Lumine Group Inc. Working Capital to Net Assets Ratio
Lumine Group Inc. 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. Check LMN tangible net worth 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 Lumine Group Inc. (2021–2023)
Working capital to net assets ratio of Lumine Group Inc. from 2021 to 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$634.24 Million CAD. See Lumine Group Inc. (LMN) defensive interval to measure how many days the company can operate on defensive assets alone.
Lumine Group Inc. Working Capital to Net Assets Ratio by Year (2021–2023)
Lumine Group Inc. working capital to net assets ratio by year from 2021 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Lumine Group Inc. from 2021 to 2023, covering 3 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Lumine Group Inc. balance sheet assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 113.2% | CA$-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 | — |