Bitcoin Fund Unit (QBTC) — 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. See QBTC days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bitcoin Fund Unit Working Capital to Net Assets (2020–2023)
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. For the complete balance sheet picture, see balance sheet size of Bitcoin Fund Unit.
Annual Working Capital to Net Assets for Bitcoin Fund Unit (2020–2023)
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. Check QBTC asset liquidity 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) |
|---|---|---|---|---|---|---|
| 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 | — |