Tearlach Resources Ltd (TEA) — 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$1.46 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Tearlach Resources Ltd's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tearlach Resources Ltd Working Capital to Net Assets (2017–2023)
This chart shows how Tearlach Resources Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2017 to 2023. As of June 2024, the ratio stands at -67.6%, reflecting working capital of CA$-985.43K against net assets of CA$1.46 Million CAD. Check TEA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tearlach Resources Ltd (2017–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tearlach Resources Ltd from 2017 to 2023, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see TEA market cap overview.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -0.7% | CA$-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 | — |