Cardiol Therapeutics Inc Class A (CRDL) — Working Capital to Net Assets Ratio
Cardiol Therapeutics Inc Class A (CRDL) has a Working Capital to Net Assets ratio of 99.8% as of December 2025. Working capital of CA$17.85 Million (current assets of CA$23.50 Million minus current liabilities of CA$5.66 Million) is measured against net assets of CA$17.88 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Cardiol Therapeutics Inc Class A (CRDL) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cardiol Therapeutics Inc Class A Working Capital to Net Assets (2017–2025)
This chart shows how Cardiol Therapeutics Inc Class A's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 99.8%, reflecting working capital of CA$17.85 Million against net assets of CA$17.88 Million CAD. For the complete balance sheet picture, see how large is Cardiol Therapeutics Inc Class A's balance sheet.
Annual Working Capital to Net Assets for Cardiol Therapeutics Inc Class A (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cardiol Therapeutics Inc Class A from 2017 to 2025, covering 9 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 Cardiol Therapeutics Inc Class A (CRDL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 99.8% | CA$17.85 Million | CA$17.88 Million | CA$23.50 Million | CA$5.66 Million | ▲ +0.1 pp |
| 2024 | 99.7% | CA$24.66 Million | CA$24.73 Million | CA$31.67 Million | CA$7.01 Million | ▲ +1.1 pp |
| 2023 | 98.6% | CA$27.86 Million | CA$28.25 Million | CA$36.15 Million | CA$8.30 Million | ▼ -0.3 pp |
| 2022 | 98.9% | CA$51.63 Million | CA$52.20 Million | CA$61.44 Million | CA$9.80 Million | ▼ -0.2 pp |
| 2021 | 99.1% | CA$75.58 Million | CA$76.24 Million | CA$87.14 Million | CA$11.57 Million | ▲ +5.4 pp |
| 2020 | 93.7% | CA$12.43 Million | CA$13.27 Million | CA$14.95 Million | CA$2.52 Million | ▲ +0.4 pp |
| 2019 | 93.2% | CA$13.68 Million | CA$14.67 Million | CA$14.37 Million | CA$690.55K | ▼ -5.0 pp |
| 2018 | 98.3% | CA$21.89 Million | CA$22.27 Million | CA$24.03 Million | CA$2.14 Million | ▲ +17.4 pp |
| 2017 | 80.9% | CA$2.31 Million | CA$2.85 Million | CA$2.48 Million | CA$176.71K | — |