Africa Oil Corp (AOI) — Working Capital to Net Assets Ratio
Africa Oil Corp (AOI) has a Working Capital to Net Assets ratio of 19.9% as of March 2025. Working capital of CA$183.50 Million (current assets of CA$735.10 Million minus current liabilities of CA$551.60 Million) is measured against net assets of CA$922.20 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Africa Oil Corp financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Africa Oil Corp Working Capital to Net Assets (2000–2024)
This chart shows how Africa Oil Corp's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2000 to 2024. As of March 2025, the ratio stands at 19.9%, reflecting working capital of CA$183.50 Million against net assets of CA$922.20 Million CAD. See defensive interval ratio of Africa Oil Corp to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Africa Oil Corp (2000–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Africa Oil Corp from 2000 to 2024, covering 25 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 AOI stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 11.3% | CA$62.10 Million | CA$548.80 Million | CA$76.70 Million | CA$14.60 Million | ▼ -12.7 pp |
| 2023 | 24.0% | CA$214.70 Million | CA$894.60 Million | CA$237.10 Million | CA$22.40 Million | ▲ +5.1 pp |
| 2022 | 18.9% | CA$156.60 Million | CA$830.60 Million | CA$201.10 Million | CA$44.50 Million | ▲ +13.4 pp |
| 2021 | 5.5% | CA$51.92 Million | CA$948.06 Million | CA$59.54 Million | CA$7.62 Million | ▲ +1.6 pp |
| 2020 | 3.9% | CA$29.32 Million | CA$754.29 Million | CA$41.86 Million | CA$12.54 Million | ▼ -34.0 pp |
| 2019 | 37.9% | CA$290.75 Million | CA$766.70 Million | CA$333.73 Million | CA$42.98 Million | ▲ +1.0 pp |
| 2018 | 37.0% | CA$340.75 Million | CA$922.08 Million | CA$372.12 Million | CA$31.37 Million | ▼ -7.9 pp |
| 2017 | 44.8% | CA$436.29 Million | CA$973.45 Million | CA$468.50 Million | CA$32.21 Million | ▲ +0.3 pp |
| 2016 | 44.5% | CA$434.99 Million | CA$977.44 Million | CA$464.49 Million | CA$29.50 Million | ▲ +39.5 pp |
| 2015 | 5.0% | CA$49.52 Million | CA$991.88 Million | CA$105.83 Million | CA$56.31 Million | ▲ +3.7 pp |
| 2014 | 1.3% | CA$10.57 Million | CA$797.05 Million | CA$164.07 Million | CA$153.50 Million | ▼ -46.0 pp |
| 2013 | 47.3% | CA$439.81 Million | CA$929.85 Million | CA$497.78 Million | CA$57.98 Million | ▲ +1.6 pp |
| 2012 | 45.7% | CA$237.67 Million | CA$520.15 Million | CA$276.15 Million | CA$38.48 Million | ▲ +13.0 pp |
| 2011 | 32.7% | CA$90.20 Million | CA$275.95 Million | CA$115.48 Million | CA$25.28 Million | ▼ -9.0 pp |
| 2010 | 41.7% | CA$70.46 Million | CA$169.05 Million | CA$79.04 Million | CA$8.58 Million | ▲ +27.2 pp |
| 2009 | 14.5% | CA$12.90 Million | CA$89.23 Million | CA$17.05 Million | CA$4.15 Million | ▲ +53.5 pp |
| 2008 | -39.0% | CA$-9.71 Million | CA$24.87 Million | CA$623.90K | CA$10.34 Million | ▼ -111.2 pp |
| 2007 | 72.2% | CA$17.81 Million | CA$24.68 Million | CA$18.17 Million | CA$358.52K | ▼ -27.8 pp |
| 2006 | 100.0% | CA$5.79 Million | CA$5.79 Million | CA$5.82 Million | CA$36.89K | ▲ +0.0 pp |
| 2005 | 100.0% | CA$2.48 Million | CA$2.48 Million | CA$2.83 Million | CA$348.02K | ▲ +0.0 pp |
| 2004 | 100.0% | CA$81.11K | CA$81.11K | CA$115.96K | CA$34.86K | ▲ +0.0 pp |
| 2003 | 100.0% | CA$-4.85K | CA$-4.85K | CA$88.89K | CA$93.75K | ▲ +0.0 pp |
| 2002 | 100.0% | CA$42.61K | CA$42.61K | CA$317.40K | CA$274.79K | ▲ +0.0 pp |
| 2001 | 100.0% | CA$-384.53K | CA$-384.53K | CA$10.68K | CA$395.22K | ▲ +0.0 pp |
| 2000 | 100.0% | CA$-294.80K | CA$-294.80K | CA$45.61K | CA$340.41K | — |