Goldflare Exploration Inc (GOFL) — Working Capital to Net Assets Ratio
Goldflare Exploration Inc (GOFL) has a Working Capital to Net Assets ratio of -13.8% as of February 2026. Working capital of CA$-415.80K (current assets of CA$114.17K minus current liabilities of CA$529.97K) is measured against net assets of CA$3.02 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See GOFL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Goldflare Exploration Inc Working Capital to Net Assets (2018–2026)
This chart shows how Goldflare Exploration Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2026. As of February 2026, the ratio stands at -13.8%, reflecting working capital of CA$-415.80K against net assets of CA$3.02 Million CAD. For the complete balance sheet picture, see GOFL total assets.
Annual Working Capital to Net Assets for Goldflare Exploration Inc (2018–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Goldflare Exploration Inc from 2018 to 2026, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Goldflare Exploration Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -13.8% | CA$-415.80K | CA$3.02 Million | CA$114.17K | CA$529.97K | ▼ -19.4 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 | — |