AXMIN Inc. Working Capital to Net Assets Ratio
AXMIN Inc. working capital to net assets ratio. AXMIN Inc. (AXM) has a Working Capital to Net Assets ratio of 107.1% as of September 2023. Working capital of CA$-893.99K (current assets of CA$14.61K minus current liabilities of CA$908.61K) is measured against net assets of CA$-834.75K. A higher ratio indicates strong short-term liquidity financed by the equity base. Check AXMIN Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of AXMIN Inc. (2013–2022)
Working capital to net assets ratio of AXMIN Inc. from 2013 to 2022. This chart shows how AXMIN Inc.'s Working Capital to Net Assets ratio has evolved across 10 annual periods from 2013 to 2022. As of September 2023, the ratio stands at 107.1%, reflecting working capital of CA$-893.99K against net assets of CA$-834.75K CAD. See AXM days of operational coverage to measure how many days the company can operate on defensive assets alone.
AXMIN Inc. Working Capital to Net Assets Ratio by Year (2013–2022)
AXMIN Inc. working capital to net assets ratio by year from 2013 to 2022. The table below presents the year-by-year Working Capital to Net Assets ratio for AXMIN Inc. from 2013 to 2022, 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 the complete balance sheet picture, see total assets of AXMIN Inc..
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 115.1% | CA$-601.13K | CA$-522.41K | CA$20.77K | CA$621.90K | ▼ -27.5 pp |
| 2021 | 142.6% | CA$-374.20K | CA$-262.50K | CA$247.09K | CA$621.29K | ▲ +99.0 pp |
| 2020 | 43.5% | CA$118.79K | CA$272.84K | CA$680.01K | CA$561.22K | ▼ -37.5 pp |
| 2019 | 81.0% | CA$761.35K | CA$939.56K | CA$1.30 Million | CA$541.10K | ▼ -19.0 pp |
| 2018 | 100.0% | CA$935.82K | CA$935.82K | CA$1.38 Million | CA$444.78K | ▲ +0.0 pp |
| 2017 | 100.0% | CA$-1.22 Million | CA$-1.22 Million | CA$1.74 Million | CA$2.95 Million | ▲ +0.0 pp |
| 2016 | 100.0% | CA$-2.44 Million | CA$-2.44 Million | CA$516.12K | CA$2.95 Million | ▲ +0.0 pp |
| 2015 | 100.0% | CA$-2.17 Million | CA$-2.17 Million | CA$347.50K | CA$2.52 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$-2.73 Million | CA$-2.73 Million | CA$61.39K | CA$2.79 Million | ▼ -3.1 pp |
| 2013 | 103.1% | CA$-2.13 Million | CA$-2.07 Million | CA$504.81K | CA$2.64 Million | — |