Magnetic North Acquisition Corp (MNC) — Working Capital to Net Assets Ratio
Magnetic North Acquisition Corp (MNC) has a Working Capital to Net Assets ratio of 91.0% as of September 2024. Working capital of CA$-3.33 Million (current assets of CA$689.67K minus current liabilities of CA$4.02 Million) is measured against net assets of CA$-3.66 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Magnetic North Acquisition Corp to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Magnetic North Acquisition Corp Working Capital to Net Assets (2017–2023)
This chart shows how Magnetic North Acquisition Corp's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2017 to 2023. As of September 2024, the ratio stands at 91.0%, reflecting working capital of CA$-3.33 Million against net assets of CA$-3.66 Million CAD. For the complete balance sheet picture, see Magnetic North Acquisition Corp assets under control.
Annual Working Capital to Net Assets for Magnetic North Acquisition Corp (2017–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Magnetic North Acquisition Corp from 2017 to 2023, covering 7 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. Check Magnetic North Acquisition Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 82.4% | CA$-1.54 Million | CA$-1.87 Million | CA$13.69 Million | CA$15.23 Million | ▲ +76.0 pp |
| 2022 | 6.4% | CA$-1.19 Million | CA$-18.47 Million | CA$239.70K | CA$1.42 Million | ▲ +3.1 pp |
| 2021 | 3.3% | CA$-429.55K | CA$-13.09 Million | CA$671.46K | CA$1.10 Million | ▼ -8.5 pp |
| 2020 | 11.8% | CA$1.57 Million | CA$13.32 Million | CA$2.09 Million | CA$527.52K | ▼ -86.1 pp |
| 2019 | 97.8% | CA$1.54 Million | CA$1.57 Million | CA$1.89 Million | CA$349.88K | ▼ -2.3 pp |
| 2018 | 100.1% | CA$-455.00K | CA$-454.54K | CA$334.06K | CA$789.06K | ▼ -3.4 pp |
| 2017 | 103.5% | CA$-27.97K | CA$-27.03K | CA$376.87K | CA$404.84K | — |