Providence Gold Mines (PHD) — Working Capital to Net Assets Ratio
Providence Gold Mines (PHD) has a Working Capital to Net Assets ratio of 111.0% as of December 2025. Working capital of CA$-242.76K (current assets of CA$20.61K minus current liabilities of CA$263.38K) is measured against net assets of CA$-218.80K. A higher ratio indicates strong short-term liquidity financed by the equity base. See Providence Gold Mines defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Providence Gold Mines Working Capital to Net Assets (2013–2025)
This chart shows how Providence Gold Mines's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 111.0%, reflecting working capital of CA$-242.76K against net assets of CA$-218.80K CAD. For the complete balance sheet picture, see total assets of Providence Gold Mines.
Annual Working Capital to Net Assets for Providence Gold Mines (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Providence Gold Mines from 2013 to 2025, covering 13 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. Check PHD asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 111.0% | CA$-242.76K | CA$-218.80K | CA$20.61K | CA$263.38K | ▲ +11.0 pp |
| 2024 | 100.0% | CA$-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 | — |