Providence Gold Mines (PHD) — Working Capital to Net Assets Ratio
Providence Gold Mines (PHD) has a Working Capital to Net Assets ratio of 111.1% as of September 2025. Working capital of CA$-228.57K (current assets of CA$19.76K minus current liabilities of CA$248.33K) is measured against net assets of CA$-205.70K. A higher ratio indicates strong short-term liquidity financed by the equity base. See PHD FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Providence Gold Mines Working Capital to Net Assets (2013–2024)
This chart shows how Providence Gold Mines's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 111.1%, reflecting working capital of CA$-228.57K against net assets of CA$-205.70K CAD. See how many days can Providence Gold Mines fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Providence Gold Mines (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Providence Gold Mines from 2013 to 2024, covering 12 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 Providence Gold Mines (PHD) total market value.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 100.0% | CA$-58.45K | CA$-58.45K | CA$60.33K | CA$118.78K | ▲ +103.8 pp |
| 2023 | -3.8% | CA$-95.74K | CA$2.51 Million | CA$2.63K | CA$98.38K | ▼ -1.4 pp |
| 2022 | -2.4% | CA$-60.73K | CA$2.54 Million | CA$16.98K | CA$77.71K | ▼ -2.8 pp |
| 2021 | 0.4% | CA$9.46K | CA$2.61 Million | CA$86.48K | CA$77.02K | ▼ -17.2 pp |
| 2020 | 17.5% | CA$502.93K | CA$2.87 Million | CA$573.08K | CA$70.15K | ▲ +21.5 pp |
| 2019 | -3.9% | CA$-77.35K | CA$1.96 Million | CA$112.31K | CA$189.66K | ▼ -46.4 pp |
| 2018 | 42.5% | CA$715.12K | CA$1.68 Million | CA$790.98K | CA$75.86K | ▲ +20.2 pp |
| 2017 | 22.2% | CA$165.68K | CA$745.09K | CA$342.18K | CA$176.50K | ▼ -77.8 pp |
| 2016 | 100.0% | CA$-51.47K | CA$-51.47K | CA$21.66K | CA$73.12K | ▲ +0.0 pp |
| 2015 | 100.0% | CA$-69.57K | CA$-69.57K | CA$59.97K | CA$129.54K | ▲ +7.8 pp |
| 2014 | 92.2% | CA$176.89K | CA$191.89K | CA$1.17 Million | CA$993.26K | ▲ +16.5 pp |
| 2013 | 75.6% | CA$435.45K | CA$575.64K | CA$447.13K | CA$11.68K | — |