Jaxon Mining Inc Working Capital to Net Assets Ratio
Jaxon Mining Inc working capital to net assets ratio. Jaxon Mining Inc (JAX) has a Working Capital to Net Assets ratio of -15.7% as of October 2023. Working capital of CA$-978.16K (current assets of CA$107.92K minus current liabilities of CA$1.09 Million) is measured against net assets of CA$6.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Jaxon Mining Inc (JAX) tangible equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Jaxon Mining Inc (2014–2023)
Working capital to net assets ratio of Jaxon Mining Inc from 2014 to 2023. This chart shows how Jaxon Mining Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2014 to 2023. As of October 2023, the ratio stands at -15.7%, reflecting working capital of CA$-978.16K against net assets of CA$6.24 Million CAD. See JAX days of operational coverage to measure how many days the company can operate on defensive assets alone.
Jaxon Mining Inc Working Capital to Net Assets Ratio by Year (2014–2023)
Jaxon Mining Inc working capital to net assets ratio by year from 2014 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Jaxon Mining Inc from 2014 to 2023, covering 10 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Jaxon Mining Inc balance sheet assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -7.3% | CA$-483.30K | CA$6.62 Million | CA$977.12K | CA$1.46 Million | ▲ +3.1 pp |
| 2022 | -10.4% | CA$-731.53K | CA$7.02 Million | CA$103.49K | CA$835.02K | ▼ -14.9 pp |
| 2021 | 4.5% | CA$232.95K | CA$5.21 Million | CA$492.98K | CA$260.03K | ▼ -21.3 pp |
| 2020 | 25.7% | CA$1.39 Million | CA$5.40 Million | CA$1.91 Million | CA$519.62K | ▲ +21.2 pp |
| 2019 | 4.5% | CA$189.22K | CA$4.16 Million | CA$769.65K | CA$580.42K | ▼ -50.4 pp |
| 2018 | 54.9% | CA$2.79 Million | CA$5.09 Million | CA$3.34 Million | CA$549.95K | ▲ +45.3 pp |
| 2017 | 9.7% | CA$8.63K | CA$89.30K | CA$125.41K | CA$116.77K | ▼ -102.5 pp |
| 2016 | 112.2% | CA$-259.21K | CA$-231.00K | CA$12.31K | CA$271.52K | ▼ -46.7 pp |
| 2015 | 159.0% | CA$-76.84K | CA$-48.34K | CA$37.95K | CA$114.80K | ▲ +189.4 pp |
| 2014 | -30.5% | CA$-66.15K | CA$217.13K | CA$7.55K | CA$73.70K | — |