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 MERG defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see Metal Energy Corp (MERG) total assets.
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. Read debt load of Metal Energy Corp for a breakdown of total debt and financial obligations.
| 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 | — |