First Helium Inc (HELI) — Working Capital to Net Assets Ratio
First Helium Inc (HELI) has a Working Capital to Net Assets ratio of -21.0% as of September 2025. Working capital of CA$-2.43 Million (current assets of CA$123.57K minus current liabilities of CA$2.55 Million) is measured against net assets of CA$11.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See HELI days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Helium Inc Working Capital to Net Assets (2020–2025)
This chart shows how First Helium Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of September 2025, the ratio stands at -21.0%, reflecting working capital of CA$-2.43 Million against net assets of CA$11.60 Million CAD. For the complete balance sheet picture, see First Helium Inc balance sheet assets.
Annual Working Capital to Net Assets for First Helium Inc (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Helium Inc from 2020 to 2025, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Read total liabilities of First Helium Inc for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -21.9% | CA$-2.52 Million | CA$11.52 Million | CA$1.30 Million | CA$3.82 Million | ▼ -16.3 pp |
| 2024 | -5.6% | CA$-760.66K | CA$13.63 Million | CA$584.68K | CA$1.35 Million | ▲ +1.8 pp |
| 2023 | -7.4% | CA$-1.05 Million | CA$14.28 Million | CA$431.01K | CA$1.48 Million | ▼ -35.8 pp |
| 2022 | 28.4% | CA$4.76 Million | CA$16.76 Million | CA$7.41 Million | CA$2.65 Million | ▼ -38.6 pp |
| 2021 | 67.0% | CA$7.97 Million | CA$11.90 Million | CA$11.75 Million | CA$3.78 Million | ▲ +271.8 pp |
| 2020 | -204.8% | CA$-1.36 Million | CA$663.48K | CA$24.92K | CA$1.38 Million | — |