Tearlach Resources Ltd Working Capital to Net Assets Ratio
Tearlach Resources Ltd working capital to net assets ratio. Tearlach Resources Ltd (TEA) has a Working Capital to Net Assets ratio of -67.6% as of June 2024. Working capital of CA$-985.43K (current assets of CA$35.75K minus current liabilities of CA$1.02 Million) is measured against net assets of CA$1.46 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Tearlach Resources Ltd to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Tearlach Resources Ltd (2017–2023)
Working capital to net assets ratio of Tearlach Resources Ltd from 2017 to 2023. This chart shows how Tearlach Resources Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2017 to 2023. As of June 2024, the ratio stands at -67.6%, reflecting working capital of CA$-985.43K against net assets of CA$1.46 Million CAD. See TEA defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Tearlach Resources Ltd Working Capital to Net Assets Ratio by Year (2017–2023)
Tearlach Resources Ltd working capital to net assets ratio by year from 2017 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Tearlach Resources Ltd from 2017 to 2023, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Tearlach Resources Ltd balance sheet assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -0.7% | CA$-27.11K | CA$3.89 Million | CA$428.85K | CA$455.96K | ▼ -120.4 pp |
| 2022 | 119.7% | CA$-479.65K | CA$-400.60K | CA$55.27K | CA$534.91K | ▲ +114.0 pp |
| 2021 | 5.8% | CA$-14.26K | CA$-247.55K | CA$208.37K | CA$222.63K | ▼ -16.0 pp |
| 2020 | 21.8% | CA$-46.62K | CA$-213.81K | CA$2.49K | CA$49.11K | ▼ -78.2 pp |
| 2019 | 100.0% | CA$-164.04K | CA$-164.04K | CA$1.86K | CA$165.89K | ▲ +51.3 pp |
| 2018 | 48.7% | CA$-1.92 Million | CA$-3.95 Million | CA$3.02K | CA$1.92 Million | ▲ +4.5 pp |
| 2017 | 44.2% | CA$-1.60 Million | CA$-3.63 Million | CA$1.85K | CA$1.61 Million | — |