Newcore Gold Ltd (NCAU) — Working Capital to Net Assets Ratio
Newcore Gold Ltd (NCAU) has a Working Capital to Net Assets ratio of 3.7% as of December 2025. Working capital of CA$2.44 Million (current assets of CA$4.78 Million minus current liabilities of CA$2.34 Million) is measured against net assets of CA$65.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Newcore Gold Ltd to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Newcore Gold Ltd Working Capital to Net Assets (2016–2025)
This chart shows how Newcore Gold Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 3.7%, reflecting working capital of CA$2.44 Million against net assets of CA$65.69 Million CAD. Check Newcore Gold Ltd (NCAU) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Newcore Gold Ltd (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Newcore Gold Ltd from 2016 to 2025, covering 10 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 NCAU market cap overview.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 3.7% | CA$2.44 Million | CA$65.69 Million | CA$4.78 Million | CA$2.34 Million | ▼ -3.7 pp |
| 2024 | 7.4% | CA$3.71 Million | CA$49.85 Million | CA$5.56 Million | CA$1.85 Million | ▼ -1.7 pp |
| 2023 | 9.2% | CA$3.90 Million | CA$42.58 Million | CA$4.07 Million | CA$170.25K | ▲ +0.5 pp |
| 2022 | 8.6% | CA$3.57 Million | CA$41.41 Million | CA$3.95 Million | CA$380.52K | ▼ -3.4 pp |
| 2021 | 12.0% | CA$4.68 Million | CA$39.08 Million | CA$5.88 Million | CA$1.20 Million | ▼ -28.9 pp |
| 2020 | 40.9% | CA$12.09 Million | CA$29.54 Million | CA$13.56 Million | CA$1.47 Million | ▲ +38.8 pp |
| 2019 | 2.1% | CA$296.66K | CA$14.25 Million | CA$582.90K | CA$286.24K | ▼ -5.0 pp |
| 2018 | 7.1% | CA$1.07 Million | CA$15.06 Million | CA$1.13 Million | CA$62.79K | ▼ -6.2 pp |
| 2017 | 13.3% | CA$1.92 Million | CA$14.46 Million | CA$1.97 Million | CA$55.23K | ▲ +5.3 pp |
| 2016 | 8.0% | CA$1.10 Million | CA$13.88 Million | CA$1.16 Million | CA$54.80K | — |