BHP Group Ltd (BHP) — Working Capital to Net Assets Ratio
BHP Group Ltd (BHP) has a Working Capital to Net Assets ratio of 18.4% as of December 2025. Working capital of AU$10.21 Billion (current assets of AU$25.95 Billion minus current liabilities of AU$15.74 Billion) is measured against net assets of AU$55.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See BHP net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
BHP Group Ltd Working Capital to Net Assets (1987–2025)
This chart shows how BHP Group Ltd's Working Capital to Net Assets ratio has evolved across 39 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 18.4%, reflecting working capital of AU$10.21 Billion against net assets of AU$55.50 Billion AUD. Check BHP Group Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for BHP Group Ltd (1987–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for BHP Group Ltd from 1987 to 2025, covering 39 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 BHP Group Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 13.8% | AU$7.19 Billion | AU$52.22 Billion | AU$22.83 Billion | AU$15.64 Billion | ▼ -6.7 pp |
| 2024 | 20.4% | AU$10.04 Billion | AU$49.12 Billion | AU$24.34 Billion | AU$14.30 Billion | ▲ +11.6 pp |
| 2023 | 8.9% | AU$4.31 Billion | AU$48.53 Billion | AU$23.35 Billion | AU$19.04 Billion | ▼ -15.2 pp |
| 2022 | 24.1% | AU$11.74 Billion | AU$48.77 Billion | AU$28.66 Billion | AU$16.92 Billion | ▲ +5.6 pp |
| 2021 | 18.5% | AU$10.29 Billion | AU$55.60 Billion | AU$26.69 Billion | AU$16.40 Billion | ▲ +5.8 pp |
| 2020 | 12.7% | AU$6.65 Billion | AU$52.17 Billion | AU$21.47 Billion | AU$14.82 Billion | ▼ -8.6 pp |
| 2019 | 21.3% | AU$11.03 Billion | AU$51.82 Billion | AU$23.37 Billion | AU$12.34 Billion | ▼ -13.6 pp |
| 2018 | 34.8% | AU$21.14 Billion | AU$60.67 Billion | AU$35.13 Billion | AU$13.99 Billion | ▲ +19.4 pp |
| 2017 | 15.4% | AU$9.69 Billion | AU$62.73 Billion | AU$21.06 Billion | AU$11.37 Billion | ▲ +6.5 pp |
| 2016 | 8.9% | AU$5.37 Billion | AU$60.07 Billion | AU$17.71 Billion | AU$12.34 Billion | ▲ +4.0 pp |
| 2015 | 5.0% | AU$3.52 Billion | AU$70.55 Billion | AU$16.37 Billion | AU$12.85 Billion | ▲ +0.0 pp |
| 2014 | 5.0% | AU$4.23 Billion | AU$85.38 Billion | AU$22.30 Billion | AU$18.06 Billion | ▲ +6.6 pp |
| 2013 | -1.6% | AU$-1.19 Billion | AU$74.22 Billion | AU$18.95 Billion | AU$20.14 Billion | ▲ +0.8 pp |
| 2012 | -2.4% | AU$-1.58 Billion | AU$67.08 Billion | AU$20.45 Billion | AU$22.03 Billion | ▼ -12.0 pp |
| 2011 | 9.6% | AU$5.55 Billion | AU$57.76 Billion | AU$25.28 Billion | AU$19.73 Billion | ▼ -14.9 pp |
| 2010 | 24.5% | AU$12.09 Billion | AU$49.33 Billion | AU$25.13 Billion | AU$13.04 Billion | ▼ -1.6 pp |
| 2009 | 26.1% | AU$10.64 Billion | AU$40.71 Billion | AU$22.49 Billion | AU$11.85 Billion | ▲ +12.8 pp |
| 2008 | 13.3% | AU$5.20 Billion | AU$39.04 Billion | AU$21.56 Billion | AU$16.36 Billion | ▲ +10.5 pp |
| 2007 | 2.8% | AU$838.00 Million | AU$29.92 Billion | AU$11.09 Billion | AU$10.25 Billion | ▲ +3.1 pp |
| 2006 | -0.3% | AU$-85.00 Million | AU$24.45 Billion | AU$8.78 Billion | AU$8.86 Billion | ▲ +2.7 pp |
| 2005 | -3.1% | AU$-675.00 Million | AU$22.00 Billion | AU$7.84 Billion | AU$8.52 Billion | ▼ -9.4 pp |
| 2004 | 6.3% | AU$1.21 Billion | AU$19.16 Billion | AU$6.86 Billion | AU$5.66 Billion | ▲ +0.9 pp |
| 2003 | 5.4% | AU$933.00 Million | AU$17.16 Billion | AU$5.58 Billion | AU$4.65 Billion | ▲ +0.7 pp |
| 2002 | 4.7% | AU$595.00 Million | AU$12.68 Billion | AU$6.82 Billion | AU$6.23 Billion | ▲ +3.0 pp |
| 2001 | 1.7% | AU$97.00 Million | AU$5.74 Billion | AU$2.96 Billion | AU$2.86 Billion | ▲ +8.4 pp |
| 2000 | -6.7% | AU$-443.00 Million | AU$6.57 Billion | AU$3.63 Billion | AU$4.07 Billion | ▼ -3.1 pp |
| 1999 | -3.7% | AU$-224.00 Million | AU$6.11 Billion | AU$3.72 Billion | AU$3.94 Billion | ▼ -12.1 pp |
| 1998 | 8.4% | AU$653.00 Million | AU$7.77 Billion | AU$4.40 Billion | AU$3.74 Billion | ▲ +1.8 pp |
| 1997 | 6.6% | AU$818.00 Million | AU$12.37 Billion | AU$6.19 Billion | AU$5.37 Billion | ▲ +4.6 pp |
| 1996 | 2.0% | AU$253.10 Million | AU$12.57 Billion | AU$5.32 Billion | AU$5.06 Billion | ▼ -3.0 pp |
| 1995 | 5.1% | AU$536.90 Million | AU$10.63 Billion | AU$4.38 Billion | AU$3.85 Billion | ▲ +2.6 pp |
| 1994 | 2.4% | AU$230.60 Million | AU$9.53 Billion | AU$4.13 Billion | AU$3.90 Billion | ▲ +6.7 pp |
| 1993 | -4.3% | AU$-331.40 Million | AU$7.72 Billion | AU$3.39 Billion | AU$3.72 Billion | ▲ +12.4 pp |
| 1992 | -16.6% | AU$-1.06 Billion | AU$6.36 Billion | AU$3.55 Billion | AU$4.61 Billion | ▼ -12.7 pp |
| 1991 | -4.0% | AU$-210.00 Million | AU$5.28 Billion | AU$3.62 Billion | AU$3.83 Billion | ▼ -15.3 pp |
| 1990 | 11.3% | AU$661.70 Million | AU$5.85 Billion | AU$3.87 Billion | AU$3.21 Billion | ▼ -1.5 pp |
| 1989 | 12.8% | AU$689.20 Million | AU$5.38 Billion | AU$3.03 Billion | AU$2.34 Billion | ▲ +26.4 pp |
| 1988 | -13.6% | AU$-642.60 Million | AU$4.72 Billion | AU$3.59 Billion | AU$4.24 Billion | ▼ -19.5 pp |
| 1987 | 5.9% | AU$326.20 Million | AU$5.54 Billion | AU$2.43 Billion | AU$2.11 Billion | — |