Covalon Technologies Ltd. (COV) — Working Capital to Net Assets Ratio
Covalon Technologies Ltd. (COV) has a Working Capital to Net Assets ratio of 86.7% as of December 2025. Working capital of CA$22.87 Million (current assets of CA$27.74 Million minus current liabilities of CA$4.87 Million) is measured against net assets of CA$26.39 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See COV net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Covalon Technologies Ltd. Working Capital to Net Assets (2005–2025)
This chart shows how Covalon Technologies Ltd.'s Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 86.7%, reflecting working capital of CA$22.87 Million against net assets of CA$26.39 Million CAD. Check COV tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Covalon Technologies Ltd. (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Covalon Technologies Ltd. from 2005 to 2025, covering 21 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 Covalon Technologies Ltd. market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 90.3% | CA$27.76 Million | CA$30.73 Million | CA$31.53 Million | CA$3.77 Million | ▼ -0.7 pp |
| 2024 | 91.0% | CA$25.04 Million | CA$27.50 Million | CA$29.04 Million | CA$4.00 Million | ▲ +5.4 pp |
| 2023 | 85.7% | CA$16.10 Million | CA$18.79 Million | CA$21.29 Million | CA$5.19 Million | ▼ -8.0 pp |
| 2022 | 93.6% | CA$22.69 Million | CA$24.23 Million | CA$27.23 Million | CA$4.54 Million | ▼ -3.6 pp |
| 2021 | 97.2% | CA$32.44 Million | CA$33.37 Million | CA$37.44 Million | CA$5.00 Million | ▲ +182.7 pp |
| 2020 | -85.5% | CA$-7.79 Million | CA$9.11 Million | CA$14.85 Million | CA$22.64 Million | ▼ -115.3 pp |
| 2019 | 29.8% | CA$4.45 Million | CA$14.93 Million | CA$22.39 Million | CA$17.94 Million | ▼ -51.6 pp |
| 2018 | 81.4% | CA$10.69 Million | CA$13.12 Million | CA$17.14 Million | CA$6.46 Million | ▲ +3.7 pp |
| 2017 | 77.7% | CA$6.98 Million | CA$8.98 Million | CA$9.78 Million | CA$2.80 Million | ▲ +20.8 pp |
| 2016 | 56.9% | CA$2.17 Million | CA$3.81 Million | CA$4.28 Million | CA$2.12 Million | ▼ -5.9 pp |
| 2015 | 62.8% | CA$3.00 Million | CA$4.79 Million | CA$5.29 Million | CA$2.29 Million | ▼ -10.1 pp |
| 2014 | 72.8% | CA$4.02 Million | CA$5.53 Million | CA$5.40 Million | CA$1.37 Million | ▲ +36.5 pp |
| 2013 | 36.3% | CA$1.07 Million | CA$2.95 Million | CA$3.01 Million | CA$1.94 Million | ▲ +7.6 pp |
| 2012 | 28.7% | CA$928.22K | CA$3.23 Million | CA$3.21 Million | CA$2.29 Million | ▼ -34.8 pp |
| 2011 | 63.5% | CA$4.46 Million | CA$7.02 Million | CA$6.17 Million | CA$1.72 Million | ▼ -5.4 pp |
| 2010 | 68.9% | CA$5.22 Million | CA$7.57 Million | CA$7.03 Million | CA$1.81 Million | ▲ +10.2 pp |
| 2009 | 58.8% | CA$6.43 Million | CA$10.94 Million | CA$7.71 Million | CA$1.28 Million | ▼ -21.2 pp |
| 2008 | 80.0% | CA$12.01 Million | CA$15.02 Million | CA$13.20 Million | CA$1.19 Million | ▼ -1.4 pp |
| 2007 | 81.4% | CA$14.32 Million | CA$17.59 Million | CA$16.97 Million | CA$2.65 Million | ▲ +19.6 pp |
| 2006 | 61.9% | CA$5.11 Million | CA$8.27 Million | CA$5.64 Million | CA$527.43K | ▲ +49.7 pp |
| 2005 | 12.2% | CA$461.99K | CA$3.79 Million | CA$1.17 Million | CA$707.83K | — |