Electrovaya Inc. (ELVA) — Working Capital to Net Assets Ratio
Electrovaya Inc. (ELVA) has a Working Capital to Net Assets ratio of 85.6% as of December 2025. Working capital of CA$51.80 Million (current assets of CA$62.12 Million minus current liabilities of CA$10.32 Million) is measured against net assets of CA$60.49 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Electrovaya Inc. (ELVA) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Electrovaya Inc. Working Capital to Net Assets (1997–2025)
This chart shows how Electrovaya Inc.'s Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 85.6%, reflecting working capital of CA$51.80 Million against net assets of CA$60.49 Million CAD. Check ELVA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Electrovaya Inc. (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Electrovaya Inc. from 1997 to 2025, covering 29 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 ELVA market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 102.4% | CA$31.88 Million | CA$31.13 Million | CA$41.96 Million | CA$10.08 Million | ▲ +92.1 pp |
| 2024 | 10.3% | CA$887.00K | CA$8.59 Million | CA$29.42 Million | CA$28.53 Million | ▲ +20.2 pp |
| 2023 | -9.9% | CA$-705.00K | CA$7.15 Million | CA$25.91 Million | CA$26.61 Million | ▼ -106.0 pp |
| 2022 | 96.1% | CA$-5.69 Million | CA$-5.92 Million | CA$15.68 Million | CA$21.37 Million | ▲ +12.1 pp |
| 2021 | 84.0% | CA$-1.43 Million | CA$-1.70 Million | CA$12.03 Million | CA$13.45 Million | ▼ -12.2 pp |
| 2020 | 96.2% | CA$-8.38 Million | CA$-8.71 Million | CA$8.07 Million | CA$16.45 Million | ▼ -2.8 pp |
| 2019 | 99.0% | CA$-14.13 Million | CA$-14.27 Million | CA$2.08 Million | CA$16.21 Million | ▼ -7.0 pp |
| 2018 | 106.1% | CA$-14.59 Million | CA$-13.76 Million | CA$4.33 Million | CA$18.93 Million | ▼ -156.5 pp |
| 2017 | 262.6% | CA$-3.21 Million | CA$-1.22 Million | CA$22.73 Million | CA$25.93 Million | ▲ +246.1 pp |
| 2016 | 16.5% | CA$1.31 Million | CA$7.95 Million | CA$23.31 Million | CA$22.00 Million | ▼ -49.2 pp |
| 2015 | 65.7% | CA$8.24 Million | CA$12.54 Million | CA$19.66 Million | CA$11.43 Million | ▲ +29.0 pp |
| 2014 | 36.7% | CA$1.90 Million | CA$5.17 Million | CA$3.33 Million | CA$1.43 Million | ▲ +138.8 pp |
| 2013 | -102.1% | CA$-4.78 Million | CA$4.68 Million | CA$5.60 Million | CA$10.38 Million | ▼ -143.3 pp |
| 2012 | 41.2% | CA$3.88 Million | CA$9.43 Million | CA$10.33 Million | CA$6.45 Million | ▼ -42.2 pp |
| 2011 | 83.4% | CA$6.79 Million | CA$8.13 Million | CA$10.77 Million | CA$3.98 Million | ▲ +49.6 pp |
| 2010 | 33.8% | CA$3.14 Million | CA$9.29 Million | CA$5.80 Million | CA$2.66 Million | ▼ -7.1 pp |
| 2009 | 40.9% | CA$4.14 Million | CA$10.12 Million | CA$7.37 Million | CA$3.23 Million | ▼ -0.7 pp |
| 2008 | 41.6% | CA$4.22 Million | CA$10.14 Million | CA$6.73 Million | CA$2.51 Million | ▼ -15.3 pp |
| 2007 | 56.9% | CA$8.45 Million | CA$14.87 Million | CA$9.96 Million | CA$1.50 Million | ▼ -8.6 pp |
| 2006 | 65.4% | CA$11.45 Million | CA$17.50 Million | CA$12.71 Million | CA$1.25 Million | ▲ +10.3 pp |
| 2005 | 55.1% | CA$13.44 Million | CA$24.38 Million | CA$15.05 Million | CA$1.60 Million | ▼ -8.3 pp |
| 2004 | 63.4% | CA$15.97 Million | CA$25.17 Million | CA$17.48 Million | CA$1.51 Million | ▲ +0.6 pp |
| 2003 | 62.9% | CA$20.35 Million | CA$32.37 Million | CA$22.11 Million | CA$1.77 Million | ▲ +0.0 pp |
| 2002 | 62.8% | CA$24.10 Million | CA$38.35 Million | CA$25.36 Million | CA$1.26 Million | ▼ -5.2 pp |
| 2001 | 68.0% | CA$32.99 Million | CA$48.49 Million | CA$34.14 Million | CA$1.15 Million | ▲ +2.4 pp |
| 2000 | 65.7% | CA$19.08 Million | CA$29.06 Million | CA$20.91 Million | CA$1.83 Million | ▼ -9.1 pp |
| 1999 | 74.7% | CA$2.61 Million | CA$3.50 Million | CA$2.83 Million | CA$218.50K | ▼ -13.6 pp |
| 1998 | 88.3% | CA$4.08 Million | CA$4.62 Million | CA$4.27 Million | CA$191.84K | ▼ -6.4 pp |
| 1997 | 94.7% | CA$5.67 Million | CA$5.98 Million | CA$5.89 Million | CA$224.26K | — |