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 Magna Mining Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
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. See Magna Mining Inc (NICU) defensive interval to measure how many days the company can operate on defensive assets alone.
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. For live market cap and the full company profile, see Magna Mining Inc market cap and net worth.
| 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 | — |