TUT Fitness Group Inc (GYM) — Working Capital to Net Assets Ratio
TUT Fitness Group Inc (GYM) has a Working Capital to Net Assets ratio of -204.2% as of March 2024. Working capital of CA$-42.15K (current assets of CA$412.78K minus current liabilities of CA$454.92K) is measured against net assets of CA$20.64K. A higher ratio indicates strong short-term liquidity financed by the equity base. See TUT Fitness Group Inc (GYM) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TUT Fitness Group Inc Working Capital to Net Assets (2021–2023)
This chart shows how TUT Fitness Group Inc's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of March 2024, the ratio stands at -204.2%, reflecting working capital of CA$-42.15K against net assets of CA$20.64K CAD. See GYM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for TUT Fitness Group Inc (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for TUT Fitness Group Inc from 2021 to 2023, covering 3 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 market cap of TUT Fitness Group Inc.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 74.7% | CA$216.81K | CA$290.24K | CA$545.89K | CA$329.08K | ▲ +17.4 pp |
| 2022 | 57.3% | CA$955.40K | CA$1.67 Million | CA$1.06 Million | CA$103.91K | ▼ -8.3 pp |
| 2021 | 65.6% | CA$2.30 Million | CA$3.51 Million | CA$2.76 Million | CA$460.56K | — |