Sparx Technology Inc Working Capital to Net Assets Ratio
Sparx Technology Inc 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. Check tangible equity quality of Sparx Technology Inc 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 Sparx Technology Inc (2022–2023)
Working capital to net assets ratio of Sparx Technology Inc from 2022 to 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. See Sparx Technology Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Sparx Technology Inc Working Capital to Net Assets Ratio by Year (2022–2023)
Sparx Technology Inc working capital to net assets ratio by year from 2022 to 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. For the complete balance sheet picture, see Sparx Technology Inc asset portfolio.
| 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 | — |