Magna Mining Inc (NICU) — Working Capital to Net Assets Ratio
Magna Mining Inc (NICU) has a Working Capital to Net Assets ratio of 59.7% as of September 2025. Working capital of CA$70.39 Million (current assets of CA$101.96 Million minus current liabilities of CA$31.57 Million) is measured against net assets of CA$117.98 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Magna Mining Inc fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Magna Mining Inc Working Capital to Net Assets (2020–2024)
This chart shows how Magna Mining Inc's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2020 to 2024. As of September 2025, the ratio stands at 59.7%, reflecting working capital of CA$70.39 Million against net assets of CA$117.98 Million CAD. For the complete balance sheet picture, see Magna Mining Inc asset portfolio.
Annual Working Capital to Net Assets for Magna Mining Inc (2020–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Magna Mining Inc from 2020 to 2024, covering 5 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 Magna Mining Inc liquidity resilience 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 | 49.6% | CA$17.37 Million | CA$35.04 Million | CA$21.02 Million | CA$3.64 Million | ▲ +20.0 pp |
| 2023 | 29.6% | CA$7.35 Million | CA$24.85 Million | CA$11.93 Million | CA$4.59 Million | ▲ +16.8 pp |
| 2022 | 12.8% | CA$2.56 Million | CA$20.00 Million | CA$6.91 Million | CA$4.35 Million | ▼ -87.6 pp |
| 2021 | 100.4% | CA$4.76 Million | CA$4.75 Million | CA$6.23 Million | CA$1.47 Million | ▼ -0.5 pp |
| 2020 | 100.9% | CA$1.18 Million | CA$1.17 Million | CA$2.05 Million | CA$869.25K | — |