Visible Gold Mines Inc (VGD) — Working Capital to Net Assets Ratio
Visible Gold Mines Inc (VGD) has a Working Capital to Net Assets ratio of 25.9% as of January 2026. Working capital of CA$679.69K (current assets of CA$751.74K minus current liabilities of CA$72.05K) is measured against net assets of CA$2.62 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See VGD financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Visible Gold Mines Inc Working Capital to Net Assets (2007–2025)
This chart shows how Visible Gold Mines Inc's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of January 2026, the ratio stands at 25.9%, reflecting working capital of CA$679.69K against net assets of CA$2.62 Million CAD. See Visible Gold Mines Inc (VGD) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Visible Gold Mines Inc (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Visible Gold Mines Inc from 2007 to 2025, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Visible Gold Mines Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 113.5% | CA$-608.17K | CA$-535.64K | CA$30.48K | CA$638.65K | ▼ -54.8 pp |
| 2024 | 168.4% | CA$-324.82K | CA$-192.92K | CA$44.16K | CA$368.97K | ▲ +184.6 pp |
| 2023 | -16.3% | CA$-88.08K | CA$541.53K | CA$92.44K | CA$180.52K | ▼ -21.3 pp |
| 2022 | 5.0% | CA$68.07K | CA$1.36 Million | CA$186.66K | CA$118.59K | ▼ -0.7 pp |
| 2021 | 5.7% | CA$310.56K | CA$5.43 Million | CA$355.17K | CA$44.61K | ▲ +13.4 pp |
| 2020 | -7.7% | CA$-369.58K | CA$4.80 Million | CA$31.84K | CA$401.41K | ▼ -0.2 pp |
| 2019 | -7.5% | CA$-351.79K | CA$4.70 Million | CA$87.99K | CA$439.78K | ▼ -4.0 pp |
| 2018 | -3.5% | CA$-276.10K | CA$7.85 Million | CA$101.09K | CA$377.19K | ▼ -8.4 pp |
| 2017 | 4.9% | CA$398.40K | CA$8.14 Million | CA$484.76K | CA$86.36K | ▼ -13.3 pp |
| 2016 | 18.2% | CA$1.60 Million | CA$8.81 Million | CA$1.80 Million | CA$204.76K | ▲ +0.2 pp |
| 2015 | 18.0% | CA$1.39 Million | CA$7.69 Million | CA$1.69 Million | CA$308.35K | ▲ +8.5 pp |
| 2014 | 9.5% | CA$940.92K | CA$9.87 Million | CA$1.03 Million | CA$84.79K | ▼ -5.6 pp |
| 2013 | 15.1% | CA$1.61 Million | CA$10.69 Million | CA$1.67 Million | CA$57.24K | ▼ -7.3 pp |
| 2012 | 22.4% | CA$2.96 Million | CA$13.22 Million | CA$3.35 Million | CA$391.20K | ▼ -4.4 pp |
| 2011 | 26.7% | CA$3.22 Million | CA$12.07 Million | CA$4.60 Million | CA$1.37 Million | ▲ +5.8 pp |
| 2010 | 20.9% | CA$961.05K | CA$4.59 Million | CA$1.05 Million | CA$85.02K | ▼ -12.1 pp |
| 2009 | 33.0% | CA$1.68 Million | CA$5.08 Million | CA$1.68 Million | CA$2.01K | ▼ -4.1 pp |
| 2008 | 37.1% | CA$1.89 Million | CA$5.10 Million | CA$2.65 Million | CA$760.59K | ▼ -4.8 pp |
| 2007 | 41.9% | CA$2.32 Million | CA$5.52 Million | CA$2.55 Million | CA$231.01K | — |