Pembina Pipeline Corp (PPL) — Working Capital to Net Assets Ratio
Pembina Pipeline Corp (PPL) has a Working Capital to Net Assets ratio of -4.8% as of December 2025. Working capital of CA$-806.00 Million (current assets of CA$1.26 Billion minus current liabilities of CA$2.06 Billion) is measured against net assets of CA$16.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Pembina Pipeline Corp's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pembina Pipeline Corp Working Capital to Net Assets (1998–2025)
This chart shows how Pembina Pipeline Corp's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at -4.8%, reflecting working capital of CA$-806.00 Million against net assets of CA$16.77 Billion CAD. Check PPL tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pembina Pipeline Corp (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pembina Pipeline Corp from 1998 to 2025, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Pembina Pipeline Corp (PPL) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -4.8% | CA$-806.00 Million | CA$16.77 Billion | CA$1.26 Billion | CA$2.06 Billion | ▲ +2.8 pp |
| 2024 | -7.6% | CA$-1.33 Billion | CA$17.51 Billion | CA$1.57 Billion | CA$2.91 Billion | ▼ -3.9 pp |
| 2023 | -3.7% | CA$-588.00 Million | CA$15.81 Billion | CA$2.63 Billion | CA$3.22 Billion | ▲ +0.7 pp |
| 2022 | -4.4% | CA$-696.00 Million | CA$15.79 Billion | CA$1.36 Billion | CA$2.06 Billion | ▲ +3.6 pp |
| 2021 | -8.0% | CA$-1.15 Billion | CA$14.36 Billion | CA$1.25 Billion | CA$2.39 Billion | ▼ -2.7 pp |
| 2020 | -5.3% | CA$-792.00 Million | CA$15.02 Billion | CA$989.00 Million | CA$1.78 Billion | ▼ -2.5 pp |
| 2019 | -2.8% | CA$-470.00 Million | CA$16.77 Billion | CA$987.00 Million | CA$1.46 Billion | ▲ +0.5 pp |
| 2018 | -3.3% | CA$-477.00 Million | CA$14.40 Billion | CA$1.01 Billion | CA$1.49 Billion | ▼ -2.4 pp |
| 2017 | -0.9% | CA$-120.00 Million | CA$13.85 Billion | CA$1.02 Billion | CA$1.14 Billion | ▲ +0.4 pp |
| 2016 | -1.3% | CA$-109.00 Million | CA$8.30 Billion | CA$676.00 Million | CA$785.00 Million | ▼ -1.8 pp |
| 2015 | 0.5% | CA$37.00 Million | CA$7.42 Billion | CA$676.00 Million | CA$639.00 Million | ▲ +0.8 pp |
| 2014 | -0.3% | CA$-17.00 Million | CA$6.34 Billion | CA$688.00 Million | CA$705.00 Million | ▲ +3.0 pp |
| 2013 | -3.3% | CA$-170.00 Million | CA$5.17 Billion | CA$648.00 Million | CA$818.00 Million | ▼ -4.8 pp |
| 2012 | 1.5% | CA$62.74 Million | CA$4.28 Billion | CA$474.65 Million | CA$411.91 Million | ▲ +37.0 pp |
| 2011 | -35.6% | CA$-342.11 Million | CA$961.62 Million | CA$175.69 Million | CA$517.80 Million | ▼ -46.4 pp |
| 2010 | 10.9% | CA$128.07 Million | CA$1.18 Billion | CA$256.97 Million | CA$128.90 Million | ▲ +21.7 pp |
| 2009 | -10.8% | CA$-122.01 Million | CA$1.13 Billion | CA$150.66 Million | CA$272.68 Million | ▼ -1.0 pp |
| 2008 | -9.8% | CA$-86.55 Million | CA$883.23 Million | CA$78.78 Million | CA$165.33 Million | ▼ -8.8 pp |
| 2007 | -1.0% | CA$-8.90 Million | CA$908.74 Million | CA$72.91 Million | CA$81.81 Million | ▲ +1.9 pp |
| 2006 | -2.9% | CA$-24.33 Million | CA$852.48 Million | CA$46.81 Million | CA$71.14 Million | ▼ -0.1 pp |
| 2005 | -2.8% | CA$-20.72 Million | CA$743.61 Million | CA$31.01 Million | CA$51.73 Million | ▼ -2.7 pp |
| 2004 | -0.1% | CA$-736.00K | CA$655.05 Million | CA$26.43 Million | CA$27.17 Million | ▲ +13.6 pp |
| 2003 | -13.7% | CA$-126.72 Million | CA$926.13 Million | CA$36.98 Million | CA$163.71 Million | ▼ -13.5 pp |
| 2002 | -0.2% | CA$-1.33 Million | CA$732.62 Million | CA$34.55 Million | CA$35.89 Million | ▼ -0.5 pp |
| 2001 | 0.3% | CA$2.50 Million | CA$769.06 Million | CA$37.99 Million | CA$35.49 Million | ▲ +13.6 pp |
| 2000 | -13.2% | CA$-75.65 Million | CA$571.12 Million | CA$42.41 Million | CA$118.06 Million | ▼ -13.4 pp |
| 1999 | 0.1% | CA$552.00K | CA$494.64 Million | CA$11.57 Million | CA$11.02 Million | ▼ -1.1 pp |
| 1998 | 1.2% | CA$6.25 Million | CA$534.27 Million | CA$14.79 Million | CA$8.54 Million | — |