Goldflare Exploration Inc (GOFL) — Working Capital to Net Assets Ratio
Goldflare Exploration Inc (GOFL) has a Working Capital to Net Assets ratio of -6.2% as of November 2025. Working capital of CA$-202.61K (current assets of CA$118.21K minus current liabilities of CA$320.82K) is measured against net assets of CA$3.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See GOFL equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Goldflare Exploration Inc Working Capital to Net Assets (2018–2024)
This chart shows how Goldflare Exploration Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of November 2025, the ratio stands at -6.2%, reflecting working capital of CA$-202.61K against net assets of CA$3.29 Million CAD. Check Goldflare Exploration Inc (GOFL) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Goldflare Exploration Inc (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Goldflare Exploration Inc from 2018 to 2024, covering 7 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 GOFL stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 5.6% | CA$202.64K | CA$3.60 Million | CA$270.06K | CA$67.43K | ▼ -4.9 pp |
| 2023 | 10.5% | CA$348.00K | CA$3.31 Million | CA$656.75K | CA$308.74K | ▼ -11.5 pp |
| 2022 | 22.0% | CA$580.47K | CA$2.64 Million | CA$688.42K | CA$107.95K | ▼ -11.1 pp |
| 2021 | 33.1% | CA$854.36K | CA$2.58 Million | CA$947.71K | CA$93.35K | ▼ -30.9 pp |
| 2020 | 64.0% | CA$941.35K | CA$1.47 Million | CA$1.11 Million | CA$168.61K | ▲ +56.0 pp |
| 2019 | 8.0% | CA$209.03K | CA$2.61 Million | CA$284.66K | CA$75.63K | ▲ +3.8 pp |
| 2018 | 4.2% | CA$545.94K | CA$12.89 Million | CA$673.75K | CA$127.81K | — |