Nextel Medical Working Capital Growth & History (MAJI)

Nextel Medical's working capital was −$386,511 for fiscal 2020.

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Nextel Medical annual working capital history

Nextel Medical annual working capital

Fiscal yearPeriod endedWorking capitalChangeGrowth
20202020-04-30−$386,511−$172,225
20192019-04-30−$214,286−$125,164
20182018-04-30−$89,122
20122012-04-30−$274,446−$243,127
20112011-04-30−$31,319

Nextel Medical working capital trends

Between the periods ended 2011-04-30 and 2020-04-30, Nextel Medical's working capital decreased from −$31,319 to −$386,511, a change of −$355,192. The latest reported quarter, Q1 2021, shows −$463,253.

About the metric

What working capital means

Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.

Calculation and source

How working capital is calculated

TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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