Metal Energy Corp (MERG) — Working Capital to Net Assets Ratio
Metal Energy Corp (MERG) has a Working Capital to Net Assets ratio of 10.5% as of September 2025. Working capital of CA$-368.59K (current assets of CA$579.56K minus current liabilities of CA$948.15K) is measured against net assets of CA$-3.52 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Metal Energy Corp to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Metal Energy Corp Working Capital to Net Assets (2021–2024)
This chart shows how Metal Energy Corp's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of September 2025, the ratio stands at 10.5%, reflecting working capital of CA$-368.59K against net assets of CA$-3.52 Million CAD. See Metal Energy Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Metal Energy Corp (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Metal Energy Corp from 2021 to 2024, covering 4 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 market cap of Metal Energy Corp.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -1.1% | CA$33.60K | CA$-3.15 Million | CA$1.38 Million | CA$1.34 Million | ▼ -101.1 pp |
| 2023 | 100.0% | CA$1.76 Million | CA$1.76 Million | CA$1.84 Million | CA$84.17K | ▼ -1.1 pp |
| 2022 | 101.1% | CA$2.43 Million | CA$2.41 Million | CA$3.16 Million | CA$728.17K | ▲ +1.1 pp |
| 2021 | 100.0% | CA$6.34 Million | CA$6.34 Million | CA$7.07 Million | CA$723.49K | — |