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$8.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See WCN net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Waste Connections Inc Working Capital to Net Assets (1997–2025)
This chart shows how Waste Connections Inc's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at -9.9%, reflecting working capital of CA$-812.70 Million against net assets of CA$8.25 Billion CAD. Check WCN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Waste Connections Inc (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Waste Connections Inc from 1997 to 2025, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see WCN company net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.9% | CA$-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 | — |