PHX Energy Services Corporation (PHX) — Working Capital to Net Assets Ratio
PHX Energy Services Corporation (PHX) has a Working Capital to Net Assets ratio of 58.4% as of June 2026. Working capital of CA$134.97 Million (current assets of CA$260.58 Million minus current liabilities of CA$125.61 Million) is measured against net assets of CA$231.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See PHX Energy Services Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
PHX Energy Services Corporation Working Capital to Net Assets (2002–2025)
This chart shows how PHX Energy Services Corporation's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at 58.4%, reflecting working capital of CA$134.97 Million against net assets of CA$231.10 Million CAD. For the complete balance sheet picture, see PHX Energy Services Corporation assets under control.
Annual Working Capital to Net Assets for PHX Energy Services Corporation (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for PHX Energy Services Corporation from 2002 to 2025, covering 24 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 PHX asset resilience 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 | 48.4% | CA$110.91 Million | CA$229.04 Million | CA$236.27 Million | CA$125.36 Million | ▲ +10.4 pp |
| 2024 | 38.0% | CA$84.55 Million | CA$222.21 Million | CA$214.02 Million | CA$129.47 Million | ▼ -6.7 pp |
| 2023 | 44.7% | CA$93.92 Million | CA$209.97 Million | CA$207.04 Million | CA$113.12 Million | ▼ -8.6 pp |
| 2022 | 53.3% | CA$94.34 Million | CA$176.88 Million | CA$210.23 Million | CA$115.89 Million | ▲ +12.4 pp |
| 2021 | 41.0% | CA$55.08 Million | CA$134.43 Million | CA$141.16 Million | CA$86.08 Million | ▼ -3.7 pp |
| 2020 | 44.7% | CA$58.99 Million | CA$132.03 Million | CA$102.16 Million | CA$43.17 Million | ▼ -1.2 pp |
| 2019 | 45.9% | CA$68.39 Million | CA$148.94 Million | CA$137.62 Million | CA$69.23 Million | ▲ +10.1 pp |
| 2018 | 35.8% | CA$60.32 Million | CA$168.41 Million | CA$138.24 Million | CA$77.93 Million | ▲ +8.4 pp |
| 2017 | 27.4% | CA$49.79 Million | CA$181.54 Million | CA$97.04 Million | CA$47.25 Million | ▲ +2.6 pp |
| 2016 | 24.8% | CA$44.23 Million | CA$178.39 Million | CA$81.46 Million | CA$37.23 Million | ▼ -5.6 pp |
| 2015 | 30.4% | CA$61.04 Million | CA$200.94 Million | CA$91.83 Million | CA$30.79 Million | ▼ -10.1 pp |
| 2014 | 40.5% | CA$80.97 Million | CA$199.96 Million | CA$162.22 Million | CA$81.24 Million | ▲ +6.9 pp |
| 2013 | 33.5% | CA$66.58 Million | CA$198.48 Million | CA$136.26 Million | CA$69.68 Million | ▼ -6.0 pp |
| 2012 | 39.5% | CA$45.48 Million | CA$115.09 Million | CA$106.27 Million | CA$60.79 Million | ▲ +0.1 pp |
| 2011 | 39.4% | CA$44.87 Million | CA$113.87 Million | CA$90.75 Million | CA$45.88 Million | ▲ +6.0 pp |
| 2010 | 33.4% | CA$34.24 Million | CA$102.44 Million | CA$73.18 Million | CA$38.94 Million | ▲ +10.4 pp |
| 2009 | 23.0% | CA$21.01 Million | CA$91.45 Million | CA$43.10 Million | CA$22.09 Million | ▼ -6.5 pp |
| 2008 | 29.5% | CA$26.60 Million | CA$90.20 Million | CA$61.49 Million | CA$34.89 Million | ▲ +3.1 pp |
| 2007 | 26.4% | CA$15.80 Million | CA$59.86 Million | CA$36.78 Million | CA$20.98 Million | ▼ -6.9 pp |
| 2006 | 33.3% | CA$19.61 Million | CA$58.91 Million | CA$34.38 Million | CA$14.77 Million | ▼ -0.7 pp |
| 2005 | 34.0% | CA$18.22 Million | CA$53.59 Million | CA$29.66 Million | CA$11.44 Million | ▲ +3.0 pp |
| 2004 | 31.0% | CA$12.21 Million | CA$39.43 Million | CA$19.83 Million | CA$7.61 Million | ▼ -17.2 pp |
| 2003 | 48.1% | CA$13.51 Million | CA$28.06 Million | CA$20.55 Million | CA$7.04 Million | ▲ +10.3 pp |
| 2002 | 37.9% | CA$10.41 Million | CA$27.49 Million | CA$17.81 Million | CA$7.41 Million | — |