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$11.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See HELI free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Helium Inc Working Capital to Net Assets (2020–2025)
This chart shows how First Helium Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of September 2025, the ratio stands at -21.0%, reflecting working capital of CA$-2.43 Million against net assets of CA$11.60 Million CAD. See HELI defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for First Helium Inc (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Helium Inc from 2020 to 2025, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see First Helium Inc (HELI) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -21.9% | CA$-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 | — |