Therma Bright Inc (THRM) — Working Capital to Net Assets Ratio
Therma Bright Inc (THRM) has a Working Capital to Net Assets ratio of 103.2% as of October 2025. Working capital of CA$-1.57 Million (current assets of CA$358.25K minus current liabilities of CA$1.92 Million) is measured against net assets of CA$-1.52 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Therma Bright Inc net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Therma Bright Inc Working Capital to Net Assets (2001–2025)
This chart shows how Therma Bright Inc's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2001 to 2025. As of October 2025, the ratio stands at 103.2%, reflecting working capital of CA$-1.57 Million against net assets of CA$-1.52 Million CAD. Check tangible equity quality of Therma Bright Inc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Therma Bright Inc (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Therma Bright Inc from 2001 to 2025, covering 23 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 THRM market cap overview.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 103.2% | CA$-1.62 Million | CA$-1.57 Million | CA$197.82K | CA$1.81 Million | ▲ +214.6 pp |
| 2024 | -111.3% | CA$-1.47 Million | CA$1.32 Million | CA$391.68K | CA$1.87 Million | ▲ +3669.4 pp |
| 2023 | -3780.7% | CA$-1.69 Million | CA$44.79K | CA$445.88K | CA$2.14 Million | ▼ -3868.9 pp |
| 2022 | 88.1% | CA$2.42 Million | CA$2.75 Million | CA$3.58 Million | CA$1.16 Million | ▲ +7.0 pp |
| 2021 | 81.1% | CA$1.07 Million | CA$1.32 Million | CA$1.95 Million | CA$887.12K | ▼ -15.9 pp |
| 2020 | 97.0% | CA$217.16K | CA$223.97K | CA$1.10 Million | CA$884.32K | ▲ +7.5 pp |
| 2019 | 89.5% | CA$-256.21K | CA$-286.40K | CA$33.33K | CA$289.55K | ▲ +181.6 pp |
| 2018 | -92.1% | CA$65.94K | CA$-71.59K | CA$291.75K | CA$225.81K | ▼ -167.2 pp |
| 2017 | 75.1% | CA$-670.91K | CA$-893.85K | CA$150.89K | CA$821.80K | ▲ +12.0 pp |
| 2016 | 63.1% | CA$-1.03 Million | CA$-1.63 Million | CA$117.00 | CA$1.03 Million | ▲ +5.4 pp |
| 2015 | 57.8% | CA$-820.33K | CA$-1.42 Million | CA$245.00 | CA$820.57K | ▼ -42.2 pp |
| 2014 | 100.0% | CA$-5.52 Million | CA$-5.52 Million | CA$50.75K | CA$5.57 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$-5.62 Million | CA$-5.62 Million | CA$51.75K | CA$5.67 Million | ▲ +0.0 pp |
| 2012 | 100.0% | CA$-6.61 Million | CA$-6.61 Million | CA$848.00 | CA$6.61 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$-5.83 Million | CA$-5.83 Million | CA$1.28K | CA$5.84 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$-5.03 Million | CA$-5.03 Million | CA$1.00K | CA$5.03 Million | ▲ +34.6 pp |
| 2008 | 65.4% | CA$-2.32 Million | CA$-3.54 Million | CA$112.56K | CA$2.43 Million | ▼ -1.6 pp |
| 2007 | 67.0% | CA$-1.34 Million | CA$-2.00 Million | CA$656.69K | CA$1.99 Million | ▲ +86.4 pp |
| 2006 | -19.3% | CA$282.65K | CA$-1.46 Million | CA$744.75K | CA$462.10K | ▼ -5.2 pp |
| 2005 | -14.2% | CA$140.43K | CA$-991.06K | CA$291.03K | CA$150.60K | ▲ +314.8 pp |
| 2004 | -329.0% | CA$386.49K | CA$-117.47K | CA$432.36K | CA$45.86K | ▼ -346.6 pp |
| 2002 | 17.6% | CA$282.69K | CA$1.61 Million | CA$330.97K | CA$48.28K | ▼ -65.2 pp |
| 2001 | 82.8% | CA$524.40K | CA$633.46K | CA$532.75K | CA$8.35K | — |