Nickel 28 Capital Corp (NKL) — Working Capital to Net Assets Ratio
Nickel 28 Capital Corp (NKL) has a Working Capital to Net Assets ratio of 2.0% as of October 2025. Working capital of CA$1.65 Million (current assets of CA$9.70 Million minus current liabilities of CA$8.04 Million) is measured against net assets of CA$81.56 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nickel 28 Capital Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nickel 28 Capital Corp Working Capital to Net Assets (2020–2025)
This chart shows how Nickel 28 Capital Corp's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of October 2025, the ratio stands at 2.0%, reflecting working capital of CA$1.65 Million against net assets of CA$81.56 Million CAD. For the complete balance sheet picture, see Nickel 28 Capital Corp total assets.
Annual Working Capital to Net Assets for Nickel 28 Capital Corp (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nickel 28 Capital Corp from 2020 to 2025, 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 NKL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 4.9% | CA$4.06 Million | CA$82.50 Million | CA$9.74 Million | CA$5.67 Million | ▲ +3.1 pp |
| 2024 | 1.9% | CA$1.62 Million | CA$86.60 Million | CA$11.13 Million | CA$9.51 Million | ▲ +12.1 pp |
| 2023 | -10.2% | CA$-9.28 Million | CA$90.75 Million | CA$12.38 Million | CA$21.66 Million | ▼ -3.7 pp |
| 2022 | -6.5% | CA$-5.42 Million | CA$83.62 Million | CA$7.78 Million | CA$13.20 Million | ▼ -16.0 pp |
| 2021 | 9.6% | CA$6.60 Million | CA$69.05 Million | CA$22.12 Million | CA$15.52 Million | ▼ -10.2 pp |
| 2020 | 19.7% | CA$13.00 Million | CA$65.84 Million | CA$31.68 Million | CA$18.68 Million | — |