Kelt Exploration Ltd. (KEL) — Working Capital to Net Assets Ratio
Kelt Exploration Ltd. (KEL) has a Working Capital to Net Assets ratio of -2.7% as of September 2025. Working capital of CA$-30.66 Million (current assets of CA$67.95 Million minus current liabilities of CA$98.61 Million) is measured against net assets of CA$1.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See KEL days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Kelt Exploration Ltd. Working Capital to Net Assets (2012–2024)
This chart shows how Kelt Exploration Ltd.'s Working Capital to Net Assets ratio has evolved across 13 annual periods from 2012 to 2024. As of September 2025, the ratio stands at -2.7%, reflecting working capital of CA$-30.66 Million against net assets of CA$1.12 Billion CAD. For the complete balance sheet picture, see KEL total assets.
Annual Working Capital to Net Assets for Kelt Exploration Ltd. (2012–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Kelt Exploration Ltd. from 2012 to 2024, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check how resilient are Kelt Exploration Ltd.'s assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -2.1% | CA$-22.32 Million | CA$1.06 Billion | CA$71.28 Million | CA$93.61 Million | ▼ -0.6 pp |
| 2023 | -1.5% | CA$-15.09 Million | CA$1.00 Billion | CA$76.15 Million | CA$91.24 Million | ▼ -4.2 pp |
| 2022 | 2.7% | CA$24.16 Million | CA$901.42 Million | CA$111.55 Million | CA$87.39 Million | ▲ +6.3 pp |
| 2021 | -3.6% | CA$-25.85 Million | CA$722.72 Million | CA$50.72 Million | CA$76.57 Million | ▼ -7.9 pp |
| 2020 | 4.4% | CA$26.26 Million | CA$603.68 Million | CA$66.89 Million | CA$40.63 Million | ▲ +7.4 pp |
| 2019 | -3.0% | CA$-28.08 Million | CA$923.06 Million | CA$55.56 Million | CA$83.64 Million | ▲ +0.0 pp |
| 2018 | -3.1% | CA$-27.54 Million | CA$893.80 Million | CA$57.55 Million | CA$85.08 Million | ▲ +2.3 pp |
| 2017 | -5.4% | CA$-45.26 Million | CA$845.70 Million | CA$45.15 Million | CA$90.41 Million | ▼ -14.7 pp |
| 2016 | 9.4% | CA$79.11 Million | CA$843.30 Million | CA$137.62 Million | CA$58.51 Million | ▲ +13.5 pp |
| 2015 | -4.1% | CA$-34.52 Million | CA$847.62 Million | CA$30.27 Million | CA$64.79 Million | ▲ +5.2 pp |
| 2014 | -9.3% | CA$-57.50 Million | CA$619.64 Million | CA$40.73 Million | CA$98.23 Million | ▼ -14.5 pp |
| 2013 | 5.2% | CA$20.50 Million | CA$392.87 Million | CA$65.97 Million | CA$45.47 Million | ▲ +1252.9 pp |
| 2012 | -1247.7% | CA$-97.07 Million | CA$7.78 Million | CA$3.62 Million | CA$100.69 Million | — |