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$61.53 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TNX net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TRX Gold Corporation Working Capital to Net Assets (1998–2023)
This chart shows how TRX Gold Corporation's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1998 to 2023. As of November 2023, the ratio stands at -3.2%, reflecting working capital of CA$-1.97 Million against net assets of CA$61.53 Million CAD. Check TRX Gold Corporation (TNX) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TRX Gold Corporation (1998–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for TRX Gold Corporation from 1998 to 2023, covering 26 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see TNX stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -1.0% | CA$-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 | — |