Patagonia Gold Corp (PGDC) — Working Capital to Net Assets Ratio
Patagonia Gold Corp (PGDC) has a Working Capital to Net Assets ratio of -57.9% as of March 2026. Working capital of CA$-13.98 Million (current assets of CA$4.96 Million minus current liabilities of CA$18.94 Million) is measured against net assets of CA$24.14 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see Patagonia Gold Corp asset portfolio.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Patagonia Gold Corp Working Capital to Net Assets (2001–2025)
This chart shows how Patagonia Gold Corp's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of March 2026, the ratio stands at -57.9%, reflecting working capital of CA$-13.98 Million against net assets of CA$24.14 Million CAD. Explore PGDC capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for Patagonia Gold Corp (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Patagonia Gold Corp from 2001 to 2025, covering 25 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Explore PGDC long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.5% | CA$-3.36 Million | CA$29.24 Million | CA$7.28 Million | CA$10.64 Million | ▼ -100.3 pp |
| 2024 | 88.8% | CA$-4.38 Million | CA$-4.93 Million | CA$5.51 Million | CA$9.89 Million | ▲ +59.9 pp |
| 2023 | 28.9% | CA$2.10 Million | CA$7.26 Million | CA$4.70 Million | CA$2.60 Million | ▲ +96.6 pp |
| 2022 | -67.7% | CA$-8.66 Million | CA$12.80 Million | CA$6.91 Million | CA$15.57 Million | ▼ -24.0 pp |
| 2021 | -43.7% | CA$-7.73 Million | CA$17.70 Million | CA$6.56 Million | CA$14.29 Million | ▼ -4.5 pp |
| 2020 | -39.1% | CA$-8.38 Million | CA$21.41 Million | CA$6.15 Million | CA$14.53 Million | ▲ +205.9 pp |
| 2019 | -245.0% | CA$-22.48 Million | CA$9.18 Million | CA$5.55 Million | CA$28.03 Million | ▼ -168.3 pp |
| 2018 | -76.7% | CA$-17.94 Million | CA$23.38 Million | CA$11.48 Million | CA$29.43 Million | ▼ -83.3 pp |
| 2017 | 6.6% | CA$2.21 Million | CA$33.78 Million | CA$38.06 Million | CA$35.85 Million | ▲ +84.4 pp |
| 2016 | -77.8% | CA$-14.46 Million | CA$18.59 Million | CA$12.94 Million | CA$27.41 Million | ▲ +109.9 pp |
| 2015 | -187.8% | CA$-15.31 Million | CA$8.16 Million | CA$4.40 Million | CA$19.72 Million | ▼ -171.3 pp |
| 2014 | -16.5% | CA$-4.50 Million | CA$27.36 Million | CA$11.78 Million | CA$16.29 Million | ▲ +34.5 pp |
| 2013 | -51.0% | CA$-12.86 Million | CA$25.24 Million | CA$5.16 Million | CA$18.02 Million | ▼ -64.0 pp |
| 2012 | 13.0% | CA$4.78 Million | CA$36.64 Million | CA$10.75 Million | CA$5.97 Million | ▼ -6.7 pp |
| 2011 | 19.8% | CA$6.30 Million | CA$31.86 Million | CA$13.93 Million | CA$7.62 Million | ▼ -25.8 pp |
| 2010 | 45.6% | CA$6.76 Million | CA$14.84 Million | CA$10.60 Million | CA$3.84 Million | ▲ +10.3 pp |
| 2009 | 35.3% | CA$2.09 Million | CA$5.93 Million | CA$4.83 Million | CA$2.73 Million | ▲ +56.0 pp |
| 2008 | -20.7% | CA$-489.11K | CA$2.36 Million | CA$1.66 Million | CA$2.15 Million | ▼ -59.1 pp |
| 2007 | 38.4% | CA$698.07K | CA$1.82 Million | CA$1.76 Million | CA$1.06 Million | ▼ -32.7 pp |
| 2006 | 71.1% | CA$1.70 Million | CA$2.39 Million | CA$2.29 Million | CA$589.72K | ▲ +72.7 pp |
| 2005 | -1.5% | CA$-394.04K | CA$25.72 Million | CA$1.04 Million | CA$1.43 Million | ▼ -17.6 pp |
| 2004 | 16.0% | CA$5.48 Million | CA$34.12 Million | CA$6.99 Million | CA$1.51 Million | ▼ -0.7 pp |
| 2003 | 16.7% | CA$5.44 Million | CA$32.56 Million | CA$5.77 Million | CA$324.68K | ▼ -49.5 pp |
| 2002 | 66.2% | CA$930.50K | CA$1.41 Million | CA$977.58K | CA$47.07K | ▲ +11.2 pp |
| 2001 | 55.0% | CA$852.70K | CA$1.55 Million | CA$865.95K | CA$13.25K | — |