Lumine Group Inc. (LMN) — Working Capital to Net Assets Ratio
Lumine Group Inc. (LMN) has a Working Capital to Net Assets ratio of 27.2% as of June 2024. Working capital of CA$172.55 Million (current assets of CA$392.27 Million minus current liabilities of CA$219.72 Million) is measured against net assets of CA$634.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Lumine Group 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
Lumine Group Inc. Working Capital to Net Assets (2021–2023)
This chart shows how Lumine Group Inc.'s Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of June 2024, the ratio stands at 27.2%, reflecting working capital of CA$172.55 Million against net assets of CA$634.24 Million CAD. For the complete balance sheet picture, see Lumine Group Inc. asset portfolio.
Annual Working Capital to Net Assets for Lumine Group Inc. (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lumine Group Inc. from 2021 to 2023, covering 3 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Read LMN total debt and obligations for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 113.2% | CA$-4.35 Billion | CA$-3.84 Billion | CA$332.24 Million | CA$4.68 Billion | ▲ +119.9 pp |
| 2022 | -6.6% | CA$-10.21 Million | CA$153.78 Million | CA$164.89 Million | CA$175.10 Million | ▼ -53.7 pp |
| 2021 | 47.1% | CA$81.55 Million | CA$173.15 Million | CA$207.77 Million | CA$126.22 Million | — |