Sparx Technology Inc (SPRX) — Working Capital to Net Assets Ratio
Sparx Technology Inc (SPRX) has a Working Capital to Net Assets ratio of 49.8% as of December 2023. Working capital of CA$-599.31K (current assets of CA$113.13K minus current liabilities of CA$712.44K) is measured against net assets of CA$-1.20 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Sparx Technology Inc 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
Sparx Technology Inc Working Capital to Net Assets (2022–2023)
This chart shows how Sparx Technology Inc's Working Capital to Net Assets ratio has evolved across 2 annual periods from 2022 to 2023. As of December 2023, the ratio stands at 49.8%, reflecting working capital of CA$-599.31K against net assets of CA$-1.20 Million CAD. For the complete balance sheet picture, see Sparx Technology Inc total assets.
Annual Working Capital to Net Assets for Sparx Technology Inc (2022–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sparx Technology Inc from 2022 to 2023, covering 2 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. Read SPRX total liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 67.6% | CA$-717.01K | CA$-1.06 Million | CA$117.20K | CA$834.21K | ▼ -49.5 pp |
| 2022 | 117.1% | CA$730.68K | CA$623.98K | CA$1.25 Million | CA$519.48K | — |