Bega Cheese Ltd (BGA) — Working Capital to Net Assets Ratio
Bega Cheese Ltd (BGA) has a Working Capital to Net Assets ratio of 19.3% as of December 2025. Working capital of AU$194.90 Million (current assets of AU$883.40 Million minus current liabilities of AU$688.50 Million) is measured against net assets of AU$1.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bega Cheese Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bega Cheese Ltd Working Capital to Net Assets (2012–2025)
This chart shows how Bega Cheese Ltd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 19.3%, reflecting working capital of AU$194.90 Million against net assets of AU$1.01 Billion AUD. See Bega Cheese Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Bega Cheese Ltd (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bega Cheese Ltd from 2012 to 2025, covering 14 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 Bega Cheese Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 11.6% | AU$114.10 Million | AU$980.20 Million | AU$729.50 Million | AU$615.40 Million | ▲ +0.4 pp |
| 2024 | 11.3% | AU$114.20 Million | AU$1.01 Billion | AU$821.70 Million | AU$707.50 Million | ▼ -4.0 pp |
| 2023 | 15.3% | AU$153.60 Million | AU$1.00 Billion | AU$832.20 Million | AU$678.60 Million | ▲ +5.5 pp |
| 2022 | 9.8% | AU$124.30 Million | AU$1.26 Billion | AU$730.30 Million | AU$606.00 Million | ▼ -1.8 pp |
| 2021 | 11.6% | AU$147.20 Million | AU$1.27 Billion | AU$833.20 Million | AU$686.00 Million | ▼ -1.1 pp |
| 2020 | 12.7% | AU$103.71 Million | AU$814.04 Million | AU$409.69 Million | AU$305.97 Million | ▼ -7.8 pp |
| 2019 | 20.5% | AU$167.16 Million | AU$815.01 Million | AU$491.22 Million | AU$324.06 Million | ▼ -9.7 pp |
| 2018 | 30.2% | AU$190.84 Million | AU$631.99 Million | AU$469.03 Million | AU$278.19 Million | ▼ -66.2 pp |
| 2017 | 96.4% | AU$551.89 Million | AU$572.67 Million | AU$818.47 Million | AU$266.58 Million | ▲ +54.6 pp |
| 2016 | 41.8% | AU$137.02 Million | AU$327.84 Million | AU$346.27 Million | AU$209.25 Million | ▼ -6.0 pp |
| 2015 | 47.8% | AU$149.30 Million | AU$312.67 Million | AU$328.59 Million | AU$179.29 Million | ▲ +13.0 pp |
| 2014 | 34.8% | AU$109.37 Million | AU$314.39 Million | AU$321.54 Million | AU$212.17 Million | ▼ -8.9 pp |
| 2013 | 43.7% | AU$114.43 Million | AU$261.95 Million | AU$289.20 Million | AU$174.77 Million | ▲ +3.3 pp |
| 2012 | 40.4% | AU$99.50 Million | AU$246.44 Million | AU$264.81 Million | AU$165.31 Million | — |