Waste Connections Inc (WCN) — Working Capital to Net Assets Ratio
Waste Connections Inc (WCN) has a Working Capital to Net Assets ratio of -9.9% as of December 2025. Working capital of CA$-812.70 Million (current assets of CA$1.31 Billion minus current liabilities of CA$2.12 Billion) is measured against net assets of CA$8.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See WCN free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Waste Connections Inc Working Capital to Net Assets (1997–2025)
This chart shows how Waste Connections Inc's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at -9.9%, reflecting working capital of CA$-812.70 Million against net assets of CA$8.25 Billion CAD. See Waste Connections Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Waste Connections Inc (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Waste Connections Inc from 1997 to 2025, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is Waste Connections Inc worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.9% | CA$-812.70 Million | CA$8.25 Billion | CA$1.31 Billion | CA$2.12 Billion | ▼ -1.6 pp |
| 2024 | -8.3% | CA$-651.92 Million | CA$7.86 Billion | CA$1.23 Billion | CA$1.88 Billion | ▼ -1.2 pp |
| 2023 | -7.1% | CA$-546.15 Million | CA$7.70 Billion | CA$1.14 Billion | CA$1.69 Billion | ▼ -1.5 pp |
| 2022 | -5.6% | CA$-395.00 Million | CA$7.11 Billion | CA$1.12 Billion | CA$1.51 Billion | ▼ -2.7 pp |
| 2021 | -2.9% | CA$-199.97 Million | CA$6.99 Billion | CA$1.03 Billion | CA$1.23 Billion | ▼ -8.4 pp |
| 2020 | 5.5% | CA$379.62 Million | CA$6.86 Billion | CA$1.41 Billion | CA$1.03 Billion | ▲ +3.8 pp |
| 2019 | 1.8% | CA$123.37 Million | CA$6.94 Billion | CA$1.13 Billion | CA$1.01 Billion | ▼ -1.8 pp |
| 2018 | 3.6% | CA$232.19 Million | CA$6.46 Billion | CA$1.09 Billion | CA$860.71 Million | ▼ -2.4 pp |
| 2017 | 6.0% | CA$374.27 Million | CA$6.27 Billion | CA$1.18 Billion | CA$802.60 Million | ▲ +3.5 pp |
| 2016 | 2.5% | CA$140.39 Million | CA$5.65 Billion | CA$832.57 Million | CA$692.18 Million | ▲ +3.3 pp |
| 2015 | -0.8% | CA$-15.85 Million | CA$1.99 Billion | CA$362.43 Million | CA$378.27 Million | ▼ -1.1 pp |
| 2014 | 0.3% | CA$5.83 Million | CA$2.23 Billion | CA$366.14 Million | CA$360.31 Million | ▲ +1.1 pp |
| 2013 | -0.8% | CA$-16.51 Million | CA$2.05 Billion | CA$328.50 Million | CA$345.02 Million | ▲ +2.1 pp |
| 2012 | -2.9% | CA$-55.09 Million | CA$1.88 Billion | CA$362.49 Million | CA$417.57 Million | ▼ -0.4 pp |
| 2011 | -2.5% | CA$-34.84 Million | CA$1.40 Billion | CA$249.26 Million | CA$284.10 Million | ▲ +0.3 pp |
| 2010 | -2.8% | CA$-37.98 Million | CA$1.37 Billion | CA$215.56 Million | CA$253.54 Million | ▲ +0.5 pp |
| 2009 | -3.3% | CA$-45.06 Million | CA$1.36 Billion | CA$199.85 Million | CA$244.91 Million | ▼ -20.3 pp |
| 2008 | 17.0% | CA$213.75 Million | CA$1.26 Billion | CA$429.21 Million | CA$215.46 Million | ▲ +20.1 pp |
| 2007 | -3.1% | CA$-24.85 Million | CA$805.37 Million | CA$170.87 Million | CA$195.71 Million | ▼ -4.4 pp |
| 2006 | 1.4% | CA$10.37 Million | CA$764.47 Million | CA$160.23 Million | CA$149.87 Million | ▲ +4.8 pp |
| 2005 | -3.4% | CA$-25.62 Million | CA$744.56 Million | CA$124.38 Million | CA$150.00 Million | ▼ -1.7 pp |
| 2004 | -1.8% | CA$-12.82 Million | CA$731.94 Million | CA$101.48 Million | CA$114.31 Million | ▲ +0.9 pp |
| 2003 | -2.7% | CA$-15.06 Million | CA$561.42 Million | CA$89.02 Million | CA$104.08 Million | ▲ +2.2 pp |
| 2002 | -4.9% | CA$-23.05 Million | CA$474.79 Million | CA$76.21 Million | CA$99.25 Million | ▼ -3.7 pp |
| 2001 | -1.2% | CA$-4.67 Million | CA$399.79 Million | CA$66.77 Million | CA$71.44 Million | ▲ +1.9 pp |
| 2000 | -3.1% | CA$-10.40 Million | CA$334.21 Million | CA$49.03 Million | CA$59.43 Million | ▲ +1.3 pp |
| 1999 | -4.4% | CA$-9.70 Million | CA$218.50 Million | CA$34.40 Million | CA$44.10 Million | ▲ +9.8 pp |
| 1998 | -14.2% | CA$-8.70 Million | CA$61.10 Million | CA$15.70 Million | CA$24.40 Million | ▼ -25.8 pp |
| 1997 | 11.6% | CA$800.00K | CA$6.90 Million | CA$5.10 Million | CA$4.30 Million | — |