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$1.68 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Advantage Oil & Gas Ltd. to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Advantage Oil & Gas Ltd. Working Capital to Net Assets (1985–2024)
This chart shows how Advantage Oil & Gas Ltd.'s Working Capital to Net Assets ratio has evolved across 37 annual periods from 1985 to 2024. As of September 2025, the ratio stands at -11.9%, reflecting working capital of CA$-200.10 Million against net assets of CA$1.68 Billion CAD. For the complete balance sheet picture, see Advantage Oil & Gas Ltd. asset portfolio.
Annual Working Capital to Net Assets for Advantage Oil & Gas Ltd. (1985–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Advantage Oil & Gas Ltd. from 1985 to 2024, covering 37 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check AAV asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -5.3% | CA$-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 | — |