TRX Gold Corporation (TNX) — Working Capital to Net Assets Ratio
TRX Gold Corporation (TNX) has a Working Capital to Net Assets ratio of -3.2% as of November 2023. Working capital of CA$-1.97 Million (current assets of CA$17.18 Million minus current liabilities of CA$19.15 Million) is measured against net assets of CA$61.53 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TRX Gold Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TRX Gold Corporation Working Capital to Net Assets (1998–2023)
This chart shows how TRX Gold Corporation's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1998 to 2023. As of November 2023, the ratio stands at -3.2%, reflecting working capital of CA$-1.97 Million against net assets of CA$61.53 Million CAD. See TNX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for TRX Gold Corporation (1998–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for TRX Gold Corporation from 1998 to 2023, covering 26 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see TNX market cap overview.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -1.0% | CA$-617.00K | CA$61.06 Million | CA$17.19 Million | CA$17.81 Million | ▲ +1.7 pp |
| 2022 | -2.7% | CA$-1.40 Million | CA$51.16 Million | CA$15.85 Million | CA$17.25 Million | ▼ -20.0 pp |
| 2021 | 17.2% | CA$8.01 Million | CA$46.42 Million | CA$15.42 Million | CA$7.41 Million | ▲ +38.1 pp |
| 2020 | -20.9% | CA$-5.18 Million | CA$24.83 Million | CA$5.39 Million | CA$10.57 Million | ▲ +25.4 pp |
| 2019 | -46.3% | CA$-6.81 Million | CA$14.71 Million | CA$3.09 Million | CA$9.90 Million | ▼ -11.3 pp |
| 2018 | -35.0% | CA$-9.25 Million | CA$26.43 Million | CA$1.02 Million | CA$10.27 Million | ▼ -16.9 pp |
| 2017 | -18.1% | CA$-5.19 Million | CA$28.72 Million | CA$1.52 Million | CA$6.71 Million | ▲ +15.6 pp |
| 2016 | -33.7% | CA$-11.84 Million | CA$35.16 Million | CA$1.03 Million | CA$12.87 Million | ▼ -23.5 pp |
| 2015 | -10.2% | CA$-3.54 Million | CA$34.79 Million | CA$1.17 Million | CA$4.71 Million | ▼ -12.7 pp |
| 2014 | 2.6% | CA$1.22 Million | CA$47.37 Million | CA$2.40 Million | CA$1.19 Million | ▼ -7.8 pp |
| 2013 | 10.4% | CA$5.14 Million | CA$49.63 Million | CA$10.71 Million | CA$5.57 Million | ▼ -25.4 pp |
| 2012 | 35.8% | CA$18.29 Million | CA$51.11 Million | CA$20.63 Million | CA$2.33 Million | ▼ -12.8 pp |
| 2011 | 48.6% | CA$31.11 Million | CA$64.03 Million | CA$33.63 Million | CA$2.52 Million | ▲ +44.9 pp |
| 2010 | 3.7% | CA$1.05 Million | CA$28.59 Million | CA$1.64 Million | CA$585.43K | ▲ +0.4 pp |
| 2009 | 3.3% | CA$861.19K | CA$26.11 Million | CA$1.49 Million | CA$624.67K | ▼ -1.5 pp |
| 2008 | 4.8% | CA$1.19 Million | CA$24.83 Million | CA$1.70 Million | CA$514.36K | ▼ -1.5 pp |
| 2007 | 6.2% | CA$1.46 Million | CA$23.42 Million | CA$2.03 Million | CA$570.84K | ▼ -5.5 pp |
| 2006 | 11.7% | CA$2.57 Million | CA$21.87 Million | CA$3.10 Million | CA$537.30K | ▲ +5.4 pp |
| 2005 | 6.3% | CA$1.17 Million | CA$18.42 Million | CA$1.34 Million | CA$174.65K | ▼ -2.7 pp |
| 2004 | 9.0% | CA$1.46 Million | CA$16.22 Million | CA$1.57 Million | CA$111.73K | ▼ -1.3 pp |
| 2003 | 10.3% | CA$1.51 Million | CA$14.68 Million | CA$1.84 Million | CA$331.57K | ▲ +0.5 pp |
| 2002 | 9.8% | CA$1.23 Million | CA$12.58 Million | CA$1.37 Million | CA$140.52K | ▼ -8.6 pp |
| 2001 | 18.4% | CA$1.41 Million | CA$7.66 Million | CA$1.78 Million | CA$364.50K | ▲ +6.3 pp |
| 2000 | 12.1% | CA$698.34K | CA$5.79 Million | CA$1.04 Million | CA$345.41K | ▲ +9.6 pp |
| 1999 | 2.5% | CA$139.30K | CA$5.64 Million | CA$342.48K | CA$203.18K | ▼ -10.5 pp |
| 1998 | 13.0% | CA$876.79K | CA$6.76 Million | CA$930.11K | CA$53.31K | — |