Voyageur Pharmaceuticals Ltd (VM) — Working Capital to Net Assets Ratio
Voyageur Pharmaceuticals Ltd (VM) has a Working Capital to Net Assets ratio of -97.1% as of November 2025. Working capital of CA$-1.22 Million (current assets of CA$596.47K minus current liabilities of CA$1.81 Million) is measured against net assets of CA$1.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Voyageur Pharmaceuticals Ltd (VM) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Voyageur Pharmaceuticals Ltd Working Capital to Net Assets (2011–2025)
This chart shows how Voyageur Pharmaceuticals Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of November 2025, the ratio stands at -97.1%, reflecting working capital of CA$-1.22 Million against net assets of CA$1.25 Million CAD. See VM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Voyageur Pharmaceuticals Ltd (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Voyageur Pharmaceuticals Ltd from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Voyageur Pharmaceuticals Ltd (VM) total market value.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -97.1% | CA$-1.22 Million | CA$1.25 Million | CA$596.47K | CA$1.81 Million | ▲ +288.7 pp |
| 2024 | -385.8% | CA$-1.74 Million | CA$449.96K | CA$358.62K | CA$2.09 Million | ▼ -345.0 pp |
| 2023 | -40.8% | CA$-585.25K | CA$1.44 Million | CA$88.63K | CA$673.88K | ▼ -11.1 pp |
| 2022 | -29.6% | CA$-434.13K | CA$1.46 Million | CA$157.18K | CA$591.31K | ▼ -43.6 pp |
| 2021 | 14.0% | CA$266.21K | CA$1.91 Million | CA$887.32K | CA$621.12K | ▲ +302.8 pp |
| 2020 | -288.8% | CA$-884.80K | CA$306.33K | CA$25.52K | CA$910.32K | ▼ -233.4 pp |
| 2019 | -55.4% | CA$-418.05K | CA$754.09K | CA$396.55K | CA$814.60K | ▲ +9.8 pp |
| 2018 | -65.2% | CA$-336.23K | CA$515.68K | CA$229.49K | CA$565.72K | ▼ -621.6 pp |
| 2017 | 556.4% | CA$-496.52K | CA$-89.24K | CA$92.34K | CA$588.86K | ▲ +456.4 pp |
| 2016 | 100.0% | CA$670.46K | CA$670.46K | CA$709.32K | CA$38.86K | ▲ +0.0 pp |
| 2015 | 100.0% | CA$80.07K | CA$80.07K | CA$89.36K | CA$9.28K | ▲ +0.0 pp |
| 2014 | 100.0% | CA$81.56K | CA$81.56K | CA$160.00K | CA$78.45K | ▲ +0.0 pp |
| 2013 | 100.0% | CA$176.02K | CA$176.02K | CA$184.60K | CA$8.58K | ▲ +0.0 pp |
| 2012 | 100.0% | CA$221.34K | CA$221.34K | CA$244.82K | CA$23.47K | ▲ +0.0 pp |
| 2011 | 100.0% | CA$185.00K | CA$185.00K | CA$206.21K | CA$21.21K | — |