Voyageur Pharmaceuticals Ltd Working Capital to Net Assets Ratio
Voyageur Pharmaceuticals Ltd 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$1.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Voyageur Pharmaceuticals Ltd (2011–2025)
Working capital to net assets ratio of Voyageur Pharmaceuticals Ltd from 2011 to 2025. This chart shows how Voyageur Pharmaceuticals Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of November 2025, the ratio stands at -97.1%, reflecting working capital of CA$-1.22 Million against net assets of CA$1.25 Million CAD. See Voyageur Pharmaceuticals Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Voyageur Pharmaceuticals Ltd Working Capital to Net Assets Ratio by Year (2011–2025)
Voyageur Pharmaceuticals Ltd working capital to net assets ratio by year from 2011 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Voyageur Pharmaceuticals Ltd from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Voyageur Pharmaceuticals Ltd asset portfolio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -97.1% | CA$-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 | — |