Tethys Petroleum Ltd (TPL) — Working Capital to Net Assets Ratio
Tethys Petroleum Ltd (TPL) has a Working Capital to Net Assets ratio of -1.2% as of March 2026. Working capital of CA$-402.00K (current assets of CA$16.08 Million minus current liabilities of CA$16.48 Million) is measured against net assets of CA$34.27 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TPL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tethys Petroleum Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Tethys Petroleum Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of March 2026, the ratio stands at -1.2%, reflecting working capital of CA$-402.00K against net assets of CA$34.27 Million CAD. For the complete balance sheet picture, see Tethys Petroleum Ltd asset portfolio.
Annual Working Capital to Net Assets for Tethys Petroleum Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tethys Petroleum Ltd from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Explore Tethys Petroleum Ltd long-term investment intensity to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.0% | CA$-3.34 Million | CA$30.26 Million | CA$13.43 Million | CA$16.78 Million | ▼ -26.1 pp |
| 2024 | 15.0% | CA$3.47 Million | CA$23.15 Million | CA$9.44 Million | CA$5.97 Million | ▼ -3.4 pp |
| 2023 | 18.4% | CA$7.77 Million | CA$42.19 Million | CA$12.65 Million | CA$4.88 Million | ▲ +5.7 pp |
| 2022 | 12.7% | CA$4.47 Million | CA$35.12 Million | CA$24.13 Million | CA$19.66 Million | ▲ +108.7 pp |
| 2021 | -95.9% | CA$-21.45 Million | CA$22.36 Million | CA$13.53 Million | CA$34.98 Million | ▼ -48.4 pp |
| 2020 | -47.5% | CA$-11.84 Million | CA$24.92 Million | CA$5.19 Million | CA$17.03 Million | ▲ +51.8 pp |
| 2019 | -99.3% | CA$-47.11 Million | CA$47.45 Million | CA$4.49 Million | CA$51.60 Million | ▼ -44.4 pp |
| 2018 | -54.9% | CA$-30.88 Million | CA$56.26 Million | CA$6.70 Million | CA$37.58 Million | ▲ +43.6 pp |
| 2017 | -98.5% | CA$-47.21 Million | CA$47.94 Million | CA$7.71 Million | CA$54.91 Million | ▼ -51.9 pp |
| 2016 | -46.6% | CA$-43.44 Million | CA$93.23 Million | CA$10.37 Million | CA$53.81 Million | ▼ -34.2 pp |
| 2015 | -12.4% | CA$-16.30 Million | CA$131.57 Million | CA$8.08 Million | CA$24.38 Million | ▼ -84.8 pp |
| 2014 | 72.4% | CA$148.92 Million | CA$205.75 Million | CA$176.38 Million | CA$27.46 Million | ▼ -4.2 pp |
| 2013 | 76.6% | CA$155.24 Million | CA$202.59 Million | CA$187.27 Million | CA$32.02 Million | ▲ +81.1 pp |
| 2012 | -4.5% | CA$-9.95 Million | CA$220.15 Million | CA$14.38 Million | CA$24.32 Million | ▼ -4.9 pp |
| 2011 | 0.4% | CA$942.00K | CA$237.88 Million | CA$21.78 Million | CA$20.84 Million | ▼ -28.7 pp |
| 2010 | 29.1% | CA$69.72 Million | CA$239.52 Million | CA$86.41 Million | CA$16.69 Million | ▲ +29.3 pp |
| 2009 | -0.1% | CA$-157.00K | CA$106.60 Million | CA$11.98 Million | CA$12.13 Million | ▼ -22.5 pp |
| 2008 | 22.3% | CA$21.49 Million | CA$96.17 Million | CA$25.08 Million | CA$3.59 Million | ▼ -15.6 pp |
| 2007 | 37.9% | CA$25.77 Million | CA$67.94 Million | CA$28.05 Million | CA$2.28 Million | ▲ +32.7 pp |
| 2006 | 5.2% | CA$765.73K | CA$14.69 Million | CA$2.10 Million | CA$1.33 Million | ▼ -264.4 pp |
| 2005 | 269.6% | CA$-7.78 Million | CA$-2.88 Million | CA$440.28K | CA$8.22 Million | ▲ +137.1 pp |
| 2004 | 132.5% | CA$-1.09 Million | CA$-820.90K | CA$56.67K | CA$1.14 Million | — |