Erdene Resource Development Corp (ERD) — Working Capital to Net Assets Ratio
Erdene Resource Development Corp (ERD) has a Working Capital to Net Assets ratio of 8.6% as of September 2025. Working capital of CA$4.69 Million (current assets of CA$6.17 Million minus current liabilities of CA$1.48 Million) is measured against net assets of CA$54.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Erdene Resource Development Corp balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Erdene Resource Development Corp Working Capital to Net Assets (2002–2024)
This chart shows how Erdene Resource Development Corp's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 8.6%, reflecting working capital of CA$4.69 Million against net assets of CA$54.32 Million CAD. Check Erdene Resource Development Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Erdene Resource Development Corp (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Erdene Resource Development Corp from 2002 to 2024, covering 23 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 Erdene Resource Development Corp.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 10.6% | CA$6.60 Million | CA$62.22 Million | CA$7.38 Million | CA$782.85K | ▲ +1.1 pp |
| 2023 | 9.6% | CA$5.63 Million | CA$58.88 Million | CA$5.81 Million | CA$186.15K | ▼ -5.9 pp |
| 2022 | 15.4% | CA$7.97 Million | CA$51.62 Million | CA$8.86 Million | CA$886.07K | ▼ -0.7 pp |
| 2021 | 16.1% | CA$7.37 Million | CA$45.73 Million | CA$8.10 Million | CA$726.02K | ▼ -13.5 pp |
| 2020 | 29.7% | CA$12.49 Million | CA$42.12 Million | CA$13.10 Million | CA$610.21K | ▲ +6.5 pp |
| 2019 | 23.2% | CA$4.63 Million | CA$19.98 Million | CA$5.25 Million | CA$617.70K | ▲ +13.6 pp |
| 2018 | 9.6% | CA$1.67 Million | CA$17.48 Million | CA$1.90 Million | CA$224.39K | ▼ -12.3 pp |
| 2017 | 21.9% | CA$3.23 Million | CA$14.75 Million | CA$3.42 Million | CA$191.60K | ▼ -1.6 pp |
| 2016 | 23.5% | CA$965.16K | CA$4.11 Million | CA$1.15 Million | CA$182.64K | ▲ +8.7 pp |
| 2015 | 14.8% | CA$308.34K | CA$2.08 Million | CA$748.63K | CA$440.29K | ▲ +16.1 pp |
| 2014 | -1.3% | CA$-138.32K | CA$10.60 Million | CA$173.48K | CA$311.80K | ▼ -5.5 pp |
| 2013 | 4.2% | CA$478.80K | CA$11.42 Million | CA$641.30K | CA$162.50K | ▼ -4.4 pp |
| 2012 | 8.6% | CA$1.09 Million | CA$12.68 Million | CA$1.72 Million | CA$632.18K | ▲ +0.2 pp |
| 2011 | 8.4% | CA$3.39 Million | CA$40.38 Million | CA$4.43 Million | CA$1.04 Million | ▼ -8.3 pp |
| 2010 | 16.7% | CA$8.33 Million | CA$49.84 Million | CA$9.25 Million | CA$922.84K | ▼ -10.0 pp |
| 2009 | 26.7% | CA$13.99 Million | CA$52.48 Million | CA$14.48 Million | CA$489.98K | ▼ -6.1 pp |
| 2008 | 32.8% | CA$17.71 Million | CA$54.06 Million | CA$18.48 Million | CA$772.58K | ▲ +24.1 pp |
| 2007 | 8.7% | CA$3.53 Million | CA$40.71 Million | CA$9.84 Million | CA$6.31 Million | ▲ +7.5 pp |
| 2006 | 1.2% | CA$366.12K | CA$30.92 Million | CA$3.62 Million | CA$3.25 Million | ▼ -65.5 pp |
| 2005 | 66.6% | CA$4.24 Million | CA$6.37 Million | CA$4.52 Million | CA$278.38K | ▼ -25.1 pp |
| 2004 | 91.7% | CA$8.49 Million | CA$9.26 Million | CA$8.66 Million | CA$169.48K | ▲ +6.6 pp |
| 2003 | 85.1% | CA$3.48 Million | CA$4.09 Million | CA$3.55 Million | CA$75.81K | ▲ +21.3 pp |
| 2002 | 63.8% | CA$257.41K | CA$403.17K | CA$299.43K | CA$42.01K | — |