Aquila Resources Inc T.AQA

Primary Symbol: AQARF

Metals & Mining Industrial Metals & Minerals

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.

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Aquila Resources Inc > year end comments

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Comment by luke1234on Apr 07, 2021 4:38pm

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Post# 32951317

RE:RE:RE:RE:year end comments

Hi, Invidious1

I am not quite sure what you mean, but the calculation is as follows:

Current Assets - Current liabilities less warrants payable = net working capital
1.933.396 - (2.696.641 - 5.399) = -757.846

From the perspective of liquidity, the higher the (net) working capital, the less potential liquidity trouble a company can find itself in. Namely, if current liabilities have to be repaid and the company is unable to refinance them, current assets are usually the more liquid part of assets and can be turned into cash relatively quickly and used to repay liabilities. So, the higher the Current Assets / Current Liabilities ratio is, the better the liquidity position of a company is. Does that answer your quiestion?

Regards, Luka

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