Gold Basin Resources Corp (GXX) — Working Capital to Net Assets Ratio
Gold Basin Resources Corp (GXX) has a Working Capital to Net Assets ratio of -6.1% as of September 2024. Working capital of CA$-1.17 Million (current assets of CA$719.03K minus current liabilities of CA$1.89 Million) is measured against net assets of CA$19.35 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Gold Basin Resources Corp to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gold Basin Resources Corp Working Capital to Net Assets (2018–2023)
This chart shows how Gold Basin Resources Corp's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at -6.1%, reflecting working capital of CA$-1.17 Million against net assets of CA$19.35 Million CAD. See GXX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Gold Basin Resources Corp (2018–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gold Basin Resources Corp from 2018 to 2023, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see GXX market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -1.6% | CA$-300.45K | CA$19.19 Million | CA$166.07K | CA$466.52K | ▼ -9.9 pp |
| 2022 | 8.3% | CA$1.59 Million | CA$19.06 Million | CA$2.01 Million | CA$425.38K | ▼ -12.5 pp |
| 2021 | 20.8% | CA$3.99 Million | CA$19.19 Million | CA$4.16 Million | CA$173.32K | ▲ +8.1 pp |
| 2020 | 12.7% | CA$1.95 Million | CA$15.33 Million | CA$2.35 Million | CA$400.80K | ▼ -42.0 pp |
| 2019 | 54.8% | CA$165.23K | CA$301.72K | CA$170.56K | CA$5.33K | ▲ +30.8 pp |
| 2018 | 24.0% | CA$37.51K | CA$156.49K | CA$37.59K | CA$84.00 | — |