New Found Gold Corp (NFG) — Working Capital to Net Assets Ratio
New Found Gold Corp (NFG) has a Working Capital to Net Assets ratio of 55.6% as of September 2025. Working capital of CA$56.34 Million (current assets of CA$74.88 Million minus current liabilities of CA$18.55 Million) is measured against net assets of CA$101.33 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See New Found Gold Corp 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
New Found Gold Corp Working Capital to Net Assets (2019–2024)
This chart shows how New Found Gold Corp's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 55.6%, reflecting working capital of CA$56.34 Million against net assets of CA$101.33 Million CAD. For the complete balance sheet picture, see NFG asset base.
Annual Working Capital to Net Assets for New Found Gold Corp (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for New Found Gold Corp from 2019 to 2024, 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. Check asset resilience ratio of New Found Gold Corp to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 33.6% | CA$22.37 Million | CA$66.57 Million | CA$29.75 Million | CA$7.38 Million | ▼ -32.6 pp |
| 2023 | 66.2% | CA$43.37 Million | CA$65.50 Million | CA$62.38 Million | CA$19.01 Million | ▼ -14.3 pp |
| 2022 | 80.5% | CA$67.19 Million | CA$83.47 Million | CA$94.33 Million | CA$27.14 Million | ▼ -20.4 pp |
| 2021 | 100.9% | CA$123.76 Million | CA$122.65 Million | CA$136.52 Million | CA$12.76 Million | ▲ +4.2 pp |
| 2020 | 96.7% | CA$70.53 Million | CA$72.90 Million | CA$71.16 Million | CA$635.08K | ▲ +9.3 pp |
| 2019 | 87.4% | CA$7.83 Million | CA$8.96 Million | CA$8.23 Million | CA$392.85K | — |