Black Spruce Exploration Inc. (BARK) — Working Capital to Net Assets Ratio
Black Spruce Exploration Inc. (BARK) has a Working Capital to Net Assets ratio of 101.8% as of March 2026. Working capital of CA$-2.80 Million (current assets of CA$83.51K minus current liabilities of CA$2.88 Million) is measured against net assets of CA$-2.75 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BARK FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Black Spruce Exploration Inc. Working Capital to Net Assets (2022–2024)
This chart shows how Black Spruce Exploration Inc.'s Working Capital to Net Assets ratio has evolved across 3 annual periods from 2022 to 2024. As of March 2026, the ratio stands at 101.8%, reflecting working capital of CA$-2.80 Million against net assets of CA$-2.75 Million CAD. See defensive interval ratio of Black Spruce Exploration Inc. to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Black Spruce Exploration Inc. (2022–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Black Spruce Exploration Inc. from 2022 to 2024, covering 3 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 Black Spruce Exploration Inc. (BARK) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -22.9% | CA$-2.25 Million | CA$9.85 Million | CA$324.37K | CA$2.58 Million | ▼ -6.8 pp |
| 2023 | -16.1% | CA$-825.08K | CA$5.14 Million | CA$118.14K | CA$943.23K | ▲ +21.3 pp |
| 2022 | -37.4% | CA$-662.35K | CA$1.77 Million | CA$50.32K | CA$712.67K | — |