Avax S.A (AVAX) — Working Capital to Net Assets Ratio
Avax S.A (AVAX) has a Working Capital to Net Assets ratio of -0.4% as of December 2025. Working capital of €-809.83K (current assets of €888.69 Million minus current liabilities of €889.50 Million) is measured against net assets of €211.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Avax S.A to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Avax S.A Working Capital to Net Assets (2014–2025)
This chart shows how Avax S.A's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at -0.4%, reflecting working capital of €-809.83K against net assets of €211.00 Million EUR. See Avax S.A liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Avax S.A (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Avax S.A from 2014 to 2025, covering 12 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 Avax S.A market capitalisation.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -0.4% | €-809.83K | €211.00 Million | €888.69 Million | €889.50 Million | ▼ -20.8 pp |
| 2024 | 20.4% | €32.17 Million | €157.58 Million | €764.61 Million | €732.44 Million | ▲ +28.5 pp |
| 2023 | -8.1% | €-12.90 Million | €159.72 Million | €700.78 Million | €713.68 Million | ▼ -31.0 pp |
| 2022 | 22.9% | €35.51 Million | €154.91 Million | €612.17 Million | €576.65 Million | ▼ -41.6 pp |
| 2021 | 64.6% | €62.13 Million | €96.23 Million | €709.29 Million | €647.16 Million | ▼ -22.2 pp |
| 2020 | 86.8% | €67.88 Million | €78.20 Million | €612.50 Million | €544.62 Million | ▼ -14.0 pp |
| 2019 | 100.8% | €64.72 Million | €64.19 Million | €948.44 Million | €883.72 Million | ▲ +52.8 pp |
| 2018 | 48.0% | €42.65 Million | €88.80 Million | €528.11 Million | €485.47 Million | ▼ -28.6 pp |
| 2017 | 76.7% | €84.40 Million | €110.10 Million | €668.36 Million | €583.96 Million | ▲ +3.8 pp |
| 2016 | 72.8% | €85.05 Million | €116.75 Million | €764.19 Million | €679.14 Million | ▼ -12.4 pp |
| 2015 | 85.2% | €151.19 Million | €177.41 Million | €779.81 Million | €628.62 Million | ▲ +1.8 pp |
| 2014 | 83.4% | €180.89 Million | €216.80 Million | €835.69 Million | €654.80 Million | — |