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 104.4% as of December 2025. Working capital of CA$-2.84 Million (current assets of CA$135.42K minus current liabilities of CA$2.98 Million) is measured against net assets of CA$-2.72 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Read BARK total liabilities for a breakdown of total debt and financial obligations.
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 December 2025, the ratio stands at 104.4%, reflecting working capital of CA$-2.84 Million against net assets of CA$-2.72 Million CAD. See BARK free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
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. stock valuation.
| 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 | — |