STEP Energy Services Ltd (STEP) — Working Capital to Net Assets Ratio
STEP Energy Services Ltd (STEP) has a Working Capital to Net Assets ratio of 19.4% as of September 2025. Working capital of CA$77.90 Million (current assets of CA$193.53 Million minus current liabilities of CA$115.64 Million) is measured against net assets of CA$402.12 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See STEP days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
STEP Energy Services Ltd Working Capital to Net Assets (2014–2024)
This chart shows how STEP Energy Services Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 19.4%, reflecting working capital of CA$77.90 Million against net assets of CA$402.12 Million CAD. For the complete balance sheet picture, see STEP asset base.
Annual Working Capital to Net Assets for STEP Energy Services Ltd (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for STEP Energy Services Ltd from 2014 to 2024, covering 11 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 STEP Energy Services Ltd liquid asset 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) |
|---|---|---|---|---|---|---|
| 2024 | 9.5% | CA$35.35 Million | CA$370.53 Million | CA$145.11 Million | CA$109.75 Million | ▼ -2.3 pp |
| 2023 | 11.8% | CA$42.10 Million | CA$355.55 Million | CA$154.72 Million | CA$112.61 Million | ▼ -9.9 pp |
| 2022 | 21.8% | CA$66.58 Million | CA$306.03 Million | CA$256.36 Million | CA$189.78 Million | ▲ +19.6 pp |
| 2021 | 2.2% | CA$3.91 Million | CA$177.44 Million | CA$133.25 Million | CA$129.34 Million | ▼ -18.7 pp |
| 2020 | 21.0% | CA$42.87 Million | CA$204.58 Million | CA$99.47 Million | CA$56.60 Million | ▼ -1.4 pp |
| 2019 | 22.4% | CA$72.16 Million | CA$322.82 Million | CA$158.88 Million | CA$86.72 Million | ▲ +8.3 pp |
| 2018 | 14.0% | CA$67.16 Million | CA$478.60 Million | CA$164.30 Million | CA$97.14 Million | ▼ -14.0 pp |
| 2017 | 28.1% | CA$121.03 Million | CA$431.04 Million | CA$197.11 Million | CA$76.08 Million | ▲ +16.6 pp |
| 2016 | 11.5% | CA$29.87 Million | CA$259.94 Million | CA$66.62 Million | CA$36.74 Million | ▲ +5.4 pp |
| 2015 | 6.1% | CA$11.78 Million | CA$193.99 Million | CA$33.16 Million | CA$21.38 Million | ▼ -1.9 pp |
| 2014 | 8.0% | CA$7.82 Million | CA$98.37 Million | CA$23.91 Million | CA$16.09 Million | — |