Ballard Power Systems Inc Working Capital to Net Assets Ratio
Ballard Power Systems Inc working capital to net assets ratio. Ballard Power Systems Inc (BLDP) has a Working Capital to Net Assets ratio of 90.4% as of September 2025. Working capital of CA$548.64 Million (current assets of CA$623.45 Million minus current liabilities of CA$74.81 Million) is measured against net assets of CA$606.82 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Ballard Power Systems Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Ballard Power Systems Inc (1993–2024)
Working capital to net assets ratio of Ballard Power Systems Inc from 1993 to 2024. This chart shows how Ballard Power Systems Inc's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1993 to 2024. As of September 2025, the ratio stands at 90.4%, reflecting working capital of CA$548.64 Million against net assets of CA$606.82 Million CAD. See Ballard Power Systems Inc (BLDP) liquidity interval to measure how many days the company can operate on defensive assets alone.
Ballard Power Systems Inc Working Capital to Net Assets Ratio by Year (1993–2024)
Ballard Power Systems Inc working capital to net assets ratio by year from 1993 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Ballard Power Systems Inc from 1993 to 2024, covering 32 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 the complete balance sheet picture, see Ballard Power Systems Inc asset portfolio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 92.6% | CA$623.29 Million | CA$672.99 Million | CA$698.88 Million | CA$75.59 Million | ▲ +12.5 pp |
| 2023 | 80.1% | CA$794.15 Million | CA$991.22 Million | CA$864.74 Million | CA$70.59 Million | ▼ -2.3 pp |
| 2022 | 82.4% | CA$955.34 Million | CA$1.16 Billion | CA$1.03 Billion | CA$73.17 Million | ▼ -3.8 pp |
| 2021 | 86.3% | CA$1.15 Billion | CA$1.33 Billion | CA$1.23 Billion | CA$83.16 Million | ▼ -2.8 pp |
| 2020 | 89.0% | CA$802.22 Million | CA$900.89 Million | CA$854.32 Million | CA$52.09 Million | ▲ +23.1 pp |
| 2019 | 65.9% | CA$165.01 Million | CA$250.26 Million | CA$229.53 Million | CA$64.52 Million | ▼ -9.7 pp |
| 2018 | 75.7% | CA$213.88 Million | CA$282.60 Million | CA$261.59 Million | CA$47.71 Million | ▲ +22.8 pp |
| 2017 | 52.9% | CA$63.38 Million | CA$119.86 Million | CA$102.80 Million | CA$39.42 Million | ▼ -0.4 pp |
| 2016 | 53.2% | CA$64.71 Million | CA$121.54 Million | CA$107.75 Million | CA$43.05 Million | ▲ +1.8 pp |
| 2015 | 51.4% | CA$57.39 Million | CA$111.61 Million | CA$87.57 Million | CA$30.19 Million | ▲ +18.9 pp |
| 2014 | 32.5% | CA$25.75 Million | CA$79.23 Million | CA$50.65 Million | CA$24.90 Million | ▼ -16.3 pp |
| 2013 | 48.8% | CA$34.28 Million | CA$70.25 Million | CA$60.71 Million | CA$26.43 Million | ▲ +12.2 pp |
| 2012 | 36.6% | CA$21.21 Million | CA$58.00 Million | CA$61.30 Million | CA$40.09 Million | ▼ -2.8 pp |
| 2011 | 39.4% | CA$36.37 Million | CA$92.34 Million | CA$77.91 Million | CA$41.53 Million | ▼ -10.9 pp |
| 2010 | 50.3% | CA$64.31 Million | CA$127.88 Million | CA$99.40 Million | CA$35.09 Million | ▲ +2.2 pp |
| 2009 | 48.0% | CA$76.36 Million | CA$158.92 Million | CA$106.42 Million | CA$30.06 Million | ▼ -7.4 pp |
| 2008 | 55.5% | CA$89.48 Million | CA$161.33 Million | CA$116.09 Million | CA$26.61 Million | ▼ -5.9 pp |
| 2007 | 61.3% | CA$158.34 Million | CA$258.19 Million | CA$181.24 Million | CA$22.90 Million | ▼ 0.0 pp |
| 2006 | 61.3% | CA$187.15 Million | CA$305.09 Million | CA$221.15 Million | CA$34.00 Million | ▲ +14.6 pp |
| 2005 | 46.7% | CA$221.04 Million | CA$472.81 Million | CA$262.95 Million | CA$41.92 Million | ▲ +10.4 pp |
| 2004 | 36.4% | CA$209.08 Million | CA$575.09 Million | CA$278.25 Million | CA$69.17 Million | ▼ -3.9 pp |
| 2003 | 40.3% | CA$298.69 Million | CA$741.70 Million | CA$378.46 Million | CA$79.77 Million | ▼ -2.7 pp |
| 2002 | 43.0% | CA$356.47 Million | CA$829.52 Million | CA$433.35 Million | CA$76.88 Million | ▼ -1.6 pp |
| 2001 | 44.6% | CA$389.61 Million | CA$873.72 Million | CA$467.48 Million | CA$77.87 Million | ▼ -31.1 pp |
| 2000 | 75.7% | CA$503.47 Million | CA$665.13 Million | CA$540.87 Million | CA$37.40 Million | ▲ +14.7 pp |
| 1999 | 61.0% | CA$240.47 Million | CA$394.10 Million | CA$272.92 Million | CA$32.46 Million | ▼ -3.7 pp |
| 1998 | 64.7% | CA$269.70 Million | CA$416.60 Million | CA$298.80 Million | CA$29.10 Million | ▲ +12.3 pp |
| 1997 | 52.4% | CA$113.50 Million | CA$216.40 Million | CA$135.10 Million | CA$21.60 Million | ▼ -28.6 pp |
| 1996 | 81.1% | CA$52.70 Million | CA$65.00 Million | CA$65.50 Million | CA$12.80 Million | ▲ +4.8 pp |
| 1995 | 76.3% | CA$19.00 Million | CA$24.90 Million | CA$28.60 Million | CA$9.60 Million | ▼ -10.4 pp |
| 1994 | 86.7% | CA$13.00 Million | CA$15.00 Million | CA$25.80 Million | CA$12.80 Million | ▼ -6.9 pp |
| 1993 | 93.5% | CA$11.98 Million | CA$12.81 Million | CA$18.99 Million | CA$7.01 Million | — |