Mkango Resources Ltd (MKA) — Working Capital to Net Assets Ratio
Mkango Resources Ltd (MKA) has a Working Capital to Net Assets ratio of 2192.7% as of March 2026. Working capital of CA$-10.04 Million (current assets of CA$1.67 Million minus current liabilities of CA$11.70 Million) is measured against net assets of CA$-457.75K. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mkango Resources Ltd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mkango Resources Ltd Working Capital to Net Assets (2008–2025)
This chart shows how Mkango Resources Ltd's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 2192.7%, reflecting working capital of CA$-10.04 Million against net assets of CA$-457.75K CAD. See Mkango Resources Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mkango Resources Ltd (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mkango Resources Ltd from 2008 to 2025, covering 18 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 Mkango Resources Ltd.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1515.0% | CA$-10.08 Million | CA$-665.11K | CA$3.80 Million | CA$13.87 Million | ▲ +1526.2 pp |
| 2024 | -11.2% | CA$-721.31K | CA$6.43 Million | CA$1.67 Million | CA$2.39 Million | ▲ +1.7 pp |
| 2023 | -12.9% | CA$-588.56K | CA$4.56 Million | CA$1.45 Million | CA$2.04 Million | ▼ -36.9 pp |
| 2022 | 24.0% | CA$-279.29K | CA$-1.17 Million | CA$680.38K | CA$959.67K | ▼ -58.1 pp |
| 2021 | 82.1% | CA$3.29 Million | CA$4.00 Million | CA$4.54 Million | CA$1.26 Million | ▼ -6.1 pp |
| 2020 | 88.1% | CA$4.84 Million | CA$5.49 Million | CA$5.13 Million | CA$289.10K | ▼ -10.8 pp |
| 2019 | 99.0% | CA$9.22 Million | CA$9.31 Million | CA$9.73 Million | CA$516.46K | ▲ +5.6 pp |
| 2018 | 93.4% | CA$1.07 Million | CA$1.14 Million | CA$2.61 Million | CA$1.55 Million | ▲ +127.5 pp |
| 2017 | -34.1% | CA$427.55K | CA$-1.25 Million | CA$980.51K | CA$552.97K | ▲ +143.0 pp |
| 2016 | -177.1% | CA$782.33K | CA$-441.63K | CA$951.92K | CA$169.59K | ▼ -198.9 pp |
| 2015 | 21.7% | CA$-159.10K | CA$-731.81K | CA$215.94K | CA$375.05K | ▲ +17.4 pp |
| 2014 | 4.4% | CA$-73.61K | CA$-1.68 Million | CA$181.87K | CA$255.49K | ▼ -93.9 pp |
| 2013 | 98.3% | CA$292.27K | CA$297.32K | CA$502.04K | CA$209.77K | ▲ +0.4 pp |
| 2012 | 97.9% | CA$298.41K | CA$304.72K | CA$441.21K | CA$142.81K | ▼ -1.8 pp |
| 2011 | 99.7% | CA$2.77 Million | CA$2.78 Million | CA$3.76 Million | CA$991.24K | ▼ -0.3 pp |
| 2010 | 100.0% | CA$6.65 Million | CA$6.65 Million | CA$7.86 Million | CA$1.21 Million | ▼ 0.0 pp |
| 2009 | 100.0% | CA$326.14K | CA$326.14K | CA$336.90K | CA$10.77K | ▲ +0.0 pp |
| 2008 | 100.0% | CA$307.02K | CA$307.02K | CA$317.47K | CA$10.46K | — |