Pan American Silver Corp Working Capital to Net Assets Ratio
Pan American Silver Corp working capital to net assets ratio. Pan American Silver Corp (PAAS) has a Working Capital to Net Assets ratio of 22.4% as of March 2026. Working capital of CA$1.65 Billion (current assets of CA$2.54 Billion minus current liabilities of CA$896.00 Million) is measured against net assets of CA$7.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Pan American Silver Corp (PAAS) tangible net worth 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 Pan American Silver Corp (1996–2025)
Working capital to net assets ratio of Pan American Silver Corp from 1996 to 2025. This chart shows how Pan American Silver Corp's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of March 2026, the ratio stands at 22.4%, reflecting working capital of CA$1.65 Billion against net assets of CA$7.36 Billion CAD. See defensive interval ratio of Pan American Silver Corp to measure how many days the company can operate on defensive assets alone.
Pan American Silver Corp Working Capital to Net Assets Ratio by Year (1996–2025)
Pan American Silver Corp working capital to net assets ratio by year from 1996 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Pan American Silver Corp 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. For the complete balance sheet picture, see Pan American Silver Corp total assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 19.7% | CA$1.38 Billion | CA$6.99 Billion | CA$2.19 Billion | CA$815.51 Million | ▼ -2.2 pp |
| 2024 | 21.9% | CA$1.03 Billion | CA$4.72 Billion | CA$1.72 Billion | CA$687.00 Million | ▲ +5.9 pp |
| 2023 | 16.0% | CA$765.80 Million | CA$4.77 Billion | CA$1.39 Billion | CA$624.20 Million | ▼ -3.2 pp |
| 2022 | 19.2% | CA$423.54 Million | CA$2.20 Billion | CA$804.38 Million | CA$380.84 Million | ▼ -4.0 pp |
| 2021 | 23.3% | CA$613.49 Million | CA$2.64 Billion | CA$1.00 Billion | CA$387.68 Million | ▲ +4.3 pp |
| 2020 | 19.0% | CA$495.17 Million | CA$2.61 Billion | CA$856.92 Million | CA$361.76 Million | ▼ -2.0 pp |
| 2019 | 21.0% | CA$517.25 Million | CA$2.47 Billion | CA$788.92 Million | CA$271.67 Million | ▼ -5.3 pp |
| 2018 | 26.3% | CA$397.85 Million | CA$1.51 Billion | CA$548.37 Million | CA$150.53 Million | ▼ -0.7 pp |
| 2017 | 27.0% | CA$410.76 Million | CA$1.52 Billion | CA$595.47 Million | CA$184.71 Million | ▼ -3.6 pp |
| 2016 | 30.6% | CA$428.57 Million | CA$1.40 Billion | CA$612.85 Million | CA$184.29 Million | ▲ +0.4 pp |
| 2015 | 30.2% | CA$392.22 Million | CA$1.30 Billion | CA$552.16 Million | CA$159.94 Million | ▼ -3.1 pp |
| 2014 | 33.3% | CA$522.65 Million | CA$1.57 Billion | CA$730.70 Million | CA$208.04 Million | ▲ +1.8 pp |
| 2013 | 31.5% | CA$689.03 Million | CA$2.19 Billion | CA$871.66 Million | CA$182.63 Million | ▲ +2.9 pp |
| 2012 | 28.6% | CA$778.67 Million | CA$2.73 Billion | CA$975.27 Million | CA$196.60 Million | ▼ -6.8 pp |
| 2011 | 35.4% | CA$566.43 Million | CA$1.60 Billion | CA$742.24 Million | CA$175.81 Million | ▲ +7.0 pp |
| 2010 | 28.4% | CA$433.79 Million | CA$1.53 Billion | CA$549.03 Million | CA$115.24 Million | ▲ +8.4 pp |
| 2009 | 20.0% | CA$272.27 Million | CA$1.36 Billion | CA$372.45 Million | CA$100.18 Million | ▲ +6.3 pp |
| 2008 | 13.8% | CA$95.08 Million | CA$691.39 Million | CA$174.36 Million | CA$79.28 Million | ▼ -17.0 pp |
| 2007 | 30.8% | CA$186.34 Million | CA$605.10 Million | CA$244.92 Million | CA$58.58 Million | ▼ -8.4 pp |
| 2006 | 39.2% | CA$204.62 Million | CA$521.71 Million | CA$270.10 Million | CA$65.48 Million | ▲ +10.6 pp |
| 2005 | 28.6% | CA$74.76 Million | CA$261.12 Million | CA$102.13 Million | CA$27.37 Million | ▼ -12.1 pp |
| 2004 | 40.7% | CA$114.66 Million | CA$281.58 Million | CA$136.25 Million | CA$21.60 Million | ▼ -3.8 pp |
| 2003 | 44.5% | CA$81.93 Million | CA$184.10 Million | CA$104.58 Million | CA$22.65 Million | ▲ +40.2 pp |
| 2002 | 4.3% | CA$2.40 Million | CA$55.49 Million | CA$22.63 Million | CA$20.23 Million | ▲ +4.4 pp |
| 2001 | -0.1% | CA$-73.00K | CA$58.88 Million | CA$21.07 Million | CA$21.14 Million | ▼ -3.2 pp |
| 2000 | 3.1% | CA$1.77 Million | CA$57.54 Million | CA$19.09 Million | CA$17.32 Million | ▼ -14.5 pp |
| 1999 | 17.6% | CA$16.73 Million | CA$94.90 Million | CA$26.82 Million | CA$10.09 Million | ▼ -7.2 pp |
| 1998 | 24.8% | CA$15.31 Million | CA$61.69 Million | CA$21.38 Million | CA$6.07 Million | ▼ -33.3 pp |
| 1997 | 58.1% | CA$35.26 Million | CA$60.65 Million | CA$45.19 Million | CA$9.93 Million | ▼ -19.9 pp |
| 1996 | 78.1% | CA$47.28 Million | CA$60.56 Million | CA$53.12 Million | CA$5.84 Million | — |