Theon International Plc (THEON) — Working Capital to Net Assets Ratio
Theon International Plc (THEON) has a Working Capital to Net Assets ratio of 109.0% as of December 2025. Working capital of €447.81 Million (current assets of €535.29 Million minus current liabilities of €87.48 Million) is measured against net assets of €410.83 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Theon International Plc net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Theon International Plc Working Capital to Net Assets (2020–2025)
This chart shows how Theon International Plc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 109.0%, reflecting working capital of €447.81 Million against net assets of €410.83 Million EUR. Check tangible equity quality of Theon International Plc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Theon International Plc (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Theon International Plc from 2020 to 2025, covering 6 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 Theon International Plc (THEON) market capitalisation.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 94.8% | €223.94 Million | €236.20 Million | €331.49 Million | €107.55 Million | ▼ -19.8 pp |
| 2024 | 114.6% | €88.69 Million | €77.36 Million | €188.78 Million | €100.09 Million | ▲ +42.9 pp |
| 2023 | 71.8% | €46.25 Million | €64.45 Million | €135.38 Million | €89.13 Million | ▼ -21.0 pp |
| 2022 | 92.7% | €31.38 Million | €33.85 Million | €60.58 Million | €29.19 Million | ▼ -14.9 pp |
| 2021 | 107.6% | €15.74 Million | €14.62 Million | €37.98 Million | €22.24 Million | ▼ -64.3 pp |
| 2020 | 171.9% | €12.26 Million | €7.13 Million | €33.24 Million | €20.98 Million | — |