.0 pp |
| 2008 | -0.9% | $-3.21 Million | $370.29 Million | $30.46 Million | $33.68 Million | ▲ +4.1 pp |
| 2007 | -4.9% | $-14.60 Million | $296.51 Million | $25.95 Million | $40.55 Million | ▼ -5.2 pp |
| 2006 | 0.2% | $621.00K | $255.60 Million | $18.84 Million | $18.22 Million | ▲ +5.0 pp |
| 2005 | -4.7% | $-5.45 Million | $115.11 Million | $12.07 Million | $17.52 Million | ▲ +13.7 pp |
| 2004 | -18.4% | $-13.08 Million | $71.06 Million | $6.25 Million | $19.33 Million | ▲ +23.9 pp |
| 2003 | -42.3% | $-80.91K | $191.42K | $9.14K | $90.05K | ▼ -50.4 pp |
| 2002 | 8.1% | $-89.48K | $-1.11 Million | $48.29K | $137.77K | ▲ +29.3 pp |
| 2001 | -21.2% | $-78.29K | $368.59K | $13.48K | $91.77K | ▼ -264.6 pp |
| 2000 | 243.4% | $-3.93 Million | $-1.61 Million | $148.27K | $4.08 Million | ▲ +251.4 pp |
| 1999 | -8.0% | $-427.54K | $5.32 Million | $232.07K | $659.61K | ▼ -47.2 pp |
| 1998 | 39.2% | $5.68 Million | $14.50 Million | $5.96 Million | $276.00K | ▼ -28.9 pp |
| 1997 | 68.1% | $12.60 Million | $18.51 Million | $13.09 Million | $488.00K | ▲ +91.1 pp |
| 1996 | -23.0% | $-1.21 Million | $5.25 Million | $78.69K | $1.29 Million | ▼ -115.7 pp |
| 1995 | 92.6% | $-4.39 Million | $-4.74 Million | $47.00K | $4.43 Million | ▲ +50.9 pp |
| 1994 | 41.7% | $-942.00K | $-2.26 Million | $1.28 Million | $2.22 Million | ▼ -104.6 pp |
| 1993 | 146.3% | $-8.42 Million | $-5.75 Million | $25.00K | $8.44 Million | ▼ -8.1 pp |
| 1992 | 154.5% | $-6.75 Million | $-4.37 Million | $101.00K | $6.85 Million | ▲ +140.3 pp |
| 1991 | 14.1% | $-628.00K | $-4.44 Million | $90.00K | $718.00K | ▲ +826.1 pp |
| 1990 | -812.0% | $-203.00K | $25.00K | $1.73 Million | $1.93 Million | ▼ -924.1 pp |
| 1989 | 112.1% | $-6.35 Million | $-5.67 Million | $170.00K | $6.52 Million | — |