First Quantum Minerals Ltd (FM) — Working Capital to Net Assets Ratio
First Quantum Minerals Ltd (FM) has a Working Capital to Net Assets ratio of 14.6% as of June 2026. Working capital of CA$1.69 Billion (current assets of CA$3.56 Billion minus current liabilities of CA$1.87 Billion) is measured against net assets of CA$11.59 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See First Quantum Minerals Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Quantum Minerals Ltd Working Capital to Net Assets (1997–2025)
This chart shows how First Quantum Minerals Ltd's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of June 2026, the ratio stands at 14.6%, reflecting working capital of CA$1.69 Billion against net assets of CA$11.59 Billion CAD. For the complete balance sheet picture, see FM total asset value.
Annual Working Capital to Net Assets for First Quantum Minerals Ltd (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Quantum Minerals Ltd 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. Check First Quantum Minerals Ltd (FM) 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 | 10.0% | CA$1.15 Billion | CA$11.54 Billion | CA$3.91 Billion | CA$2.75 Billion | ▼ -4.0 pp |
| 2024 | 14.0% | CA$1.67 Billion | CA$11.90 Billion | CA$3.22 Billion | CA$1.54 Billion | ▲ +0.6 pp |
| 2023 | 13.5% | CA$1.45 Billion | CA$10.78 Billion | CA$3.46 Billion | CA$2.01 Billion | ▼ -6.4 pp |
| 2022 | 19.9% | CA$2.43 Billion | CA$12.24 Billion | CA$4.17 Billion | CA$1.74 Billion | ▲ +0.2 pp |
| 2021 | 19.6% | CA$2.25 Billion | CA$11.49 Billion | CA$3.93 Billion | CA$1.68 Billion | ▲ +12.9 pp |
| 2020 | 6.7% | CA$673.00 Million | CA$10.04 Billion | CA$3.11 Billion | CA$2.44 Billion | ▲ +0.8 pp |
| 2019 | 5.9% | CA$629.00 Million | CA$10.66 Billion | CA$3.15 Billion | CA$2.52 Billion | ▼ -9.2 pp |
| 2018 | 15.1% | CA$1.62 Billion | CA$10.72 Billion | CA$3.26 Billion | CA$1.64 Billion | ▲ +4.0 pp |
| 2017 | 11.1% | CA$1.12 Billion | CA$10.13 Billion | CA$3.19 Billion | CA$2.07 Billion | ▲ +2.8 pp |
| 2016 | 8.3% | CA$849.00 Million | CA$10.29 Billion | CA$3.07 Billion | CA$2.22 Billion | ▼ -1.7 pp |
| 2015 | 10.0% | CA$1.06 Billion | CA$10.63 Billion | CA$2.16 Billion | CA$1.09 Billion | ▼ -7.5 pp |
| 2014 | 17.5% | CA$1.76 Billion | CA$10.09 Billion | CA$2.46 Billion | CA$697.10 Million | ▲ +9.4 pp |
| 2013 | 8.1% | CA$738.10 Million | CA$9.09 Billion | CA$2.54 Billion | CA$1.80 Billion | ▼ -15.5 pp |
| 2012 | 23.6% | CA$1.39 Billion | CA$5.88 Billion | CA$1.83 Billion | CA$443.60 Million | ▲ +5.6 pp |
| 2011 | 18.0% | CA$752.20 Million | CA$4.17 Billion | CA$1.37 Billion | CA$621.90 Million | ▼ -20.8 pp |
| 2010 | 38.8% | CA$1.21 Billion | CA$3.13 Billion | CA$2.18 Billion | CA$965.40 Million | ▲ +0.2 pp |
| 2009 | 38.6% | CA$1.11 Billion | CA$2.88 Billion | CA$1.84 Billion | CA$732.20 Million | ▲ +33.7 pp |
| 2008 | 5.0% | CA$85.40 Million | CA$1.71 Billion | CA$731.40 Million | CA$646.00 Million | ▼ -17.6 pp |
| 2007 | 22.6% | CA$406.30 Million | CA$1.80 Billion | CA$735.60 Million | CA$329.30 Million | ▼ -8.6 pp |
| 2006 | 31.1% | CA$362.88 Million | CA$1.17 Billion | CA$678.30 Million | CA$315.43 Million | ▲ +8.3 pp |
| 2005 | 22.8% | CA$88.82 Million | CA$389.23 Million | CA$273.21 Million | CA$184.39 Million | ▲ +1.6 pp |
| 2004 | 21.2% | CA$33.88 Million | CA$160.03 Million | CA$105.89 Million | CA$72.01 Million | ▲ +4.9 pp |
| 2003 | 16.2% | CA$13.80 Million | CA$85.09 Million | CA$47.87 Million | CA$34.06 Million | ▲ +6.5 pp |
| 2002 | 9.7% | CA$5.41 Million | CA$55.72 Million | CA$23.26 Million | CA$17.85 Million | ▲ +6.8 pp |
| 2001 | 2.9% | CA$1.42 Million | CA$48.67 Million | CA$49.51 Million | CA$48.09 Million | ▲ +18.8 pp |
| 2000 | -15.9% | CA$-5.33 Million | CA$33.56 Million | CA$37.07 Million | CA$42.40 Million | ▲ +29.3 pp |
| 1999 | -45.2% | CA$-11.13 Million | CA$24.64 Million | CA$6.52 Million | CA$17.65 Million | ▲ +47.2 pp |
| 1998 | -92.3% | CA$-21.19 Million | CA$22.96 Million | CA$8.61 Million | CA$29.80 Million | ▼ -60.3 pp |
| 1997 | -32.0% | CA$-9.56 Million | CA$29.86 Million | CA$11.80 Million | CA$21.36 Million | — |