AVE S.A. Working Capital to Net Assets Ratio
AVE S.A. working capital to net assets ratio. AVE S.A. (AVE) has a Working Capital to Net Assets ratio of -89.4% as of December 2025. Working capital of €-7.08 Million (current assets of €15.19 Million minus current liabilities of €22.27 Million) is measured against net assets of €7.93 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check AVE S.A. tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of AVE S.A. (2014–2025)
Working capital to net assets ratio of AVE S.A. from 2014 to 2025. This chart shows how AVE S.A.'s Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2025. As of December 2025, the ratio stands at -89.4%, reflecting working capital of €-7.08 Million against net assets of €7.93 Million EUR. See AVE days of operational coverage to measure how many days the company can operate on defensive assets alone.
AVE S.A. Working Capital to Net Assets Ratio by Year (2014–2025)
AVE S.A. working capital to net assets ratio by year from 2014 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for AVE S.A. from 2014 to 2025, covering 11 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 the complete balance sheet picture, see balance sheet size of AVE S.A..
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -89.4% | €-7.08 Million | €7.93 Million | €15.19 Million | €22.27 Million | ▼ -168.0 pp |
| 2023 | 78.6% | €-4.80 Million | €-6.11 Million | €16.20 Million | €20.99 Million | ▲ +147.5 pp |
| 2022 | -68.9% | €1.64 Million | €-2.38 Million | €49.37 Million | €47.73 Million | ▼ -140.3 pp |
| 2021 | 71.5% | €4.02 Million | €5.63 Million | €54.55 Million | €50.52 Million | ▼ -104.2 pp |
| 2020 | 175.6% | €9.39 Million | €5.35 Million | €69.96 Million | €60.57 Million | ▼ -990.9 pp |
| 2019 | 1166.6% | €-35.62 Million | €-3.05 Million | €47.32 Million | €82.94 Million | ▲ +1890.4 pp |
| 2018 | -723.8% | €-34.89 Million | €4.82 Million | €20.38 Million | €55.27 Million | ▼ -112.3 pp |
| 2017 | -611.5% | €-54.36 Million | €8.89 Million | €40.44 Million | €94.79 Million | ▲ +949.7 pp |
| 2016 | -1561.2% | €-85.64 Million | €5.49 Million | €39.31 Million | €124.95 Million | ▼ -789.3 pp |
| 2015 | -771.9% | €-90.88 Million | €11.77 Million | €33.73 Million | €124.61 Million | ▼ -172.1 pp |
| 2014 | -599.8% | €-83.14 Million | €13.86 Million | €31.76 Million | €114.90 Million | — |