Mandalay Resources Corp (MND) — Working Capital to Net Assets Ratio
Mandalay Resources Corp (MND) has a Working Capital to Net Assets ratio of 32.5% as of March 2025. Working capital of CA$83.37 Million (current assets of CA$146.33 Million minus current liabilities of CA$62.96 Million) is measured against net assets of CA$256.73 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mandalay Resources Corp net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mandalay Resources Corp Working Capital to Net Assets (1999–2024)
This chart shows how Mandalay Resources Corp's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1999 to 2024. As of March 2025, the ratio stands at 32.5%, reflecting working capital of CA$83.37 Million against net assets of CA$256.73 Million CAD. Check how tangible is Mandalay Resources Corp's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Mandalay Resources Corp (1999–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mandalay Resources Corp from 1999 to 2024, covering 26 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 live market cap and the full company profile, see Mandalay Resources Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 30.6% | CA$70.22 Million | CA$229.27 Million | CA$122.84 Million | CA$52.63 Million | ▲ +6.3 pp |
| 2023 | 24.3% | CA$47.93 Million | CA$196.93 Million | CA$79.83 Million | CA$31.91 Million | ▼ -1.2 pp |
| 2022 | 25.6% | CA$47.06 Million | CA$184.15 Million | CA$84.28 Million | CA$37.23 Million | ▲ +5.2 pp |
| 2021 | 20.3% | CA$35.93 Million | CA$176.69 Million | CA$114.33 Million | CA$78.41 Million | ▲ +12.0 pp |
| 2020 | 8.3% | CA$11.33 Million | CA$135.78 Million | CA$85.61 Million | CA$74.28 Million | ▲ +46.3 pp |
| 2019 | -37.9% | CA$-42.37 Million | CA$111.75 Million | CA$61.63 Million | CA$104.00 Million | ▲ +13.3 pp |
| 2018 | -51.2% | CA$-49.19 Million | CA$96.14 Million | CA$38.90 Million | CA$88.09 Million | ▼ -57.7 pp |
| 2017 | 6.5% | CA$10.75 Million | CA$165.54 Million | CA$71.22 Million | CA$60.47 Million | ▼ -15.1 pp |
| 2016 | 21.6% | CA$43.79 Million | CA$203.04 Million | CA$153.44 Million | CA$109.66 Million | ▲ +12.1 pp |
| 2015 | 9.5% | CA$19.76 Million | CA$207.69 Million | CA$102.00 Million | CA$82.24 Million | ▼ -1.9 pp |
| 2014 | 11.4% | CA$24.94 Million | CA$218.78 Million | CA$111.00 Million | CA$86.06 Million | ▼ -19.3 pp |
| 2013 | 30.7% | CA$47.21 Million | CA$153.58 Million | CA$72.06 Million | CA$24.85 Million | ▲ +3.8 pp |
| 2012 | 26.9% | CA$38.48 Million | CA$143.08 Million | CA$61.20 Million | CA$22.72 Million | ▼ -1.6 pp |
| 2011 | 28.5% | CA$28.18 Million | CA$98.97 Million | CA$52.91 Million | CA$24.73 Million | ▼ -5.8 pp |
| 2010 | 34.2% | CA$21.32 Million | CA$62.29 Million | CA$35.04 Million | CA$13.72 Million | ▲ +30.8 pp |
| 2009 | 3.4% | CA$1.13 Million | CA$33.36 Million | CA$6.54 Million | CA$5.41 Million | ▲ +19.0 pp |
| 2008 | -15.6% | CA$-762.80K | CA$4.90 Million | CA$76.37K | CA$839.17K | ▼ -13.4 pp |
| 2007 | -2.2% | CA$-136.14K | CA$6.28 Million | CA$168.84K | CA$304.98K | ▼ -29.0 pp |
| 2006 | 26.8% | CA$1.16 Million | CA$4.34 Million | CA$1.31 Million | CA$145.21K | ▲ +30.9 pp |
| 2005 | -4.1% | CA$-75.29K | CA$1.85 Million | CA$13.27K | CA$88.55K | ▲ +29.2 pp |
| 2004 | -33.3% | CA$-233.96K | CA$702.69K | CA$12.37K | CA$246.33K | ▼ -32.2 pp |
| 2003 | -1.1% | CA$-11.76K | CA$1.04 Million | CA$60.98K | CA$72.74K | ▲ +13.0 pp |
| 2002 | -14.1% | CA$-45.99K | CA$326.16K | CA$24.64K | CA$70.63K | ▼ -13.6 pp |
| 2001 | -0.5% | CA$-1.52K | CA$306.44K | CA$28.41K | CA$29.93K | ▲ +72.0 pp |
| 2000 | -72.5% | CA$-55.20K | CA$76.17K | CA$15.53K | CA$70.73K | ▼ -56.9 pp |
| 1999 | -15.6% | CA$-13.18K | CA$84.56K | CA$896.90 | CA$14.08K | — |