Steppe Gold Ltd (STGO) — Working Capital to Net Assets Ratio
Steppe Gold Ltd (STGO) has a Working Capital to Net Assets ratio of 65.5% as of March 2026. Working capital of CA$105.76 Million (current assets of CA$230.15 Million minus current liabilities of CA$124.39 Million) is measured against net assets of CA$161.51 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Steppe Gold Ltd financial 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
Steppe Gold Ltd Working Capital to Net Assets (2016–2025)
This chart shows how Steppe Gold Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at 65.5%, reflecting working capital of CA$105.76 Million against net assets of CA$161.51 Million CAD. See defensive interval ratio of Steppe Gold Ltd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Steppe Gold Ltd (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Steppe Gold Ltd from 2016 to 2025, covering 10 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 Steppe Gold Ltd (STGO) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 75.2% | CA$107.34 Million | CA$142.82 Million | CA$217.22 Million | CA$109.89 Million | ▼ -62.1 pp |
| 2024 | 137.2% | CA$151.02 Million | CA$110.06 Million | CA$215.80 Million | CA$64.77 Million | ▲ +81.6 pp |
| 2023 | 55.6% | CA$26.68 Million | CA$48.00 Million | CA$53.96 Million | CA$27.28 Million | ▲ +87.8 pp |
| 2022 | -32.2% | CA$-5.54 Million | CA$17.22 Million | CA$29.58 Million | CA$35.12 Million | ▲ +547.9 pp |
| 2021 | -580.1% | CA$-40.70 Million | CA$7.01 Million | CA$32.25 Million | CA$72.94 Million | ▼ -612.0 pp |
| 2020 | 31.9% | CA$13.19 Million | CA$41.33 Million | CA$33.40 Million | CA$20.21 Million | ▲ +141.9 pp |
| 2019 | -110.0% | CA$-12.17 Million | CA$11.07 Million | CA$10.18 Million | CA$22.35 Million | ▼ -127.5 pp |
| 2018 | 17.6% | CA$2.92 Million | CA$16.61 Million | CA$9.43 Million | CA$6.51 Million | ▲ +61.6 pp |
| 2017 | -44.0% | CA$-1.58 Million | CA$3.59 Million | CA$4.09 Million | CA$5.67 Million | ▼ -144.0 pp |
| 2016 | 100.0% | CA$114.35K | CA$114.35K | CA$288.59K | CA$174.24K | — |