Tree Island Steel Ltd. (TSL) — Working Capital to Net Assets Ratio
Tree Island Steel Ltd. (TSL) has a Working Capital to Net Assets ratio of 57.4% as of December 2025. Working capital of CA$62.21 Million (current assets of CA$80.65 Million minus current liabilities of CA$18.44 Million) is measured against net assets of CA$108.37 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tree Island Steel Ltd. balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tree Island Steel Ltd. Working Capital to Net Assets (2002–2025)
This chart shows how Tree Island Steel Ltd.'s Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 57.4%, reflecting working capital of CA$62.21 Million against net assets of CA$108.37 Million CAD. Check Tree Island Steel Ltd. tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tree Island Steel Ltd. (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tree Island Steel Ltd. 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. For live market cap and the full company profile, see Tree Island Steel Ltd. stock valuation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 57.4% | CA$62.21 Million | CA$108.37 Million | CA$80.65 Million | CA$18.44 Million | ▼ -10.1 pp |
| 2024 | 67.5% | CA$80.18 Million | CA$118.86 Million | CA$98.89 Million | CA$18.71 Million | ▼ -0.2 pp |
| 2023 | 67.7% | CA$85.86 Million | CA$126.88 Million | CA$102.52 Million | CA$16.66 Million | ▼ -1.5 pp |
| 2022 | 69.2% | CA$88.64 Million | CA$128.10 Million | CA$109.32 Million | CA$20.67 Million | ▼ -7.2 pp |
| 2021 | 76.4% | CA$101.32 Million | CA$132.62 Million | CA$155.60 Million | CA$54.28 Million | ▼ -25.1 pp |
| 2020 | 101.5% | CA$51.84 Million | CA$51.07 Million | CA$76.08 Million | CA$24.24 Million | ▼ -20.0 pp |
| 2019 | 121.5% | CA$59.11 Million | CA$48.65 Million | CA$83.95 Million | CA$24.84 Million | ▲ +65.0 pp |
| 2018 | 56.5% | CA$33.14 Million | CA$58.63 Million | CA$111.04 Million | CA$77.89 Million | ▼ -3.0 pp |
| 2017 | 59.6% | CA$35.30 Million | CA$59.27 Million | CA$91.36 Million | CA$56.06 Million | ▼ -9.7 pp |
| 2016 | 69.3% | CA$47.52 Million | CA$68.57 Million | CA$97.31 Million | CA$49.79 Million | ▼ -1.2 pp |
| 2015 | 70.5% | CA$40.75 Million | CA$57.82 Million | CA$92.37 Million | CA$51.62 Million | ▲ +0.8 pp |
| 2014 | 69.7% | CA$30.74 Million | CA$44.10 Million | CA$82.27 Million | CA$51.52 Million | ▼ -33.8 pp |
| 2013 | 103.5% | CA$28.76 Million | CA$27.78 Million | CA$55.22 Million | CA$26.46 Million | ▲ +2.5 pp |
| 2012 | 101.0% | CA$25.36 Million | CA$25.11 Million | CA$49.29 Million | CA$23.92 Million | ▼ -62.2 pp |
| 2011 | 163.2% | CA$23.90 Million | CA$14.64 Million | CA$56.34 Million | CA$32.45 Million | ▲ +67.9 pp |
| 2010 | 95.4% | CA$25.61 Million | CA$26.86 Million | CA$49.11 Million | CA$23.50 Million | ▲ +16.5 pp |
| 2009 | 78.9% | CA$31.06 Million | CA$39.35 Million | CA$56.08 Million | CA$25.02 Million | ▲ +64.9 pp |
| 2008 | 14.0% | CA$8.55 Million | CA$61.02 Million | CA$142.00 Million | CA$133.45 Million | ▼ -9.7 pp |
| 2007 | 23.7% | CA$31.96 Million | CA$134.81 Million | CA$126.69 Million | CA$94.73 Million | ▼ -11.0 pp |
| 2006 | 34.8% | CA$54.13 Million | CA$155.75 Million | CA$120.94 Million | CA$66.81 Million | ▲ +1.0 pp |
| 2005 | 33.7% | CA$58.32 Million | CA$172.88 Million | CA$127.42 Million | CA$69.10 Million | ▲ +3.5 pp |
| 2004 | 30.3% | CA$57.19 Million | CA$188.88 Million | CA$155.98 Million | CA$98.78 Million | ▲ +12.5 pp |
| 2003 | 17.8% | CA$31.75 Million | CA$178.24 Million | CA$107.49 Million | CA$75.74 Million | ▲ +2.1 pp |
| 2002 | 15.7% | CA$31.96 Million | CA$203.29 Million | CA$123.50 Million | CA$91.54 Million | — |