Bitcoin Well Inc (BTCW) — Working Capital to Net Assets Ratio
Bitcoin Well Inc (BTCW) has a Working Capital to Net Assets ratio of -459.5% as of September 2025. Working capital of CA$15.34 Million (current assets of CA$39.35 Million minus current liabilities of CA$24.01 Million) is measured against net assets of CA$-3.34 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bitcoin Well Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bitcoin Well Inc Working Capital to Net Assets (2019–2024)
This chart shows how Bitcoin Well Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at -459.5%, reflecting working capital of CA$15.34 Million against net assets of CA$-3.34 Million CAD. For the complete balance sheet picture, see total assets of Bitcoin Well Inc.
Annual Working Capital to Net Assets for Bitcoin Well Inc (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bitcoin Well Inc from 2019 to 2024, covering 6 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. Check how resilient are Bitcoin Well Inc's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -123.5% | CA$16.05 Million | CA$-12.99 Million | CA$27.43 Million | CA$11.38 Million | ▼ -50.8 pp |
| 2023 | -72.7% | CA$6.65 Million | CA$-9.15 Million | CA$13.66 Million | CA$7.01 Million | ▼ -132.0 pp |
| 2022 | 59.3% | CA$-3.46 Million | CA$-5.83 Million | CA$11.08 Million | CA$14.54 Million | ▲ +99.6 pp |
| 2021 | -40.3% | CA$-2.41 Million | CA$5.99 Million | CA$14.81 Million | CA$17.22 Million | ▼ -376.9 pp |
| 2020 | 336.6% | CA$-2.94 Million | CA$-872.20K | CA$9.85 Million | CA$12.79 Million | ▼ -174.7 pp |
| 2019 | 511.4% | CA$-927.96K | CA$-181.47K | CA$1.38 Million | CA$2.31 Million | — |