Noram Lithium Corp (NRM) — Working Capital to Net Assets Ratio
Noram Lithium Corp (NRM) has a Working Capital to Net Assets ratio of -20.9% as of October 2025. Working capital of CA$-957.50K (current assets of CA$168.77K minus current liabilities of CA$1.13 Million) is measured against net assets of CA$4.58 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Noram Lithium Corp net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Noram Lithium Corp Working Capital to Net Assets (2012–2025)
This chart shows how Noram Lithium Corp's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of October 2025, the ratio stands at -20.9%, reflecting working capital of CA$-957.50K against net assets of CA$4.58 Million CAD. Check how tangible is Noram Lithium Corp's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Noram Lithium Corp (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Noram Lithium Corp from 2012 to 2025, covering 14 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 Noram Lithium Corp (NRM) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 5.7% | CA$331.70K | CA$5.79 Million | CA$738.96K | CA$407.26K | ▼ -35.4 pp |
| 2024 | 41.1% | CA$3.27 Million | CA$7.95 Million | CA$3.75 Million | CA$480.54K | ▼ -51.7 pp |
| 2023 | 92.8% | CA$12.57 Million | CA$13.55 Million | CA$13.21 Million | CA$638.79K | ▲ +68.5 pp |
| 2022 | 24.3% | CA$1.31 Million | CA$5.39 Million | CA$1.75 Million | CA$439.24K | ▼ -4.7 pp |
| 2021 | 29.0% | CA$1.36 Million | CA$4.70 Million | CA$1.70 Million | CA$341.03K | ▲ +35.8 pp |
| 2020 | -6.9% | CA$-198.99K | CA$2.90 Million | CA$45.02K | CA$244.01K | ▼ -11.5 pp |
| 2019 | 4.6% | CA$136.66K | CA$2.94 Million | CA$345.30K | CA$208.65K | ▼ -8.6 pp |
| 2018 | 13.2% | CA$151.69K | CA$1.15 Million | CA$214.40K | CA$62.71K | ▲ +12.0 pp |
| 2017 | 1.2% | CA$33.92K | CA$2.77 Million | CA$148.53K | CA$114.60K | ▼ -0.2 pp |
| 2016 | 1.5% | CA$12.28K | CA$840.41K | CA$23.27K | CA$10.99K | ▼ -0.8 pp |
| 2015 | 2.2% | CA$26.79K | CA$1.20 Million | CA$58.49K | CA$31.70K | ▲ +1.6 pp |
| 2014 | 0.6% | CA$9.16K | CA$1.58 Million | CA$80.86K | CA$71.70K | ▼ -14.0 pp |
| 2013 | 14.5% | CA$177.40K | CA$1.22 Million | CA$268.01K | CA$90.61K | ▼ -30.3 pp |
| 2012 | 44.9% | CA$323.17K | CA$720.03K | CA$328.35K | CA$5.18K | — |