Newtopia Inc (NEWU) — Working Capital to Net Assets Ratio
Newtopia Inc (NEWU) has a Working Capital to Net Assets ratio of 97.3% as of September 2024. Working capital of CA$-12.60 Million (current assets of CA$662.12K minus current liabilities of CA$13.27 Million) is measured against net assets of CA$-12.95 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Newtopia Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Newtopia Inc Working Capital to Net Assets (2018–2023)
This chart shows how Newtopia Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at 97.3%, reflecting working capital of CA$-12.60 Million against net assets of CA$-12.95 Million CAD. For the complete balance sheet picture, see balance sheet size of Newtopia Inc.
Annual Working Capital to Net Assets for Newtopia Inc (2018–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Newtopia Inc from 2018 to 2023, covering 6 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 NEWU current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 85.3% | CA$-8.04 Million | CA$-9.42 Million | CA$2.33 Million | CA$10.36 Million | ▼ -54.0 pp |
| 2022 | 139.3% | CA$-7.71 Million | CA$-5.53 Million | CA$2.70 Million | CA$10.41 Million | ▲ +31.8 pp |
| 2021 | 107.5% | CA$-1.98 Million | CA$-1.84 Million | CA$2.82 Million | CA$4.80 Million | ▲ +9.5 pp |
| 2020 | 98.0% | CA$4.11 Million | CA$4.20 Million | CA$6.74 Million | CA$2.62 Million | ▼ -2.4 pp |
| 2019 | 100.4% | CA$-11.25 Million | CA$-11.21 Million | CA$4.70 Million | CA$15.96 Million | ▲ +0.7 pp |
| 2018 | 99.7% | CA$-12.41 Million | CA$-12.44 Million | CA$2.68 Million | CA$15.09 Million | — |