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$1.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Voyageur Pharmaceuticals Ltd balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Voyageur Pharmaceuticals Ltd Working Capital to Net Assets (2011–2025)
This chart shows how Voyageur Pharmaceuticals Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of November 2025, the ratio stands at -97.1%, reflecting working capital of CA$-1.22 Million against net assets of CA$1.25 Million CAD. Check tangible equity quality of Voyageur Pharmaceuticals Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Voyageur Pharmaceuticals Ltd (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Voyageur Pharmaceuticals Ltd from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Voyageur Pharmaceuticals Ltd.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -97.1% | CA$-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 | — |