Pine Cliff Energy Ltd (PNE) — Working Capital to Net Assets Ratio
Pine Cliff Energy Ltd (PNE) has a Working Capital to Net Assets ratio of -68.7% as of March 2026. Working capital of CA$-22.67 Million (current assets of CA$28.50 Million minus current liabilities of CA$51.17 Million) is measured against net assets of CA$32.98 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pine Cliff Energy Ltd (PNE) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pine Cliff Energy Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Pine Cliff Energy Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -68.7%, reflecting working capital of CA$-22.67 Million against net assets of CA$32.98 Million CAD. Check PNE intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pine Cliff Energy Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pine Cliff Energy Ltd from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Pine Cliff Energy Ltd.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -62.6% | CA$-22.21 Million | CA$35.46 Million | CA$29.33 Million | CA$51.54 Million | ▼ -1.3 pp |
| 2024 | -61.3% | CA$-33.31 Million | CA$54.32 Million | CA$29.42 Million | CA$62.74 Million | ▼ -28.0 pp |
| 2023 | -33.3% | CA$-33.31 Million | CA$99.93 Million | CA$31.19 Million | CA$64.50 Million | ▼ -69.2 pp |
| 2022 | 35.9% | CA$48.01 Million | CA$133.73 Million | CA$85.55 Million | CA$37.54 Million | ▲ +63.6 pp |
| 2021 | -27.7% | CA$-12.60 Million | CA$45.42 Million | CA$31.93 Million | CA$44.53 Million | ▼ -40.3 pp |
| 2020 | 12.5% | CA$-4.67 Million | CA$-37.32 Million | CA$25.23 Million | CA$29.89 Million | ▲ +70.4 pp |
| 2019 | -57.9% | CA$-6.08 Million | CA$10.51 Million | CA$24.48 Million | CA$30.56 Million | ▼ -60.7 pp |
| 2018 | 2.8% | CA$1.72 Million | CA$60.97 Million | CA$20.95 Million | CA$19.24 Million | ▲ +22.1 pp |
| 2017 | -19.3% | CA$-24.95 Million | CA$129.09 Million | CA$22.65 Million | CA$47.60 Million | ▼ -7.5 pp |
| 2016 | -11.9% | CA$-23.22 Million | CA$195.76 Million | CA$28.95 Million | CA$52.17 Million | ▼ -17.9 pp |
| 2015 | 6.0% | CA$14.17 Million | CA$234.41 Million | CA$24.15 Million | CA$9.98 Million | ▲ +24.0 pp |
| 2014 | -17.9% | CA$-33.51 Million | CA$187.15 Million | CA$25.52 Million | CA$59.03 Million | ▼ -28.5 pp |
| 2013 | 10.6% | CA$13.62 Million | CA$129.02 Million | CA$22.40 Million | CA$8.78 Million | ▼ -38.8 pp |
| 2012 | 49.4% | CA$35.08 Million | CA$71.02 Million | CA$41.93 Million | CA$6.85 Million | ▲ +27.5 pp |
| 2011 | 21.9% | CA$482.32K | CA$2.21 Million | CA$581.48K | CA$99.15K | ▲ +9.7 pp |
| 2010 | 12.1% | CA$309.81K | CA$2.55 Million | CA$618.61K | CA$308.81K | ▼ -8.6 pp |
| 2009 | 20.8% | CA$491.06K | CA$2.36 Million | CA$1.52 Million | CA$1.03 Million | ▼ -25.2 pp |
| 2008 | 45.9% | CA$2.32 Million | CA$5.04 Million | CA$2.76 Million | CA$444.38K | ▼ -22.6 pp |
| 2007 | 68.5% | CA$8.38 Million | CA$12.23 Million | CA$8.56 Million | CA$181.31K | ▼ -1.4 pp |
| 2006 | 69.9% | CA$2.96 Million | CA$4.24 Million | CA$3.10 Million | CA$139.16K | ▲ +0.1 pp |
| 2005 | 69.8% | CA$3.57 Million | CA$5.11 Million | CA$3.69 Million | CA$128.07K | ▲ +7884469.8 pp |
| 2004 | -7884400.0% | CA$-78.84K | CA$1.00 | CA$1.00 | CA$78.84K | — |