Spruce Ridge Resources Ltd. Working Capital to Net Assets Ratio
Spruce Ridge Resources Ltd. working capital to net assets ratio. Spruce Ridge Resources Ltd. (SHL) has a Working Capital to Net Assets ratio of 31.9% as of October 2025. Working capital of CA$3.02 Million (current assets of CA$3.47 Million minus current liabilities of CA$449.73K) is measured against net assets of CA$9.50 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Spruce Ridge Resources Ltd. tangible book value 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 Spruce Ridge Resources Ltd. (2001–2025)
Working capital to net assets ratio of Spruce Ridge Resources Ltd. from 2001 to 2025. This chart shows how Spruce Ridge Resources Ltd.'s Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of October 2025, the ratio stands at 31.9%, reflecting working capital of CA$3.02 Million against net assets of CA$9.50 Million CAD. See SHL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Spruce Ridge Resources Ltd. Working Capital to Net Assets Ratio by Year (2001–2025)
Spruce Ridge Resources Ltd. working capital to net assets ratio by year from 2001 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Spruce Ridge Resources Ltd. 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. For the complete balance sheet picture, see SHL total asset value.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.2% | CA$3.47 Million | CA$9.59 Million | CA$4.00 Million | CA$521.68K | ▼ -15.4 pp |
| 2024 | 51.6% | CA$7.32 Million | CA$14.18 Million | CA$7.56 Million | CA$241.90K | ▼ -37.7 pp |
| 2023 | 89.3% | CA$9.30 Million | CA$10.41 Million | CA$9.46 Million | CA$159.16K | ▲ +39.6 pp |
| 2022 | 49.7% | CA$8.06 Million | CA$16.22 Million | CA$8.44 Million | CA$379.41K | ▲ +15.2 pp |
| 2021 | 34.5% | CA$11.13 Million | CA$32.22 Million | CA$11.51 Million | CA$380.53K | ▼ -8.8 pp |
| 2020 | 43.3% | CA$4.97 Million | CA$11.46 Million | CA$5.35 Million | CA$386.60K | ▲ +68.8 pp |
| 2019 | -25.5% | CA$-350.10K | CA$1.37 Million | CA$191.03K | CA$541.13K | ▲ +46.2 pp |
| 2018 | -71.6% | CA$-607.19K | CA$847.47K | CA$31.97K | CA$639.16K | ▼ -40.1 pp |
| 2017 | -31.5% | CA$-332.83K | CA$1.06 Million | CA$83.85K | CA$416.68K | ▲ +50.7 pp |
| 2016 | -82.2% | CA$-596.99K | CA$726.31K | CA$97.07K | CA$694.07K | ▼ -19.4 pp |
| 2015 | -62.8% | CA$-492.49K | CA$784.70K | CA$53.79K | CA$546.28K | ▼ -15.5 pp |
| 2014 | -47.2% | CA$-415.65K | CA$879.94K | CA$64.45K | CA$480.10K | ▼ -37.4 pp |
| 2013 | -9.9% | CA$-131.20K | CA$1.33 Million | CA$150.12K | CA$281.33K | ▼ -18.4 pp |
| 2012 | 8.5% | CA$90.34K | CA$1.06 Million | CA$255.31K | CA$164.97K | ▼ -72.1 pp |
| 2011 | 80.6% | CA$4.32 Million | CA$5.36 Million | CA$4.46 Million | CA$134.00K | ▲ +0.5 pp |
| 2010 | 80.1% | CA$3.98 Million | CA$4.97 Million | CA$4.35 Million | CA$362.76K | ▲ +72.0 pp |
| 2009 | 8.1% | CA$244.09K | CA$3.03 Million | CA$419.45K | CA$175.37K | ▼ -77.0 pp |
| 2008 | 85.0% | CA$3.71 Million | CA$4.36 Million | CA$3.73 Million | CA$21.40K | ▼ -9.4 pp |
| 2007 | 94.4% | CA$5.16 Million | CA$5.47 Million | CA$5.18 Million | CA$13.88K | ▲ +12.7 pp |
| 2006 | 81.7% | CA$503.10K | CA$615.98K | CA$541.89K | CA$38.79K | ▼ -1.0 pp |
| 2005 | 82.7% | CA$404.80K | CA$489.58K | CA$643.89K | CA$239.09K | ▼ -28.5 pp |
| 2004 | 111.2% | CA$727.67K | CA$654.67K | CA$741.51K | CA$13.84K | ▲ +117.2 pp |
| 2003 | -6.0% | CA$-41.60K | CA$692.40K | CA$83.95K | CA$125.56K | ▼ -6.3 pp |
| 2002 | 0.3% | CA$2.03K | CA$674.56K | CA$55.11K | CA$53.09K | ▼ -2.5 pp |
| 2001 | 2.8% | CA$17.81K | CA$635.15K | CA$62.63K | CA$44.82K | — |