Appen Ltd (APX) — Working Capital to Net Assets Ratio
Appen Ltd (APX) has a Working Capital to Net Assets ratio of 79.6% as of December 2025. Working capital of AU$75.36 Million (current assets of AU$122.78 Million minus current liabilities of AU$47.42 Million) is measured against net assets of AU$94.67 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See APX equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Appen Ltd Working Capital to Net Assets (2013–2025)
This chart shows how Appen Ltd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 79.6%, reflecting working capital of AU$75.36 Million against net assets of AU$94.67 Million AUD. Check how tangible is Appen Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Appen Ltd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Appen Ltd from 2013 to 2025, covering 13 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 APX stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 79.6% | AU$75.36 Million | AU$94.67 Million | AU$122.78 Million | AU$47.42 Million | ▲ +5.0 pp |
| 2024 | 74.6% | AU$85.31 Million | AU$114.32 Million | AU$129.18 Million | AU$43.86 Million | ▼ -5.4 pp |
| 2023 | 80.0% | AU$108.97 Million | AU$136.15 Million | AU$156.63 Million | AU$47.66 Million | ▲ +39.8 pp |
| 2022 | 40.3% | AU$87.86 Million | AU$218.22 Million | AU$183.84 Million | AU$95.98 Million | ▲ +15.4 pp |
| 2021 | 24.8% | AU$133.93 Million | AU$538.99 Million | AU$222.77 Million | AU$88.84 Million | ▼ -0.5 pp |
| 2020 | 25.4% | AU$122.86 Million | AU$484.27 Million | AU$200.62 Million | AU$77.76 Million | ▲ +10.0 pp |
| 2019 | 15.3% | AU$73.84 Million | AU$481.78 Million | AU$202.64 Million | AU$128.80 Million | ▼ -37.7 pp |
| 2018 | 53.1% | AU$73.99 Million | AU$139.40 Million | AU$114.31 Million | AU$40.33 Million | ▲ +6.8 pp |
| 2017 | 46.3% | AU$43.26 Million | AU$93.41 Million | AU$68.17 Million | AU$24.91 Million | ▼ -19.6 pp |
| 2016 | 65.9% | AU$23.32 Million | AU$35.40 Million | AU$38.75 Million | AU$15.42 Million | ▲ +0.2 pp |
| 2015 | 65.6% | AU$13.70 Million | AU$20.87 Million | AU$22.05 Million | AU$8.36 Million | ▲ +16.6 pp |
| 2014 | 49.0% | AU$9.63 Million | AU$19.65 Million | AU$18.92 Million | AU$9.29 Million | ▲ +10.5 pp |
| 2013 | 38.5% | AU$6.00 Million | AU$15.60 Million | AU$13.20 Million | AU$7.20 Million | — |