Spartan Delta Corp (SDE) — 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$643.17 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Spartan Delta Corp's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spartan Delta Corp Working Capital to Net Assets (2006–2025)
This chart shows how Spartan Delta Corp's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of March 2026, the ratio stands at -28.0%, reflecting working capital of CA$-180.28 Million against net assets of CA$643.17 Million CAD. Check Spartan Delta Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Spartan Delta Corp (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spartan Delta Corp from 2006 to 2025, covering 20 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Spartan Delta Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.6% | CA$-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 | — |