Northern Shield Resources Inc. (NRN) — Working Capital to Net Assets Ratio
Northern Shield Resources Inc. (NRN) has a Working Capital to Net Assets ratio of -6.0% as of September 2025. Working capital of CA$-174.71K (current assets of CA$359.05K minus current liabilities of CA$533.75K) is measured against net assets of CA$2.89 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See NRN equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northern Shield Resources Inc. Working Capital to Net Assets (2002–2024)
This chart shows how Northern Shield Resources Inc.'s Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at -6.0%, reflecting working capital of CA$-174.71K against net assets of CA$2.89 Million CAD. Check tangible equity quality of Northern Shield Resources Inc. to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Northern Shield Resources Inc. (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northern Shield Resources Inc. from 2002 to 2024, covering 23 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see NRN company net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -7.3% | CA$-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 | — |