Pineapple Financial Inc. (PAPL) — Working Capital to Net Assets Ratio
Pineapple Financial Inc. (PAPL) has a Working Capital to Net Assets ratio of 14.7% as of February 2026. Working capital of $3.99 Million (current assets of $23.11 Million minus current liabilities of $19.12 Million) is measured against net assets of $27.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Pineapple Financial Inc. fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pineapple Financial Inc. Working Capital to Net Assets (2020–2025)
This chart shows how Pineapple Financial Inc.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of February 2026, the ratio stands at 14.7%, reflecting working capital of $3.99 Million against net assets of $27.10 Million USD. For the complete balance sheet picture, see how large is Pineapple Financial Inc.'s balance sheet.
Annual Working Capital to Net Assets for Pineapple Financial Inc. (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pineapple Financial Inc. from 2020 to 2025, covering 6 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. Check Pineapple Financial Inc. (PAPL) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -75.2% | $-682.10K | $906.68K | $2.32 Million | $3.00 Million | ▼ -37.8 pp |
| 2024 | -37.5% | $-505.42K | $1.35 Million | $893.49K | $1.40 Million | ▼ -66.8 pp |
| 2023 | 29.3% | $523.71K | $1.79 Million | $1.70 Million | $1.17 Million | ▼ -50.7 pp |
| 2022 | 80.0% | $3.70 Million | $4.63 Million | $4.48 Million | $782.14K | ▼ -17.9 pp |
| 2021 | 97.9% | $6.78 Million | $6.92 Million | $7.23 Million | $449.75K | ▼ -22.2 pp |
| 2020 | 120.1% | $188.33K | $156.77K | $388.48K | $200.15K | — |