Advantage Oil & Gas Ltd. (AAV) — Working Capital to Net Assets Ratio
Advantage Oil & Gas Ltd. (AAV) has a Working Capital to Net Assets ratio of -11.9% as of September 2025. Working capital of CA$-200.10 Million (current assets of CA$133.49 Million minus current liabilities of CA$333.59 Million) is measured against net assets of CA$1.68 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AAV equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Advantage Oil & Gas Ltd. Working Capital to Net Assets (1985–2024)
This chart shows how Advantage Oil & Gas Ltd.'s Working Capital to Net Assets ratio has evolved across 37 annual periods from 1985 to 2024. As of September 2025, the ratio stands at -11.9%, reflecting working capital of CA$-200.10 Million against net assets of CA$1.68 Billion CAD. Check tangible net worth ratio of Advantage Oil & Gas Ltd. to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Advantage Oil & Gas Ltd. (1985–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Advantage Oil & Gas Ltd. from 1985 to 2024, covering 37 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Advantage Oil & Gas Ltd. (AAV) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -5.3% | CA$-86.82 Million | CA$1.63 Billion | CA$163.69 Million | CA$250.51 Million | ▼ -6.9 pp |
| 2023 | 1.5% | CA$24.02 Million | CA$1.56 Billion | CA$120.46 Million | CA$96.44 Million | ▼ -3.0 pp |
| 2022 | 4.5% | CA$70.92 Million | CA$1.56 Billion | CA$178.73 Million | CA$107.80 Million | ▲ +5.3 pp |
| 2021 | -0.8% | CA$-11.62 Million | CA$1.46 Billion | CA$83.77 Million | CA$95.39 Million | ▲ +0.8 pp |
| 2020 | -1.6% | CA$-16.36 Million | CA$1.04 Billion | CA$40.65 Million | CA$57.02 Million | ▼ -0.2 pp |
| 2019 | -1.4% | CA$-18.69 Million | CA$1.32 Billion | CA$45.93 Million | CA$64.62 Million | ▼ -3.5 pp |
| 2018 | 2.1% | CA$27.59 Million | CA$1.33 Billion | CA$66.48 Million | CA$38.89 Million | ▲ +0.6 pp |
| 2017 | 1.5% | CA$19.17 Million | CA$1.31 Billion | CA$70.29 Million | CA$51.12 Million | ▲ +3.1 pp |
| 2016 | -1.6% | CA$-19.25 Million | CA$1.21 Billion | CA$28.72 Million | CA$47.97 Million | ▼ -4.3 pp |
| 2015 | 2.7% | CA$29.81 Million | CA$1.12 Billion | CA$52.86 Million | CA$23.05 Million | ▲ +12.9 pp |
| 2014 | -10.2% | CA$-111.61 Million | CA$1.09 Billion | CA$56.07 Million | CA$167.68 Million | ▼ -4.7 pp |
| 2013 | -5.5% | CA$-66.72 Million | CA$1.20 Billion | CA$35.52 Million | CA$102.23 Million | ▼ -8.9 pp |
| 2012 | 3.3% | CA$40.25 Million | CA$1.21 Billion | CA$262.86 Million | CA$222.62 Million | ▲ +10.9 pp |
| 2011 | -7.5% | CA$-93.38 Million | CA$1.24 Billion | CA$48.39 Million | CA$141.76 Million | ▲ +1.5 pp |
| 2010 | -9.0% | CA$-109.11 Million | CA$1.21 Billion | CA$73.92 Million | CA$183.03 Million | ▼ -0.5 pp |
| 2009 | -8.5% | CA$-104.99 Million | CA$1.24 Billion | CA$95.30 Million | CA$200.29 Million | ▲ +1.2 pp |
| 2008 | -9.7% | CA$-117.47 Million | CA$1.21 Billion | CA$140.42 Million | CA$257.89 Million | ▼ -8.0 pp |
| 2007 | -1.7% | CA$-23.30 Million | CA$1.38 Billion | CA$124.49 Million | CA$147.79 Million | ▲ +1.1 pp |
| 2006 | -2.8% | CA$-32.81 Million | CA$1.16 Billion | CA$106.25 Million | CA$139.07 Million | ▲ +4.7 pp |
| 2005 | -7.5% | CA$-31.61 Million | CA$421.46 Million | CA$59.58 Million | CA$91.19 Million | ▲ +49.4 pp |
| 2004 | -56.9% | CA$-307.11 Million | CA$539.81 Million | CA$48.96 Million | CA$356.07 Million | ▼ -16.4 pp |
| 2003 | -40.5% | CA$-130.52 Million | CA$322.14 Million | CA$34.18 Million | CA$164.70 Million | ▲ +25.4 pp |
| 2002 | -65.9% | CA$-121.28 Million | CA$184.05 Million | CA$24.06 Million | CA$145.34 Million | ▼ -62.1 pp |
| 2001 | -3.8% | CA$-5.10 Million | CA$134.56 Million | CA$13.10 Million | CA$18.20 Million | ▼ -58.9 pp |
| 1997 | 55.1% | CA$57.74 Million | CA$104.81 Million | CA$70.96 Million | CA$13.23 Million | ▼ -1.0 pp |
| 1996 | 56.0% | CA$64.10 Million | CA$114.38 Million | CA$80.95 Million | CA$16.85 Million | ▼ -13.1 pp |
| 1995 | 69.1% | CA$376.58 Million | CA$544.85 Million | CA$1.38 Billion | CA$1.00 Billion | ▼ -19.9 pp |
| 1994 | 89.0% | CA$623.52 Million | CA$700.53 Million | CA$1.72 Billion | CA$1.10 Billion | ▲ +13.8 pp |
| 1993 | 75.2% | CA$518.61 Million | CA$689.77 Million | CA$1.40 Billion | CA$877.25 Million | ▲ +2.9 pp |
| 1992 | 72.3% | CA$468.88 Million | CA$648.72 Million | CA$1.36 Billion | CA$893.53 Million | ▲ +18.1 pp |
| 1991 | 54.2% | CA$394.75 Million | CA$728.31 Million | CA$875.33 Million | CA$480.58 Million | ▼ -17.2 pp |
| 1990 | 71.4% | CA$404.05 Million | CA$566.18 Million | CA$753.17 Million | CA$349.12 Million | ▲ +36.7 pp |
| 1989 | 34.7% | CA$311.83 Million | CA$898.29 Million | CA$757.70 Million | CA$445.87 Million | ▼ -18.3 pp |
| 1988 | 53.0% | CA$433.30 Million | CA$817.74 Million | CA$938.25 Million | CA$504.95 Million | ▲ +4.6 pp |
| 1987 | 48.3% | CA$421.68 Million | CA$872.19 Million | CA$951.67 Million | CA$530.00 Million | ▲ +9.6 pp |
| 1986 | 38.8% | CA$377.50 Million | CA$974.06 Million | CA$1.21 Billion | CA$828.54 Million | ▲ +4.9 pp |
| 1985 | 33.8% | CA$431.32 Million | CA$1.27 Billion | CA$1.30 Billion | CA$872.29 Million | — |