Turmalina Metals Corp (TBX) — Working Capital to Net Assets Ratio
Turmalina Metals Corp (TBX) has a Working Capital to Net Assets ratio of 114.8% as of December 2024. Working capital of CA$-1.45 Million (current assets of CA$124.33K minus current liabilities of CA$1.58 Million) is measured against net assets of CA$-1.26 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TBX FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Turmalina Metals Corp Working Capital to Net Assets (2018–2024)
This chart shows how Turmalina Metals Corp's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of December 2024, the ratio stands at 114.8%, reflecting working capital of CA$-1.45 Million against net assets of CA$-1.26 Million CAD. See Turmalina Metals Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Turmalina Metals Corp (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Turmalina Metals Corp from 2018 to 2024, covering 7 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 Turmalina Metals Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 114.8% | CA$-1.45 Million | CA$-1.26 Million | CA$124.33K | CA$1.58 Million | ▲ +146.5 pp |
| 2023 | -31.7% | CA$-440.64K | CA$1.39 Million | CA$87.38K | CA$528.02K | ▼ -11.3 pp |
| 2022 | -20.4% | CA$-387.30K | CA$1.90 Million | CA$115.55K | CA$502.85K | ▼ -92.7 pp |
| 2021 | 72.3% | CA$4.03 Million | CA$5.57 Million | CA$4.14 Million | CA$114.69K | ▼ -21.5 pp |
| 2020 | 93.8% | CA$10.15 Million | CA$10.82 Million | CA$10.35 Million | CA$202.62K | ▲ +3.1 pp |
| 2019 | 90.6% | CA$5.20 Million | CA$5.74 Million | CA$5.69 Million | CA$483.79K | ▼ -45.4 pp |
| 2018 | 136.1% | CA$-295.33K | CA$-217.02K | CA$23.44K | CA$318.77K | — |