Erdene Resource Development Corp Working Capital to Net Assets Ratio
Erdene Resource Development Corp 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. Check tangible net worth ratio of Erdene Resource Development Corp to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Erdene Resource Development Corp (2002–2024)
Working capital to net assets ratio of Erdene Resource Development Corp from 2002 to 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. See ERD defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Erdene Resource Development Corp Working Capital to Net Assets Ratio by Year (2002–2024)
Erdene Resource Development Corp working capital to net assets ratio by year from 2002 to 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 the complete balance sheet picture, see ERD current and non-current assets.
| 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 | — |