GGL Resources Corp (GGL) — Working Capital to Net Assets Ratio
GGL Resources Corp (GGL) has a Working Capital to Net Assets ratio of 1.6% as of May 2025. Working capital of CA$91.16K (current assets of CA$126.46K minus current liabilities of CA$35.30K) is measured against net assets of CA$5.68 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See GGL Resources Corp balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
GGL Resources Corp Working Capital to Net Assets (2013–2024)
This chart shows how GGL Resources Corp's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of May 2025, the ratio stands at 1.6%, reflecting working capital of CA$91.16K against net assets of CA$5.68 Million CAD. Check GGL Resources Corp (GGL) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for GGL Resources Corp (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for GGL Resources Corp 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. For live market cap and the full company profile, see GGL Resources Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 0.9% | CA$51.66K | CA$5.65 Million | CA$122.62K | CA$70.96K | ▼ -5.2 pp |
| 2023 | 6.1% | CA$326.03K | CA$5.34 Million | CA$500.69K | CA$174.66K | ▼ -6.7 pp |
| 2022 | 12.8% | CA$611.32K | CA$4.77 Million | CA$1.19 Million | CA$582.25K | ▼ -0.8 pp |
| 2021 | 13.6% | CA$606.87K | CA$4.45 Million | CA$753.98K | CA$147.12K | ▼ -31.7 pp |
| 2020 | 45.4% | CA$2.09 Million | CA$4.62 Million | CA$2.27 Million | CA$177.64K | ▲ +38.3 pp |
| 2019 | 7.0% | CA$164.43K | CA$2.33 Million | CA$241.59K | CA$77.17K | ▼ -2.8 pp |
| 2018 | 9.8% | CA$260.69K | CA$2.66 Million | CA$353.04K | CA$92.35K | ▼ -29.6 pp |
| 2017 | 39.4% | CA$1.21 Million | CA$3.06 Million | CA$1.40 Million | CA$194.77K | ▲ +55.7 pp |
| 2016 | -16.2% | CA$-286.48K | CA$1.76 Million | CA$80.82K | CA$367.30K | ▲ +1.3 pp |
| 2015 | -17.5% | CA$-308.48K | CA$1.76 Million | CA$58.71K | CA$367.19K | ▲ +14.5 pp |
| 2014 | -32.0% | CA$-547.27K | CA$1.71 Million | CA$423.27K | CA$970.54K | ▲ +2.2 pp |
| 2013 | -34.3% | CA$-588.75K | CA$1.72 Million | CA$165.89K | CA$754.64K | — |