Headwater Exploration Inc Working Capital to Net Assets Ratio
Headwater Exploration Inc working capital to net assets ratio. Headwater Exploration Inc (HWX) has a Working Capital to Net Assets ratio of -0.4% as of March 2026. Working capital of CA$-3.03 Million (current assets of CA$148.86 Million minus current liabilities of CA$151.89 Million) is measured against net assets of CA$757.57 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Headwater Exploration Inc (1997–2025)
Working capital to net assets ratio of Headwater Exploration Inc from 1997 to 2025. This chart shows how Headwater Exploration Inc's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at -0.4%, reflecting working capital of CA$-3.03 Million against net assets of CA$757.57 Million CAD. Explore HWX long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Headwater Exploration Inc Working Capital to Net Assets Ratio by Year (1997–2025)
Headwater Exploration Inc working capital to net assets ratio by year from 1997 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Headwater Exploration 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 the complete balance sheet picture, see balance sheet size of Headwater Exploration Inc.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 4.0% | CA$29.95 Million | CA$748.15 Million | CA$158.04 Million | CA$128.09 Million | ▼ -7.3 pp |
| 2024 | 11.3% | CA$78.73 Million | CA$699.46 Million | CA$207.65 Million | CA$128.91 Million | ▼ -1.6 pp |
| 2023 | 12.9% | CA$78.61 Million | CA$610.50 Million | CA$200.92 Million | CA$122.31 Million | ▼ -7.3 pp |
| 2022 | 20.1% | CA$109.43 Million | CA$543.34 Million | CA$221.59 Million | CA$112.16 Million | ▼ -2.4 pp |
| 2021 | 22.6% | CA$89.78 Million | CA$397.79 Million | CA$147.72 Million | CA$57.95 Million | ▼ -3.6 pp |
| 2020 | 26.2% | CA$70.53 Million | CA$269.03 Million | CA$85.17 Million | CA$14.64 Million | ▼ -30.3 pp |
| 2019 | 56.5% | CA$64.62 Million | CA$114.31 Million | CA$66.41 Million | CA$1.79 Million | ▲ +5.3 pp |
| 2018 | 51.2% | CA$57.19 Million | CA$111.70 Million | CA$59.69 Million | CA$2.50 Million | ▲ +9.2 pp |
| 2017 | 42.0% | CA$46.92 Million | CA$111.74 Million | CA$51.01 Million | CA$4.09 Million | ▲ +10.7 pp |
| 2016 | 31.3% | CA$29.36 Million | CA$93.80 Million | CA$30.54 Million | CA$1.18 Million | ▲ +9.8 pp |
| 2015 | 21.5% | CA$26.43 Million | CA$122.82 Million | CA$27.56 Million | CA$1.13 Million | ▲ +8.0 pp |
| 2014 | 13.6% | CA$20.91 Million | CA$154.27 Million | CA$24.63 Million | CA$3.72 Million | ▲ +3.5 pp |
| 2013 | 10.1% | CA$17.30 Million | CA$171.40 Million | CA$20.07 Million | CA$2.77 Million | ▲ +3.2 pp |
| 2012 | 6.9% | CA$10.24 Million | CA$148.80 Million | CA$11.70 Million | CA$1.46 Million | ▲ +2.0 pp |
| 2011 | 4.9% | CA$9.51 Million | CA$195.14 Million | CA$12.98 Million | CA$3.47 Million | ▲ +3.4 pp |
| 2010 | 1.5% | CA$4.00 Million | CA$263.55 Million | CA$7.34 Million | CA$3.34 Million | ▼ -2.5 pp |
| 2009 | 4.0% | CA$10.88 Million | CA$270.02 Million | CA$16.66 Million | CA$5.78 Million | ▼ -5.3 pp |
| 2008 | 9.3% | CA$25.30 Million | CA$271.68 Million | CA$51.88 Million | CA$26.58 Million | ▲ +12.6 pp |
| 2007 | -3.3% | CA$-6.61 Million | CA$200.42 Million | CA$24.85 Million | CA$31.46 Million | ▼ -22.2 pp |
| 2006 | 18.9% | CA$24.82 Million | CA$131.47 Million | CA$40.28 Million | CA$15.46 Million | ▼ -31.2 pp |
| 2005 | 50.1% | CA$29.06 Million | CA$58.03 Million | CA$33.60 Million | CA$4.54 Million | ▲ +44.1 pp |
| 2004 | 5.9% | CA$1.01 Million | CA$16.93 Million | CA$1.79 Million | CA$779.64K | ▲ +2.8 pp |
| 2003 | 3.2% | CA$396.37K | CA$12.42 Million | CA$1.26 Million | CA$861.67K | ▼ -11.8 pp |
| 2002 | 15.0% | CA$1.88 Million | CA$12.57 Million | CA$4.64 Million | CA$2.76 Million | ▼ -12.3 pp |
| 2001 | 27.2% | CA$3.93 Million | CA$14.44 Million | CA$5.22 Million | CA$1.28 Million | ▲ +18.2 pp |
| 2000 | 9.0% | CA$335.72K | CA$3.71 Million | CA$472.47K | CA$136.75K | ▼ -22.3 pp |
| 1999 | 31.3% | CA$2.45 Million | CA$7.81 Million | CA$2.87 Million | CA$422.94K | ▼ -1.7 pp |
| 1998 | 33.0% | CA$2.55 Million | CA$7.72 Million | CA$3.86 Million | CA$1.31 Million | ▼ -9.1 pp |
| 1997 | 42.1% | CA$1.92 Million | CA$4.56 Million | CA$2.64 Million | CA$716.90K | — |