Teras Resources Inc (TRA) — Working Capital to Net Assets Ratio
Teras Resources Inc (TRA) has a Working Capital to Net Assets ratio of 112.7% as of February 2023. Working capital of CA$-663.36K (current assets of CA$269.37K minus current liabilities of CA$932.72K) is measured against net assets of CA$-588.58K. A higher ratio indicates strong short-term liquidity financed by the equity base. See Teras Resources Inc (TRA) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Teras Resources Inc Working Capital to Net Assets (2011–2022)
This chart shows how Teras Resources Inc's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2011 to 2022. As of February 2023, the ratio stands at 112.7%, reflecting working capital of CA$-663.36K against net assets of CA$-588.58K CAD. Check TRA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Teras Resources Inc (2011–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Teras Resources Inc from 2011 to 2022, covering 12 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 market cap of Teras Resources Inc.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 190.9% | CA$-146.19K | CA$-76.57K | CA$651.93K | CA$798.12K | ▲ +191.8 pp |
| 2021 | -0.9% | CA$-223.64K | CA$25.68 Million | CA$776.56K | CA$1.00 Million | ▲ +1.1 pp |
| 2020 | -2.0% | CA$-503.67K | CA$25.11 Million | CA$374.07K | CA$877.73K | ▼ -1.8 pp |
| 2019 | -0.2% | CA$-39.37K | CA$25.22 Million | CA$245.93K | CA$285.30K | ▼ -0.7 pp |
| 2018 | 0.6% | CA$145.59K | CA$25.13 Million | CA$327.03K | CA$181.45K | ▼ -1.4 pp |
| 2017 | 2.0% | CA$499.27K | CA$24.64 Million | CA$699.52K | CA$200.25K | ▲ +1.1 pp |
| 2016 | 0.9% | CA$209.89K | CA$23.88 Million | CA$435.09K | CA$225.20K | ▼ -1.5 pp |
| 2015 | 2.4% | CA$574.60K | CA$23.70 Million | CA$1.19 Million | CA$616.35K | ▼ -0.9 pp |
| 2014 | 3.3% | CA$747.58K | CA$22.60 Million | CA$1.93 Million | CA$1.18 Million | ▲ +3.3 pp |
| 2013 | 0.0% | CA$-1.33K | CA$15.92 Million | CA$1.22 Million | CA$1.22 Million | ▼ -23.1 pp |
| 2012 | 23.1% | CA$3.99 Million | CA$17.27 Million | CA$4.71 Million | CA$717.87K | ▲ +5.3 pp |
| 2011 | 17.8% | CA$1.63 Million | CA$9.18 Million | CA$2.37 Million | CA$740.01K | — |