Altima Resources Ltd (ARH) — Working Capital to Net Assets Ratio
Altima Resources Ltd (ARH) has a Working Capital to Net Assets ratio of 105.7% as of November 2024. Working capital of CA$-11.16 Million (current assets of CA$2.17 Million minus current liabilities of CA$13.33 Million) is measured against net assets of CA$-10.56 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Altima Resources Ltd to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Altima Resources Ltd Working Capital to Net Assets (2013–2023)
This chart shows how Altima Resources Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2013 to 2023. As of November 2024, the ratio stands at 105.7%, reflecting working capital of CA$-11.16 Million against net assets of CA$-10.56 Million CAD. Check Altima Resources Ltd (ARH) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Altima Resources Ltd (2013–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Altima Resources Ltd from 2013 to 2023, covering 11 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 market cap of Altima Resources Ltd.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 111.4% | CA$-10.95 Million | CA$-9.83 Million | CA$1.07 Million | CA$12.02 Million | ▼ -9.5 pp |
| 2022 | 120.9% | CA$-9.63 Million | CA$-7.96 Million | CA$582.90K | CA$10.21 Million | ▲ +36.3 pp |
| 2021 | 84.6% | CA$-7.17 Million | CA$-8.47 Million | CA$1.19 Million | CA$8.36 Million | ▼ -89.2 pp |
| 2020 | 173.9% | CA$-6.50 Million | CA$-3.74 Million | CA$880.55K | CA$7.38 Million | ▲ +76.1 pp |
| 2019 | 97.7% | CA$-3.39 Million | CA$-3.47 Million | CA$35.81K | CA$3.43 Million | ▼ -12.2 pp |
| 2018 | 109.9% | CA$-2.63 Million | CA$-2.40 Million | CA$47.13K | CA$2.68 Million | ▼ -52.4 pp |
| 2017 | 162.3% | CA$-6.99 Million | CA$-4.31 Million | CA$77.17K | CA$7.07 Million | ▲ +34.1 pp |
| 2016 | 128.2% | CA$-10.90 Million | CA$-8.50 Million | CA$31.13K | CA$10.93 Million | ▲ +220.6 pp |
| 2015 | -92.4% | CA$-7.03 Million | CA$7.61 Million | CA$1.37 Million | CA$8.40 Million | ▼ -54.4 pp |
| 2014 | -38.0% | CA$-7.05 Million | CA$18.57 Million | CA$3.57 Million | CA$10.62 Million | ▼ -33.0 pp |
| 2013 | -5.0% | CA$-973.30K | CA$19.56 Million | CA$1.54 Million | CA$2.51 Million | — |