Northern Dynasty Minerals Ltd (NDM) — Working Capital to Net Assets Ratio
Northern Dynasty Minerals Ltd (NDM) has a Working Capital to Net Assets ratio of -34.8% as of September 2025. Working capital of CA$-21.00 Million (current assets of CA$45.50 Million minus current liabilities of CA$66.49 Million) is measured against net assets of CA$60.40 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Northern Dynasty Minerals Ltd (NDM) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northern Dynasty Minerals Ltd Working Capital to Net Assets (2001–2024)
This chart shows how Northern Dynasty Minerals Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of September 2025, the ratio stands at -34.8%, reflecting working capital of CA$-21.00 Million against net assets of CA$60.40 Million CAD. See Northern Dynasty Minerals Ltd (NDM) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Northern Dynasty Minerals Ltd (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northern Dynasty Minerals Ltd from 2001 to 2024, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Northern Dynasty Minerals Ltd (NDM) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -22.0% | CA$-21.36 Million | CA$97.20 Million | CA$18.05 Million | CA$39.41 Million | ▼ -22.7 pp |
| 2023 | 0.7% | CA$899.00K | CA$123.28 Million | CA$21.12 Million | CA$20.23 Million | ▼ -9.6 pp |
| 2022 | 10.3% | CA$14.77 Million | CA$142.69 Million | CA$16.84 Million | CA$2.07 Million | ▼ -3.6 pp |
| 2021 | 14.0% | CA$21.73 Million | CA$155.49 Million | CA$24.16 Million | CA$2.42 Million | ▼ -7.2 pp |
| 2020 | 21.2% | CA$36.53 Million | CA$172.31 Million | CA$43.94 Million | CA$7.41 Million | ▲ +21.4 pp |
| 2019 | -0.2% | CA$-233.00K | CA$138.50 Million | CA$14.95 Million | CA$15.19 Million | ▼ -6.7 pp |
| 2018 | 6.6% | CA$9.74 Million | CA$148.21 Million | CA$16.26 Million | CA$6.52 Million | ▼ -34.8 pp |
| 2017 | 41.3% | CA$56.83 Million | CA$137.50 Million | CA$68.15 Million | CA$11.32 Million | ▲ +37.0 pp |
| 2016 | 4.3% | CA$6.38 Million | CA$148.85 Million | CA$7.88 Million | CA$1.50 Million | ▼ -0.8 pp |
| 2015 | 5.1% | CA$7.89 Million | CA$154.98 Million | CA$10.62 Million | CA$2.72 Million | ▲ +0.5 pp |
| 2014 | 4.6% | CA$5.87 Million | CA$127.96 Million | CA$11.90 Million | CA$6.03 Million | ▼ -17.6 pp |
| 2013 | 22.2% | CA$29.68 Million | CA$133.93 Million | CA$33.73 Million | CA$4.05 Million | ▼ -2.8 pp |
| 2012 | 24.9% | CA$32.13 Million | CA$128.89 Million | CA$32.54 Million | CA$409.00K | ▼ -5.1 pp |
| 2011 | 30.0% | CA$42.47 Million | CA$141.36 Million | CA$42.64 Million | CA$170.00K | ▼ -0.9 pp |
| 2010 | 30.9% | CA$43.33 Million | CA$140.06 Million | CA$43.89 Million | CA$554.00K | ▲ +0.2 pp |
| 2009 | 30.8% | CA$44.94 Million | CA$146.07 Million | CA$45.13 Million | CA$193.00K | ▲ +160.8 pp |
| 2008 | -130.0% | CA$46.97 Million | CA$-36.12 Million | CA$60.31 Million | CA$13.34 Million | ▼ -153.3 pp |
| 2007 | 23.3% | CA$33.75 Million | CA$144.86 Million | CA$41.38 Million | CA$7.63 Million | ▼ -22.4 pp |
| 2006 | 45.7% | CA$90.27 Million | CA$197.53 Million | CA$98.11 Million | CA$7.84 Million | ▲ +6.5 pp |
| 2005 | 39.2% | CA$11.02 Million | CA$28.14 Million | CA$14.18 Million | CA$3.16 Million | ▼ -6.5 pp |
| 2004 | 45.6% | CA$10.23 Million | CA$22.42 Million | CA$13.25 Million | CA$3.03 Million | ▼ -54.0 pp |
| 2003 | 99.6% | CA$3.24 Million | CA$3.25 Million | CA$3.67 Million | CA$429.72K | ▲ +0.2 pp |
| 2002 | 99.4% | CA$496.05K | CA$498.86K | CA$682.34K | CA$186.29K | ▼ -0.4 pp |
| 2001 | 99.8% | CA$1.82 Million | CA$1.82 Million | CA$2.58 Million | CA$768.54K | — |