Spanish Mountain Gold Ltd (SPA) — Working Capital to Net Assets Ratio
Spanish Mountain Gold Ltd (SPA) has a Working Capital to Net Assets ratio of 4.8% as of September 2025. Working capital of CA$5.27 Million (current assets of CA$6.25 Million minus current liabilities of CA$982.54K) is measured against net assets of CA$110.27 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Spanish Mountain Gold Ltd to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spanish Mountain Gold Ltd Working Capital to Net Assets (1999–2024)
This chart shows how Spanish Mountain Gold Ltd's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1999 to 2024. As of September 2025, the ratio stands at 4.8%, reflecting working capital of CA$5.27 Million against net assets of CA$110.27 Million CAD. Check SPA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Spanish Mountain Gold Ltd (1999–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spanish Mountain Gold Ltd from 1999 to 2024, covering 26 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 SPA market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 6.0% | CA$6.33 Million | CA$104.99 Million | CA$7.20 Million | CA$877.90K | ▲ +2.8 pp |
| 2023 | 3.2% | CA$3.12 Million | CA$96.56 Million | CA$3.58 Million | CA$464.64K | ▲ +1.2 pp |
| 2022 | 2.1% | CA$1.92 Million | CA$92.42 Million | CA$3.16 Million | CA$1.24 Million | ▼ -4.3 pp |
| 2021 | 6.3% | CA$5.81 Million | CA$91.70 Million | CA$7.26 Million | CA$1.45 Million | ▼ -4.9 pp |
| 2020 | 11.2% | CA$10.23 Million | CA$91.35 Million | CA$12.02 Million | CA$1.79 Million | ▲ +10.7 pp |
| 2019 | 0.5% | CA$380.11K | CA$76.57 Million | CA$875.58K | CA$495.48K | ▼ -1.2 pp |
| 2018 | 1.7% | CA$1.27 Million | CA$76.63 Million | CA$1.68 Million | CA$410.87K | ▼ -2.5 pp |
| 2017 | 4.1% | CA$3.18 Million | CA$76.89 Million | CA$3.47 Million | CA$285.20K | ▲ +1.0 pp |
| 2016 | 3.2% | CA$2.45 Million | CA$76.95 Million | CA$2.85 Million | CA$399.38K | ▲ +4.0 pp |
| 2015 | -0.8% | CA$-629.76K | CA$75.43 Million | CA$436.63K | CA$1.07 Million | ▼ -0.1 pp |
| 2014 | -0.7% | CA$-556.02K | CA$75.32 Million | CA$235.34K | CA$791.36K | ▼ -2.5 pp |
| 2013 | 1.8% | CA$1.34 Million | CA$74.98 Million | CA$2.73 Million | CA$1.39 Million | ▼ -4.3 pp |
| 2012 | 6.1% | CA$4.83 Million | CA$79.32 Million | CA$6.87 Million | CA$2.04 Million | ▼ -14.4 pp |
| 2011 | 20.5% | CA$15.60 Million | CA$76.22 Million | CA$19.45 Million | CA$3.85 Million | ▲ +14.8 pp |
| 2010 | 5.7% | CA$3.03 Million | CA$53.48 Million | CA$5.08 Million | CA$2.05 Million | ▲ +14.4 pp |
| 2009 | -8.7% | CA$-4.30 Million | CA$49.48 Million | CA$4.64 Million | CA$8.95 Million | ▼ -22.1 pp |
| 2008 | 13.4% | CA$6.42 Million | CA$47.78 Million | CA$6.99 Million | CA$568.72K | ▼ -25.6 pp |
| 2007 | 39.1% | CA$7.63 Million | CA$19.54 Million | CA$8.18 Million | CA$546.50K | ▼ -23.8 pp |
| 2006 | 62.8% | CA$10.78 Million | CA$17.16 Million | CA$10.92 Million | CA$147.86K | ▲ +27.3 pp |
| 2005 | 35.5% | CA$1.19 Million | CA$3.36 Million | CA$1.22 Million | CA$29.09K | ▲ +46.9 pp |
| 2004 | -11.4% | CA$-86.41K | CA$758.66K | CA$28.55K | CA$114.96K | ▼ -33.2 pp |
| 2003 | 21.8% | CA$137.84K | CA$633.17K | CA$151.41K | CA$13.57K | ▼ -48.9 pp |
| 2002 | 70.7% | CA$142.32K | CA$201.32K | CA$160.35K | CA$18.03K | ▼ -29.3 pp |
| 2001 | 100.0% | CA$31.50K | CA$31.50K | CA$64.84K | CA$33.34K | ▲ +0.0 pp |
| 2000 | 100.0% | CA$141.85K | CA$141.85K | CA$148.37K | CA$6.52K | ▲ +0.0 pp |
| 1999 | 100.0% | CA$141.57K | CA$141.57K | CA$158.70K | CA$17.12K | — |