McEwen Mining Inc. (MUX) — Working Capital to Net Assets Ratio
McEwen Mining Inc. (MUX) has a Working Capital to Net Assets ratio of 2.0% as of March 2026. Working capital of CA$13.12 Million (current assets of CA$109.54 Million minus current liabilities of CA$96.42 Million) is measured against net assets of CA$650.28 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MUX financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
McEwen Mining Inc. Working Capital to Net Assets (1985–2025)
This chart shows how McEwen Mining Inc.'s Working Capital to Net Assets ratio has evolved across 40 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 2.0%, reflecting working capital of CA$13.12 Million against net assets of CA$650.28 Million CAD. See McEwen Mining Inc. (MUX) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for McEwen Mining Inc. (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for McEwen Mining Inc. from 1985 to 2025, covering 40 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 market cap of McEwen Mining Inc..
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 8.1% | CA$44.08 Million | CA$546.24 Million | CA$107.89 Million | CA$63.81 Million | ▲ +9.4 pp |
| 2024 | -1.3% | CA$-6.50 Million | CA$494.98 Million | CA$41.19 Million | CA$47.69 Million | ▼ -5.8 pp |
| 2023 | 4.5% | CA$22.66 Million | CA$502.42 Million | CA$52.66 Million | CA$30.00 Million | ▲ +5.2 pp |
| 2022 | -0.7% | CA$-2.53 Million | CA$356.27 Million | CA$81.65 Million | CA$84.19 Million | ▼ -9.1 pp |
| 2021 | 8.4% | CA$32.63 Million | CA$389.94 Million | CA$85.03 Million | CA$52.40 Million | ▲ +6.2 pp |
| 2020 | 2.2% | CA$7.94 Million | CA$365.33 Million | CA$53.50 Million | CA$45.55 Million | ▼ -6.5 pp |
| 2019 | 8.6% | CA$43.18 Million | CA$499.48 Million | CA$91.98 Million | CA$48.80 Million | ▲ +3.8 pp |
| 2018 | 4.8% | CA$23.36 Million | CA$485.95 Million | CA$59.38 Million | CA$36.01 Million | ▼ -4.6 pp |
| 2017 | 9.4% | CA$49.23 Million | CA$521.27 Million | CA$86.86 Million | CA$37.64 Million | ▼ -3.6 pp |
| 2016 | 13.1% | CA$57.99 Million | CA$443.04 Million | CA$78.57 Million | CA$20.58 Million | ▲ +5.3 pp |
| 2015 | 7.7% | CA$32.40 Million | CA$418.29 Million | CA$54.44 Million | CA$22.04 Million | ▲ +4.2 pp |
| 2014 | 3.5% | CA$15.62 Million | CA$441.21 Million | CA$39.70 Million | CA$24.08 Million | ▼ -1.2 pp |
| 2013 | 4.8% | CA$35.58 Million | CA$746.77 Million | CA$46.77 Million | CA$11.19 Million | ▼ -2.7 pp |
| 2012 | 7.5% | CA$66.72 Million | CA$889.59 Million | CA$91.92 Million | CA$25.20 Million | ▼ -11.5 pp |
| 2011 | 19.0% | CA$41.76 Million | CA$219.30 Million | CA$47.88 Million | CA$6.12 Million | ▲ +11.2 pp |
| 2010 | 7.8% | CA$13.54 Million | CA$173.28 Million | CA$17.22 Million | CA$3.68 Million | ▼ -13.1 pp |
| 2009 | 20.9% | CA$42.52 Million | CA$203.23 Million | CA$44.37 Million | CA$1.85 Million | ▲ +15.3 pp |
| 2008 | 5.6% | CA$10.27 Million | CA$183.19 Million | CA$11.55 Million | CA$1.28 Million | ▼ -4.5 pp |
| 2007 | 10.1% | CA$31.76 Million | CA$313.92 Million | CA$32.74 Million | CA$986.80K | ▼ -81.0 pp |
| 2006 | 91.1% | CA$47.80 Million | CA$52.48 Million | CA$51.21 Million | CA$3.40 Million | ▲ +130.7 pp |
| 2005 | -39.6% | CA$-1.00 Million | CA$2.53 Million | CA$788.67K | CA$1.79 Million | ▼ -89.6 pp |
| 2004 | 50.0% | CA$414.81K | CA$829.96K | CA$449.39K | CA$34.58K | ▼ -3.1 pp |
| 2003 | 53.1% | CA$501.20K | CA$944.77K | CA$581.63K | CA$80.42K | ▲ +117.3 pp |
| 2002 | -64.3% | CA$-429.68K | CA$668.68K | CA$4.44K | CA$434.11K | ▼ -67.8 pp |
| 2001 | 3.5% | CA$43.44K | CA$1.23 Million | CA$72.09K | CA$28.65K | ▼ -15.0 pp |
| 2000 | 18.5% | CA$251.12K | CA$1.36 Million | CA$549.25K | CA$298.13K | ▼ -6.0 pp |
| 1999 | 24.5% | CA$360.42K | CA$1.47 Million | CA$543.48K | CA$183.06K | ▼ -4.5 pp |
| 1998 | 29.0% | CA$442.22K | CA$1.53 Million | CA$641.95K | CA$199.73K | ▲ +4.3 pp |
| 1997 | 24.7% | CA$846.35K | CA$3.43 Million | CA$856.00K | CA$9.65K | ▲ +11.0 pp |
| 1996 | 13.7% | CA$750.09K | CA$5.48 Million | CA$877.13K | CA$127.03K | ▼ -15.6 pp |
| 1995 | 29.3% | CA$1.46 Million | CA$4.99 Million | CA$1.51 Million | CA$46.17K | ▲ +6.6 pp |
| 1994 | 22.7% | CA$1.00 Million | CA$4.40 Million | CA$1.90 Million | CA$900.00K | ▼ -17.7 pp |
| 1993 | 40.5% | CA$1.70 Million | CA$4.20 Million | CA$2.20 Million | CA$500.00K | ▲ +40.5 pp |
| 1991 | 0.0% | CA$0.00 | CA$-27.10 Million | CA$100.00K | CA$100.00K | ▼ -275.8 pp |
| 1990 | 275.8% | CA$-9.10 Million | CA$-3.30 Million | CA$500.00K | CA$9.60 Million | ▲ +388.9 pp |
| 1989 | -113.2% | CA$-20.60 Million | CA$18.20 Million | CA$7.00 Million | CA$27.60 Million | ▼ -167.8 pp |
| 1988 | 54.7% | CA$14.10 Million | CA$25.80 Million | CA$22.20 Million | CA$8.10 Million | ▲ +22.9 pp |
| 1987 | 31.8% | CA$6.70 Million | CA$21.10 Million | CA$7.50 Million | CA$800.00K | ▼ -15.3 pp |
| 1986 | 47.0% | CA$8.70 Million | CA$18.50 Million | CA$9.80 Million | CA$1.10 Million | ▲ +29.6 pp |
| 1985 | 17.4% | CA$1.50 Million | CA$8.60 Million | CA$1.80 Million | CA$300.00K | — |