Calfrac Well Services Ltd. (CFW) — Working Capital to Net Assets Ratio
Calfrac Well Services Ltd. (CFW) has a Working Capital to Net Assets ratio of 23.5% as of December 2025. Working capital of CA$155.97 Million (current assets of CA$357.39 Million minus current liabilities of CA$201.42 Million) is measured against net assets of CA$664.28 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CFW days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Calfrac Well Services Ltd. Working Capital to Net Assets (1996–2025)
This chart shows how Calfrac Well Services Ltd.'s Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of December 2025, the ratio stands at 23.5%, reflecting working capital of CA$155.97 Million against net assets of CA$664.28 Million CAD. For the complete balance sheet picture, see how large is Calfrac Well Services Ltd.'s balance sheet.
Annual Working Capital to Net Assets for Calfrac Well Services Ltd. (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Calfrac Well Services Ltd. from 1996 to 2025, covering 30 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 Calfrac Well Services Ltd. liquid asset 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) |
|---|---|---|---|---|---|---|
| 2025 | 23.5% | CA$155.97 Million | CA$664.28 Million | CA$357.39 Million | CA$201.42 Million | ▲ +2.3 pp |
| 2024 | 21.2% | CA$138.29 Million | CA$653.33 Million | CA$512.45 Million | CA$374.15 Million | ▼ -19.4 pp |
| 2023 | 40.5% | CA$249.62 Million | CA$615.90 Million | CA$458.02 Million | CA$208.40 Million | ▼ -9.3 pp |
| 2022 | 49.8% | CA$210.67 Million | CA$422.97 Million | CA$414.37 Million | CA$203.70 Million | ▼ -2.1 pp |
| 2021 | 51.9% | CA$170.74 Million | CA$328.84 Million | CA$307.53 Million | CA$136.80 Million | ▲ +12.6 pp |
| 2020 | 39.4% | CA$161.45 Million | CA$410.23 Million | CA$271.19 Million | CA$109.74 Million | ▼ -28.1 pp |
| 2019 | 67.5% | CA$248.77 Million | CA$368.62 Million | CA$405.93 Million | CA$157.15 Million | ▲ +3.3 pp |
| 2018 | 64.2% | CA$329.87 Million | CA$513.82 Million | CA$569.56 Million | CA$239.69 Million | ▲ +4.0 pp |
| 2017 | 60.2% | CA$327.05 Million | CA$543.64 Million | CA$576.34 Million | CA$249.29 Million | ▲ +5.6 pp |
| 2016 | 54.6% | CA$271.58 Million | CA$497.46 Million | CA$388.93 Million | CA$117.35 Million | ▲ +5.5 pp |
| 2015 | 49.1% | CA$305.95 Million | CA$623.72 Million | CA$495.18 Million | CA$189.23 Million | ▼ -4.0 pp |
| 2014 | 53.0% | CA$441.23 Million | CA$832.40 Million | CA$819.30 Million | CA$378.06 Million | ▲ +12.8 pp |
| 2013 | 40.2% | CA$319.93 Million | CA$795.21 Million | CA$590.51 Million | CA$270.58 Million | ▼ -1.1 pp |
| 2012 | 41.4% | CA$322.86 Million | CA$780.76 Million | CA$492.33 Million | CA$169.47 Million | ▼ -15.5 pp |
| 2011 | 56.9% | CA$398.53 Million | CA$700.57 Million | CA$552.78 Million | CA$154.26 Million | ▼ -9.3 pp |
| 2010 | 66.2% | CA$342.78 Million | CA$517.64 Million | CA$465.25 Million | CA$122.46 Million | ▲ +38.3 pp |
| 2009 | 27.9% | CA$128.24 Million | CA$460.10 Million | CA$213.67 Million | CA$85.42 Million | ▲ +2.3 pp |
| 2008 | 25.6% | CA$100.58 Million | CA$393.52 Million | CA$210.16 Million | CA$109.58 Million | ▼ -0.7 pp |
| 2007 | 26.3% | CA$92.16 Million | CA$350.92 Million | CA$157.49 Million | CA$65.34 Million | ▲ +16.0 pp |
| 2006 | 10.3% | CA$31.23 Million | CA$303.51 Million | CA$110.91 Million | CA$79.69 Million | ▼ -6.5 pp |
| 2005 | 16.8% | CA$39.40 Million | CA$234.02 Million | CA$100.06 Million | CA$60.66 Million | ▼ -11.4 pp |
| 2004 | 28.2% | CA$49.58 Million | CA$175.58 Million | CA$88.63 Million | CA$39.05 Million | ▲ +13.7 pp |
| 2003 | 14.5% | CA$10.60 Million | CA$73.09 Million | CA$29.31 Million | CA$18.71 Million | ▲ +6.0 pp |
| 2002 | 8.5% | CA$7.46 Million | CA$88.15 Million | CA$29.19 Million | CA$21.73 Million | ▲ +0.5 pp |
| 2001 | 8.0% | CA$6.44 Million | CA$80.44 Million | CA$30.04 Million | CA$23.60 Million | ▼ -8.6 pp |
| 2000 | 16.6% | CA$12.42 Million | CA$74.79 Million | CA$32.27 Million | CA$19.85 Million | ▲ +0.6 pp |
| 1999 | 16.0% | CA$10.50 Million | CA$65.80 Million | CA$54.90 Million | CA$44.40 Million | ▼ -31.8 pp |
| 1998 | 47.8% | CA$25.50 Million | CA$53.40 Million | CA$71.90 Million | CA$46.40 Million | ▼ -33.4 pp |
| 1997 | 81.2% | CA$46.10 Million | CA$56.80 Million | CA$93.10 Million | CA$47.00 Million | ▼ -116.2 pp |
| 1996 | 197.4% | CA$59.60 Million | CA$30.20 Million | CA$84.90 Million | CA$25.30 Million | — |