Golden Goliath Resources Ltd. (GNG) — Working Capital to Net Assets Ratio
Golden Goliath Resources Ltd. (GNG) has a Working Capital to Net Assets ratio of -11.2% as of May 2026. Working capital of CA$-93.85K (current assets of CA$296.13K minus current liabilities of CA$389.98K) is measured against net assets of CA$837.10K. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Golden Goliath Resources Ltd. fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Golden Goliath Resources Ltd. Working Capital to Net Assets (2001–2025)
This chart shows how Golden Goliath Resources Ltd.'s Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of May 2026, the ratio stands at -11.2%, reflecting working capital of CA$-93.85K against net assets of CA$837.10K CAD. For the complete balance sheet picture, see Golden Goliath Resources Ltd. total assets.
Annual Working Capital to Net Assets for Golden Goliath Resources Ltd. (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Golden Goliath Resources Ltd. from 2001 to 2025, covering 25 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check GNG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -124.9% | CA$-462.90K | CA$370.57K | CA$20.54K | CA$483.44K | ▼ -97.4 pp |
| 2024 | -27.6% | CA$-179.50K | CA$651.32K | CA$152.81K | CA$332.31K | ▼ -30.3 pp |
| 2023 | 2.7% | CA$102.91K | CA$3.81 Million | CA$458.77K | CA$355.87K | ▼ -17.3 pp |
| 2022 | 20.0% | CA$832.47K | CA$4.15 Million | CA$1.06 Million | CA$228.00K | ▼ -16.1 pp |
| 2021 | 36.2% | CA$1.62 Million | CA$4.47 Million | CA$1.98 Million | CA$362.49K | ▼ -36.4 pp |
| 2020 | 72.6% | CA$2.93 Million | CA$4.03 Million | CA$3.13 Million | CA$197.14K | ▲ +6.4 pp |
| 2019 | 66.2% | CA$1.26 Million | CA$1.91 Million | CA$1.44 Million | CA$176.61K | ▲ +103.2 pp |
| 2018 | -37.0% | CA$-702.03K | CA$1.90 Million | CA$81.39K | CA$783.42K | ▼ -13.9 pp |
| 2017 | -23.1% | CA$-521.38K | CA$2.26 Million | CA$110.03K | CA$631.40K | ▼ -11.3 pp |
| 2016 | -11.8% | CA$-305.05K | CA$2.59 Million | CA$101.35K | CA$406.40K | ▲ +1.3 pp |
| 2015 | -13.1% | CA$-393.24K | CA$3.01 Million | CA$180.10K | CA$573.34K | ▼ -17.6 pp |
| 2014 | 4.5% | CA$161.22K | CA$3.59 Million | CA$206.50K | CA$45.28K | ▼ -11.7 pp |
| 2013 | 16.2% | CA$1.16 Million | CA$7.17 Million | CA$1.21 Million | CA$45.38K | ▲ +2.3 pp |
| 2012 | 13.9% | CA$1.25 Million | CA$8.99 Million | CA$1.35 Million | CA$103.46K | ▼ -9.0 pp |
| 2011 | 22.9% | CA$2.71 Million | CA$11.85 Million | CA$2.83 Million | CA$115.93K | ▲ +4.5 pp |
| 2010 | 18.4% | CA$1.85 Million | CA$10.03 Million | CA$2.01 Million | CA$165.37K | ▲ +9.7 pp |
| 2009 | 8.7% | CA$712.38K | CA$8.16 Million | CA$752.26K | CA$39.88K | ▼ -14.8 pp |
| 2008 | 23.6% | CA$2.43 Million | CA$10.30 Million | CA$2.88 Million | CA$454.70K | ▼ -40.5 pp |
| 2007 | 64.1% | CA$7.02 Million | CA$10.95 Million | CA$7.32 Million | CA$301.40K | ▲ +28.5 pp |
| 2006 | 35.7% | CA$1.68 Million | CA$4.70 Million | CA$1.71 Million | CA$34.85K | ▲ +4.4 pp |
| 2005 | 31.2% | CA$1.07 Million | CA$3.42 Million | CA$1.11 Million | CA$41.48K | ▼ -14.3 pp |
| 2004 | 45.6% | CA$1.99 Million | CA$4.36 Million | CA$2.03 Million | CA$44.87K | ▲ +26.3 pp |
| 2003 | 19.2% | CA$721.08K | CA$3.75 Million | CA$763.58K | CA$42.49K | ▲ +3.4 pp |
| 2002 | 15.9% | CA$684.69K | CA$4.31 Million | CA$941.84K | CA$257.15K | ▼ -33.5 pp |
| 2001 | 49.4% | CA$1.91 Million | CA$3.86 Million | CA$1.95 Million | CA$45.12K | — |