Pinetree Capital Ltd (PNP) — Working Capital to Net Assets Ratio
Pinetree Capital Ltd (PNP) has a Working Capital to Net Assets ratio of 3.9% as of March 2026. Working capital of CA$2.65 Million (current assets of CA$2.83 Million minus current liabilities of CA$181.00K) is measured against net assets of CA$68.58 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See PNP equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pinetree Capital Ltd Working Capital to Net Assets (1997–2025)
This chart shows how Pinetree Capital Ltd's Working Capital to Net Assets ratio has evolved across 25 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 3.9%, reflecting working capital of CA$2.65 Million against net assets of CA$68.58 Million CAD. Check PNP intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pinetree Capital Ltd (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pinetree Capital Ltd from 1997 to 2025, covering 25 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 Pinetree Capital Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 12.9% | CA$11.34 Million | CA$87.59 Million | CA$11.52 Million | CA$181.00K | ▲ +7.0 pp |
| 2024 | 5.9% | CA$4.62 Million | CA$77.70 Million | CA$5.19 Million | CA$571.00K | ▲ +1.6 pp |
| 2023 | 4.4% | CA$1.99 Million | CA$45.37 Million | CA$2.37 Million | CA$377.00K | ▼ -10.2 pp |
| 2022 | 14.6% | CA$5.78 Million | CA$39.62 Million | CA$6.22 Million | CA$443.00K | ▼ -10.5 pp |
| 2021 | 25.1% | CA$9.63 Million | CA$38.44 Million | CA$10.05 Million | CA$412.00K | ▲ +11.3 pp |
| 2020 | 13.8% | CA$2.63 Million | CA$19.10 Million | CA$3.01 Million | CA$383.00K | ▼ -30.1 pp |
| 2019 | 43.8% | CA$7.84 Million | CA$17.90 Million | CA$8.17 Million | CA$329.00K | ▼ -0.4 pp |
| 2018 | 44.3% | CA$7.07 Million | CA$15.98 Million | CA$7.47 Million | CA$395.00K | ▼ -5.2 pp |
| 2017 | 49.5% | CA$9.06 Million | CA$18.30 Million | CA$9.45 Million | CA$392.00K | ▲ +12.0 pp |
| 2016 | 37.5% | CA$3.99 Million | CA$10.65 Million | CA$4.37 Million | CA$375.00K | ▲ +80.3 pp |
| 2015 | -42.9% | CA$-8.36 Million | CA$19.50 Million | CA$2.60 Million | CA$10.97 Million | ▼ -41.6 pp |
| 2014 | -1.2% | CA$-636.00K | CA$51.16 Million | CA$2.10 Million | CA$2.73 Million | ▼ -2.5 pp |
| 2013 | 1.2% | CA$1.20 Million | CA$99.01 Million | CA$3.99 Million | CA$2.79 Million | ▲ +3.2 pp |
| 2012 | -2.0% | CA$-4.20 Million | CA$212.15 Million | CA$676.00K | CA$4.87 Million | ▲ +9.2 pp |
| 2011 | -11.2% | CA$-39.75 Million | CA$355.63 Million | CA$547.00K | CA$40.30 Million | ▲ +1.9 pp |
| 2010 | -13.0% | CA$-84.31 Million | CA$646.73 Million | CA$1.26 Million | CA$85.57 Million | ▼ -4.4 pp |
| 2009 | -8.6% | CA$-29.63 Million | CA$342.69 Million | CA$4.05 Million | CA$33.67 Million | ▼ -19.3 pp |
| 2008 | 10.6% | CA$18.51 Million | CA$174.21 Million | CA$19.51 Million | CA$1.00 Million | ▲ +29.7 pp |
| 2007 | -19.1% | CA$-90.94 Million | CA$476.93 Million | CA$7.51 Million | CA$98.45 Million | ▼ -3.5 pp |
| 2006 | -15.6% | CA$-57.40 Million | CA$367.83 Million | CA$175.41K | CA$57.57 Million | ▼ -11.7 pp |
| 2004 | -3.9% | CA$-2.22 Million | CA$56.32 Million | CA$94.13K | CA$2.31 Million | ▼ -6.5 pp |
| 2000 | 2.5% | CA$1.15 Million | CA$45.23 Million | CA$1.30 Million | CA$149.66K | ▲ +7.0 pp |
| 1999 | -4.4% | CA$-700.00K | CA$15.80 Million | CA$2.20 Million | CA$2.90 Million | ▲ +1.3 pp |
| 1998 | -5.7% | CA$-500.00K | CA$8.80 Million | CA$100.00K | CA$600.00K | ▲ +1.7 pp |
| 1997 | -7.4% | CA$-600.00K | CA$8.10 Million | CA$100.00K | CA$700.00K | — |