New Found Gold Corp Working Capital to Net Assets Ratio
New Found Gold Corp 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. Check New Found Gold Corp (NFG) tangible net worth to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of New Found Gold Corp (2019–2024)
Working capital to net assets ratio of New Found Gold Corp from 2019 to 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. See NFG days of operational coverage to measure how many days the company can operate on defensive assets alone.
New Found Gold Corp Working Capital to Net Assets Ratio by Year (2019–2024)
New Found Gold Corp working capital to net assets ratio by year from 2019 to 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. For the complete balance sheet picture, see NFG total assets.
| 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 | — |