Pineapple Financial Inc. (PAPL) — Working Capital to Net Assets Ratio
Pineapple Financial Inc. (PAPL) has a Working Capital to Net Assets ratio of -120.7% as of May 2025. Working capital of $-1.02 Million (current assets of $1.40 Million minus current liabilities of $2.41 Million) is measured against net assets of $842.57K. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Pineapple Financial Inc. to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pineapple Financial Inc. Working Capital to Net Assets (2020–2024)
This chart shows how Pineapple Financial Inc.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2020 to 2024. As of May 2025, the ratio stands at -120.7%, reflecting working capital of $-1.02 Million against net assets of $842.57K USD. See Pineapple Financial Inc. (PAPL) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Pineapple Financial Inc. (2020–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pineapple Financial Inc. from 2020 to 2024, covering 5 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 value of Pineapple Financial Inc..
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |