Northern Shield Resources Inc. Working Capital to Net Assets Ratio
Northern Shield Resources Inc. working capital to net assets ratio. Northern Shield Resources Inc. (NRN) has a Working Capital to Net Assets ratio of 10.9% as of June 2026. Working capital of CA$483.55K (current assets of CA$937.13K minus current liabilities of CA$453.58K) is measured against net assets of CA$4.42 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check NRN tangible net assets ratio 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 Northern Shield Resources Inc. (2002–2025)
Working capital to net assets ratio of Northern Shield Resources Inc. from 2002 to 2025. This chart shows how Northern Shield Resources Inc.'s Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at 10.9%, reflecting working capital of CA$483.55K against net assets of CA$4.42 Million CAD. See defensive interval ratio of Northern Shield Resources Inc. to measure how many days the company can operate on defensive assets alone.
Northern Shield Resources Inc. Working Capital to Net Assets Ratio by Year (2002–2025)
Northern Shield Resources Inc. working capital to net assets ratio by year from 2002 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Northern Shield Resources Inc. from 2002 to 2025, covering 24 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 NRN current and non-current assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 13.8% | CA$510.65K | CA$3.69 Million | CA$1.02 Million | CA$511.27K | ▲ +21.2 pp |
| 2024 | -7.3% | CA$-168.97K | CA$2.30 Million | CA$502.61K | CA$671.58K | ▲ +1.5 pp |
| 2023 | -8.8% | CA$-459.98K | CA$5.20 Million | CA$356.65K | CA$816.62K | ▼ -4.6 pp |
| 2022 | -4.3% | CA$-222.27K | CA$5.21 Million | CA$339.25K | CA$561.51K | ▼ -8.0 pp |
| 2021 | 3.7% | CA$199.11K | CA$5.38 Million | CA$533.12K | CA$334.01K | ▼ -25.6 pp |
| 2020 | 29.3% | CA$1.47 Million | CA$5.01 Million | CA$1.95 Million | CA$484.16K | ▼ -14.3 pp |
| 2019 | 43.6% | CA$1.04 Million | CA$2.39 Million | CA$1.44 Million | CA$395.03K | ▲ +37.8 pp |
| 2018 | 5.7% | CA$93.81K | CA$1.64 Million | CA$298.37K | CA$204.56K | ▼ -35.5 pp |
| 2017 | 41.3% | CA$1.13 Million | CA$2.73 Million | CA$1.27 Million | CA$140.84K | ▼ -24.4 pp |
| 2016 | 65.6% | CA$2.28 Million | CA$3.47 Million | CA$2.67 Million | CA$388.00K | ▲ +95.9 pp |
| 2015 | -30.3% | CA$-89.87K | CA$296.50K | CA$199.20K | CA$289.07K | ▼ -44.4 pp |
| 2014 | 14.1% | CA$528.98K | CA$3.76 Million | CA$856.29K | CA$327.31K | ▲ +15.3 pp |
| 2013 | -1.3% | CA$-104.72K | CA$8.24 Million | CA$705.26K | CA$809.98K | ▼ -8.6 pp |
| 2012 | 7.3% | CA$718.80K | CA$9.85 Million | CA$1.24 Million | CA$525.10K | ▲ +6.4 pp |
| 2011 | 0.9% | CA$56.95K | CA$6.58 Million | CA$924.77K | CA$867.83K | ▼ -9.9 pp |
| 2010 | 10.8% | CA$571.92K | CA$5.29 Million | CA$859.94K | CA$288.02K | ▲ +4.9 pp |
| 2009 | 5.9% | CA$259.38K | CA$4.40 Million | CA$447.23K | CA$187.84K | ▲ +6.1 pp |
| 2008 | -0.3% | CA$-11.37K | CA$4.52 Million | CA$358.37K | CA$369.74K | ▼ -32.7 pp |
| 2007 | 32.4% | CA$888.40K | CA$2.74 Million | CA$1.08 Million | CA$194.03K | ▼ -3.2 pp |
| 2006 | 35.6% | CA$1.06 Million | CA$2.99 Million | CA$1.21 Million | CA$146.68K | ▲ +18.2 pp |
| 2005 | 17.4% | CA$456.29K | CA$2.62 Million | CA$597.50K | CA$141.21K | ▲ +5.5 pp |
| 2004 | 11.9% | CA$268.57K | CA$2.25 Million | CA$439.72K | CA$171.15K | ▲ +19.7 pp |
| 2003 | -7.8% | CA$-88.13K | CA$1.13 Million | CA$108.52K | CA$196.65K | ▼ -104.8 pp |
| 2002 | 97.0% | CA$173.36K | CA$178.79K | CA$177.31K | CA$3.95K | — |