Spartan Delta Corp Working Capital to Net Assets Ratio
Spartan Delta Corp working capital to net assets ratio. Spartan Delta Corp (SDE) has a Working Capital to Net Assets ratio of -28.0% as of March 2026. Working capital of CA$-180.28 Million (current assets of CA$252.63 Million minus current liabilities of CA$432.92 Million) is measured against net assets of CA$643.17 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Spartan Delta Corp (2006–2025)
Working capital to net assets ratio of Spartan Delta Corp from 2006 to 2025. This chart shows how Spartan Delta Corp's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of March 2026, the ratio stands at -28.0%, reflecting working capital of CA$-180.28 Million against net assets of CA$643.17 Million CAD. See Spartan Delta Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Spartan Delta Corp Working Capital to Net Assets Ratio by Year (2006–2025)
Spartan Delta Corp working capital to net assets ratio by year from 2006 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Spartan Delta Corp from 2006 to 2025, covering 20 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see SDE total asset value.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.6% | CA$-36.63 Million | CA$648.63 Million | CA$240.60 Million | CA$277.24 Million | ▲ +1.0 pp |
| 2024 | -6.6% | CA$-31.25 Million | CA$471.43 Million | CA$211.12 Million | CA$242.37 Million | ▼ 0.0 pp |
| 2023 | -6.6% | CA$-28.40 Million | CA$429.72 Million | CA$221.85 Million | CA$250.25 Million | ▼ -8.6 pp |
| 2022 | 2.0% | CA$30.38 Million | CA$1.52 Billion | CA$309.01 Million | CA$278.63 Million | ▲ +17.1 pp |
| 2021 | -15.0% | CA$-133.42 Million | CA$886.65 Million | CA$110.16 Million | CA$243.57 Million | ▲ +0.4 pp |
| 2020 | -15.4% | CA$-21.21 Million | CA$137.54 Million | CA$24.69 Million | CA$45.90 Million | ▼ -107.2 pp |
| 2019 | 91.8% | CA$23.54 Million | CA$25.64 Million | CA$24.93 Million | CA$1.39 Million | ▲ +65.0 pp |
| 2018 | 26.8% | CA$814.94K | CA$3.04 Million | CA$1.30 Million | CA$487.52K | ▼ -59.6 pp |
| 2017 | 86.4% | CA$5.07 Million | CA$5.87 Million | CA$6.19 Million | CA$1.12 Million | ▼ -36.0 pp |
| 2016 | 122.4% | CA$1.13 Million | CA$920.26K | CA$1.81 Million | CA$686.41K | ▲ +72.5 pp |
| 2015 | 49.9% | CA$-41.15K | CA$-82.55K | CA$307.82K | CA$348.97K | ▼ -40.4 pp |
| 2014 | 90.3% | CA$443.21K | CA$490.95K | CA$1.12 Million | CA$676.72K | ▲ +59.6 pp |
| 2013 | 30.7% | CA$1.56 Million | CA$5.09 Million | CA$2.61 Million | CA$1.05 Million | ▲ +0.3 pp |
| 2012 | 30.4% | CA$1.12 Million | CA$3.68 Million | CA$1.65 Million | CA$536.28K | ▼ -18.3 pp |
| 2011 | 48.7% | CA$1.96 Million | CA$4.03 Million | CA$2.56 Million | CA$595.99K | ▲ +28.8 pp |
| 2010 | 19.9% | CA$1.35 Million | CA$6.79 Million | CA$2.24 Million | CA$883.83K | ▼ -28.9 pp |
| 2009 | 48.9% | CA$4.64 Million | CA$9.50 Million | CA$5.50 Million | CA$854.84K | ▲ +18.6 pp |
| 2008 | 30.3% | CA$3.62 Million | CA$11.97 Million | CA$4.66 Million | CA$1.03 Million | ▲ +6.2 pp |
| 2007 | 24.1% | CA$4.18 Million | CA$17.37 Million | CA$4.60 Million | CA$419.77K | ▼ -27.1 pp |
| 2006 | 51.1% | CA$7.32 Million | CA$14.30 Million | CA$7.60 Million | CA$283.83K | — |