MDA Ltd (MDA) — Working Capital to Net Assets Ratio
MDA Ltd (MDA) has a Working Capital to Net Assets ratio of -14.5% as of March 2026. Working capital of CA$-268.00 Million (current assets of CA$1.04 Billion minus current liabilities of CA$1.31 Billion) is measured against net assets of CA$1.85 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MDA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MDA Ltd Working Capital to Net Assets (2020–2025)
This chart shows how MDA Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at -14.5%, reflecting working capital of CA$-268.00 Million against net assets of CA$1.85 Billion CAD. For the complete balance sheet picture, see MDA Ltd asset portfolio.
Annual Working Capital to Net Assets for MDA Ltd (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MDA Ltd from 2020 to 2025, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check MDA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -51.9% | CA$-703.30 Million | CA$1.35 Billion | CA$614.50 Million | CA$1.32 Billion | ▼ -12.4 pp |
| 2024 | -39.5% | CA$-464.50 Million | CA$1.18 Billion | CA$626.50 Million | CA$1.09 Billion | ▼ -47.3 pp |
| 2023 | 7.8% | CA$83.40 Million | CA$1.06 Billion | CA$456.60 Million | CA$373.20 Million | ▲ +1.9 pp |
| 2022 | 6.0% | CA$59.60 Million | CA$1.00 Billion | CA$378.20 Million | CA$318.60 Million | ▼ -1.1 pp |
| 2021 | 7.1% | CA$67.90 Million | CA$961.70 Million | CA$293.80 Million | CA$225.90 Million | ▼ -11.6 pp |
| 2020 | 18.6% | CA$85.30 Million | CA$457.40 Million | CA$327.70 Million | CA$242.40 Million | — |