Jaxon Mining Inc (JAX) — 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$6.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Jaxon Mining Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Jaxon Mining Inc Working Capital to Net Assets (2014–2023)
This chart shows how Jaxon Mining Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2014 to 2023. As of October 2023, the ratio stands at -15.7%, reflecting working capital of CA$-978.16K against net assets of CA$6.24 Million CAD. For the complete balance sheet picture, see balance sheet size of Jaxon Mining Inc.
Annual Working Capital to Net Assets for Jaxon Mining Inc (2014–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Jaxon Mining Inc from 2014 to 2023, covering 10 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check financial resilience of Jaxon Mining Inc to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -7.3% | CA$-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 | — |