CaNickel Mining Ltd (CML) — Working Capital to Net Assets Ratio
CaNickel Mining Ltd (CML) has a Working Capital to Net Assets ratio of 119.8% as of March 2025. Working capital of CA$-123.65 Million (current assets of CA$738.72K minus current liabilities of CA$124.39 Million) is measured against net assets of CA$-103.23 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CaNickel Mining Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CaNickel Mining Ltd Working Capital to Net Assets (2013–2024)
This chart shows how CaNickel Mining Ltd's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of March 2025, the ratio stands at 119.8%, reflecting working capital of CA$-123.65 Million against net assets of CA$-103.23 Million CAD. For the complete balance sheet picture, see CML total asset value.
Annual Working Capital to Net Assets for CaNickel Mining Ltd (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for CaNickel Mining Ltd from 2013 to 2024, covering 12 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. Explore CML long-term investments to assets to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 120.0% | CA$-124.97 Million | CA$-104.14 Million | CA$842.57K | CA$125.82 Million | ▲ +22.0 pp |
| 2023 | 98.0% | CA$-103.91 Million | CA$-106.07 Million | CA$574.51K | CA$104.48 Million | ▼ -1.2 pp |
| 2022 | 99.2% | CA$-97.44 Million | CA$-98.26 Million | CA$83.68K | CA$97.52 Million | ▼ -3.5 pp |
| 2021 | 102.6% | CA$-91.15 Million | CA$-88.82 Million | CA$188.85K | CA$91.33 Million | ▲ +0.5 pp |
| 2020 | 102.1% | CA$-103.50 Million | CA$-101.34 Million | CA$446.14K | CA$103.95 Million | ▼ -3.1 pp |
| 2019 | 105.2% | CA$-95.57 Million | CA$-90.83 Million | CA$432.81K | CA$96.01 Million | ▼ -9.0 pp |
| 2018 | 114.2% | CA$-110.72 Million | CA$-96.97 Million | CA$28.32K | CA$110.75 Million | ▼ -4.5 pp |
| 2017 | 118.7% | CA$-94.46 Million | CA$-79.57 Million | CA$49.47K | CA$94.51 Million | ▲ +10.4 pp |
| 2016 | 108.3% | CA$-80.81 Million | CA$-74.60 Million | CA$86.19K | CA$80.89 Million | ▼ -2.8 pp |
| 2015 | 111.1% | CA$-74.59 Million | CA$-67.13 Million | CA$258.52K | CA$74.85 Million | ▼ -94.3 pp |
| 2014 | 205.4% | CA$-56.49 Million | CA$-27.50 Million | CA$850.47K | CA$57.34 Million | ▼ -60.1 pp |
| 2013 | 265.5% | CA$-50.11 Million | CA$-18.87 Million | CA$821.02K | CA$50.93 Million | — |