Bitcoin Fund Unit Working Capital to Net Assets Ratio
Bitcoin Fund Unit working capital to net assets ratio. Bitcoin Fund Unit (QBTC) has a Working Capital to Net Assets ratio of 73.1% as of June 2024. Working capital of CA$326.34 Million (current assets of CA$327.14 Million minus current liabilities of CA$797.26K) is measured against net assets of CA$446.55 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check QBTC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Bitcoin Fund Unit (2020–2023)
Working capital to net assets ratio of Bitcoin Fund Unit from 2020 to 2023. This chart shows how Bitcoin Fund Unit's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2020 to 2023. As of June 2024, the ratio stands at 73.1%, reflecting working capital of CA$326.34 Million against net assets of CA$446.55 Million CAD. See QBTC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Bitcoin Fund Unit Working Capital to Net Assets Ratio by Year (2020–2023)
Bitcoin Fund Unit working capital to net assets ratio by year from 2020 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Bitcoin Fund Unit from 2020 to 2023, covering 4 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 the complete balance sheet picture, see QBTC total assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 75.8% | CA$282.40 Million | CA$372.37 Million | CA$282.99 Million | CA$588.33K | ▼ -24.2 pp |
| 2022 | 100.1% | CA$188.94 Million | CA$188.82 Million | CA$189.28 Million | CA$343.97K | ▲ +0.0 pp |
| 2021 | 100.1% | CA$741.34 Million | CA$740.95 Million | CA$742.81 Million | CA$1.47 Million | ▼ -0.1 pp |
| 2020 | 100.2% | CA$673.83 Million | CA$672.76 Million | CA$686.57 Million | CA$12.74 Million | — |