Wheaton Precious Metals Corp (WPM) — Working Capital to Net Assets Ratio
Wheaton Precious Metals Corp (WPM) has a Working Capital to Net Assets ratio of 18.4% as of March 2026. Working capital of CA$1.70 Billion (current assets of CA$2.19 Billion minus current liabilities of CA$482.69 Million) is measured against net assets of CA$9.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Wheaton Precious Metals Corp (WPM) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Wheaton Precious Metals Corp Working Capital to Net Assets (1998–2025)
This chart shows how Wheaton Precious Metals Corp's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 18.4%, reflecting working capital of CA$1.70 Billion against net assets of CA$9.25 Billion CAD. Check tangible net worth ratio of Wheaton Precious Metals Corp to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Wheaton Precious Metals Corp (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Wheaton Precious Metals 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 WPM market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 12.1% | CA$1.05 Billion | CA$8.67 Billion | CA$1.20 Billion | CA$154.41 Million | ▲ +1.1 pp |
| 2024 | 11.0% | CA$798.58 Million | CA$7.26 Billion | CA$828.08 Million | CA$29.50 Million | ▲ +3.3 pp |
| 2023 | 7.7% | CA$541.34 Million | CA$6.99 Billion | CA$567.41 Million | CA$26.07 Million | ▼ -2.5 pp |
| 2022 | 10.3% | CA$689.38 Million | CA$6.72 Billion | CA$720.09 Million | CA$30.72 Million | ▲ +6.7 pp |
| 2021 | 3.5% | CA$220.03 Million | CA$6.25 Billion | CA$249.72 Million | CA$29.69 Million | ▲ +0.5 pp |
| 2020 | 3.0% | CA$170.66 Million | CA$5.71 Billion | CA$201.83 Million | CA$31.17 Million | ▲ +1.3 pp |
| 2019 | 1.7% | CA$90.05 Million | CA$5.33 Billion | CA$154.75 Million | CA$64.70 Million | ▲ +0.7 pp |
| 2018 | 1.0% | CA$50.86 Million | CA$5.17 Billion | CA$79.70 Million | CA$28.84 Million | ▼ -0.9 pp |
| 2017 | 1.9% | CA$91.27 Million | CA$4.90 Billion | CA$103.42 Million | CA$12.14 Million | ▼ -0.3 pp |
| 2016 | 2.2% | CA$109.03 Million | CA$4.94 Billion | CA$128.09 Million | CA$19.06 Million | ▼ 0.0 pp |
| 2015 | 2.2% | CA$93.31 Million | CA$4.15 Billion | CA$105.88 Million | CA$12.57 Million | ▼ -6.6 pp |
| 2014 | 8.9% | CA$322.32 Million | CA$3.63 Billion | CA$338.49 Million | CA$16.17 Million | ▲ +6.5 pp |
| 2013 | 2.4% | CA$80.15 Million | CA$3.37 Billion | CA$101.29 Million | CA$21.13 Million | ▼ -21.3 pp |
| 2012 | 23.7% | CA$735.92 Million | CA$3.11 Billion | CA$785.38 Million | CA$49.46 Million | ▲ +19.9 pp |
| 2011 | 3.8% | CA$63.82 Million | CA$1.67 Billion | CA$233.47 Million | CA$169.65 Million | ▼ -7.9 pp |
| 2010 | 11.7% | CA$265.12 Million | CA$2.26 Billion | CA$436.45 Million | CA$171.33 Million | ▲ +8.0 pp |
| 2009 | 3.7% | CA$64.15 Million | CA$1.72 Billion | CA$233.47 Million | CA$169.32 Million | ▲ +6.5 pp |
| 2008 | -2.8% | CA$-24.68 Million | CA$888.02 Million | CA$8.70 Million | CA$33.38 Million | ▲ +0.2 pp |
| 2007 | -3.0% | CA$-23.25 Million | CA$782.23 Million | CA$11.70 Million | CA$34.94 Million | ▼ -9.2 pp |
| 2006 | 6.2% | CA$39.99 Million | CA$641.54 Million | CA$61.35 Million | CA$21.35 Million | ▼ -38.7 pp |
| 2005 | 44.9% | CA$118.70 Million | CA$264.19 Million | CA$120.66 Million | CA$1.96 Million | ▲ +33.2 pp |
| 2004 | 11.7% | CA$18.12 Million | CA$154.43 Million | CA$20.68 Million | CA$2.56 Million | ▼ -74.5 pp |
| 2003 | 86.2% | CA$365.20K | CA$423.71K | CA$424.14K | CA$58.94K | ▲ +23.1 pp |
| 2002 | 63.1% | CA$287.69K | CA$455.93K | CA$326.33K | CA$38.64K | ▲ +18.7 pp |
| 2001 | 44.4% | CA$257.98K | CA$580.42K | CA$303.15K | CA$45.17K | ▲ +0.0 pp |
| 2000 | 44.4% | CA$274.61K | CA$618.52K | CA$342.31K | CA$67.70K | ▼ -22.3 pp |
| 1999 | 66.7% | CA$402.01K | CA$603.01K | CA$469.01K | CA$67.00K | ▲ +0.0 pp |
| 1998 | 66.7% | CA$382.17K | CA$573.25K | CA$445.86K | CA$63.69K | — |