Algonquin Power & Utilities Corp (AQN) — Working Capital to Net Assets Ratio
Algonquin Power & Utilities Corp (AQN) has a Working Capital to Net Assets ratio of 4.2% as of September 2025. Working capital of CA$212.50 Million (current assets of CA$1.15 Billion minus current liabilities of CA$934.20 Million) is measured against net assets of CA$5.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AQN financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Algonquin Power & Utilities Corp Working Capital to Net Assets (1997–2024)
This chart shows how Algonquin Power & Utilities Corp's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 4.2%, reflecting working capital of CA$212.50 Million against net assets of CA$5.07 Billion CAD. See Algonquin Power & Utilities Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Algonquin Power & Utilities Corp (1997–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Algonquin Power & Utilities Corp from 1997 to 2024, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Algonquin Power & Utilities Corp market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -5.9% | CA$-362.32 Million | CA$6.18 Billion | CA$1.14 Billion | CA$1.50 Billion | ▲ +3.1 pp |
| 2023 | -8.9% | CA$-618.84 Million | CA$6.94 Billion | CA$1.07 Billion | CA$1.69 Billion | ▼ -2.8 pp |
| 2022 | -6.1% | CA$-439.98 Million | CA$7.16 Billion | CA$1.09 Billion | CA$1.53 Billion | ▼ -0.6 pp |
| 2021 | -5.5% | CA$-425.97 Million | CA$7.70 Billion | CA$938.74 Million | CA$1.36 Billion | ▼ -1.2 pp |
| 2020 | -4.3% | CA$-260.20 Million | CA$5.99 Billion | CA$695.20 Million | CA$955.40 Million | ▲ +3.2 pp |
| 2019 | -7.6% | CA$-358.88 Million | CA$4.74 Billion | CA$513.19 Million | CA$872.07 Million | ▼ -7.4 pp |
| 2018 | -0.2% | CA$-7.38 Million | CA$4.04 Billion | CA$491.61 Million | CA$498.98 Million | ▲ +1.8 pp |
| 2017 | -2.0% | CA$-65.53 Million | CA$3.35 Billion | CA$497.18 Million | CA$562.71 Million | ▲ +0.2 pp |
| 2016 | -2.2% | CA$-40.69 Million | CA$1.87 Billion | CA$365.93 Million | CA$406.63 Million | ▼ -3.5 pp |
| 2015 | 1.4% | CA$22.96 Million | CA$1.67 Billion | CA$305.35 Million | CA$282.39 Million | ▲ +4.4 pp |
| 2014 | -3.0% | CA$-47.53 Million | CA$1.60 Billion | CA$282.81 Million | CA$330.35 Million | ▼ -6.5 pp |
| 2013 | 3.5% | CA$48.50 Million | CA$1.38 Billion | CA$281.64 Million | CA$233.15 Million | ▼ -0.5 pp |
| 2012 | 4.1% | CA$57.08 Million | CA$1.41 Billion | CA$233.65 Million | CA$176.57 Million | ▼ -7.1 pp |
| 2011 | 11.2% | CA$60.59 Million | CA$541.33 Million | CA$141.84 Million | CA$81.25 Million | ▲ +31.3 pp |
| 2010 | -20.1% | CA$-70.18 Million | CA$348.87 Million | CA$54.60 Million | CA$124.78 Million | ▼ -19.2 pp |
| 2009 | -0.9% | CA$-3.47 Million | CA$388.54 Million | CA$40.52 Million | CA$43.99 Million | ▲ +2.7 pp |
| 2008 | -3.6% | CA$-10.44 Million | CA$291.22 Million | CA$30.70 Million | CA$41.14 Million | ▼ -5.2 pp |
| 2007 | 1.6% | CA$6.35 Million | CA$389.99 Million | CA$48.76 Million | CA$42.41 Million | ▲ +7.9 pp |
| 2006 | -6.2% | CA$-25.45 Million | CA$408.82 Million | CA$51.36 Million | CA$76.81 Million | ▼ -6.9 pp |
| 2005 | 0.6% | CA$2.52 Million | CA$390.04 Million | CA$38.99 Million | CA$36.46 Million | ▼ -2.8 pp |
| 2004 | 3.5% | CA$14.34 Million | CA$411.99 Million | CA$53.19 Million | CA$38.84 Million | ▲ +1.7 pp |
| 2003 | 1.7% | CA$7.20 Million | CA$412.51 Million | CA$34.43 Million | CA$27.23 Million | ▼ -1.0 pp |
| 2002 | 2.8% | CA$9.77 Million | CA$350.27 Million | CA$26.58 Million | CA$16.81 Million | ▼ -1.8 pp |
| 2001 | 4.6% | CA$11.94 Million | CA$258.55 Million | CA$26.66 Million | CA$14.72 Million | ▲ +3.7 pp |
| 2000 | 0.9% | CA$1.35 Million | CA$146.42 Million | CA$11.97 Million | CA$10.62 Million | ▲ +1.3 pp |
| 1999 | -0.4% | CA$-530.27K | CA$141.69 Million | CA$11.99 Million | CA$12.52 Million | ▲ +1.3 pp |
| 1998 | -1.6% | CA$-1.33 Million | CA$80.55 Million | CA$4.08 Million | CA$5.40 Million | ▲ +0.2 pp |
| 1997 | -1.8% | CA$-905.06K | CA$49.88 Million | CA$788.47K | CA$1.69 Million | — |