Bluescope Steel Ltd (BSL) — Working Capital to Net Assets Ratio
Bluescope Steel Ltd (BSL) has a Working Capital to Net Assets ratio of 27.2% as of December 2025. Working capital of AU$3.10 Billion (current assets of AU$5.84 Billion minus current liabilities of AU$2.73 Billion) is measured against net assets of AU$11.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bluescope Steel Ltd (BSL) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bluescope Steel Ltd Working Capital to Net Assets (2002–2025)
This chart shows how Bluescope Steel Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 27.2%, reflecting working capital of AU$3.10 Billion against net assets of AU$11.42 Billion AUD. For the complete balance sheet picture, see Bluescope Steel Ltd asset portfolio.
Annual Working Capital to Net Assets for Bluescope Steel Ltd (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bluescope Steel Ltd from 2002 to 2025, covering 24 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. Check Bluescope Steel Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 25.7% | AU$2.89 Billion | AU$11.27 Billion | AU$5.92 Billion | AU$3.03 Billion | ▼ -1.0 pp |
| 2024 | 26.7% | AU$3.01 Billion | AU$11.29 Billion | AU$6.10 Billion | AU$3.09 Billion | ▼ -3.1 pp |
| 2023 | 29.8% | AU$3.28 Billion | AU$11.03 Billion | AU$6.76 Billion | AU$3.47 Billion | ▼ -0.1 pp |
| 2022 | 29.9% | AU$3.12 Billion | AU$10.45 Billion | AU$7.86 Billion | AU$4.74 Billion | ▼ -5.1 pp |
| 2021 | 35.0% | AU$2.86 Billion | AU$8.16 Billion | AU$6.14 Billion | AU$3.28 Billion | ▲ +5.9 pp |
| 2020 | 29.1% | AU$2.05 Billion | AU$7.04 Billion | AU$4.59 Billion | AU$2.54 Billion | ▼ -0.6 pp |
| 2019 | 29.7% | AU$2.18 Billion | AU$7.34 Billion | AU$5.08 Billion | AU$2.90 Billion | ▲ +2.3 pp |
| 2018 | 27.4% | AU$1.89 Billion | AU$6.89 Billion | AU$4.49 Billion | AU$2.61 Billion | ▲ +1.6 pp |
| 2017 | 25.7% | AU$1.43 Billion | AU$5.54 Billion | AU$3.87 Billion | AU$2.45 Billion | ▲ +7.2 pp |
| 2016 | 18.5% | AU$922.10 Million | AU$4.99 Billion | AU$3.21 Billion | AU$2.28 Billion | ▼ -6.4 pp |
| 2015 | 24.9% | AU$1.18 Billion | AU$4.74 Billion | AU$3.19 Billion | AU$2.01 Billion | ▼ -2.1 pp |
| 2014 | 27.0% | AU$1.20 Billion | AU$4.46 Billion | AU$3.13 Billion | AU$1.93 Billion | ▼ -1.6 pp |
| 2013 | 28.5% | AU$1.27 Billion | AU$4.46 Billion | AU$2.94 Billion | AU$1.67 Billion | ▲ +8.3 pp |
| 2012 | 20.2% | AU$764.90 Million | AU$3.78 Billion | AU$2.57 Billion | AU$1.80 Billion | ▼ -10.3 pp |
| 2011 | 30.6% | AU$1.34 Billion | AU$4.40 Billion | AU$3.22 Billion | AU$1.88 Billion | ▲ +5.1 pp |
| 2010 | 25.4% | AU$1.46 Billion | AU$5.76 Billion | AU$3.27 Billion | AU$1.80 Billion | ▲ +1.1 pp |
| 2009 | 24.3% | AU$1.38 Billion | AU$5.66 Billion | AU$3.06 Billion | AU$1.68 Billion | ▲ +22.3 pp |
| 2008 | 2.1% | AU$80.90 Million | AU$3.94 Billion | AU$3.20 Billion | AU$3.12 Billion | ▼ -20.9 pp |
| 2007 | 23.0% | AU$888.90 Million | AU$3.87 Billion | AU$3.01 Billion | AU$2.12 Billion | ▲ +7.4 pp |
| 2006 | 15.6% | AU$481.50 Million | AU$3.08 Billion | AU$2.74 Billion | AU$2.26 Billion | ▼ -4.8 pp |
| 2005 | 20.4% | AU$715.70 Million | AU$3.50 Billion | AU$2.33 Billion | AU$1.61 Billion | ▲ +9.2 pp |
| 2004 | 11.2% | AU$357.90 Million | AU$3.19 Billion | AU$2.04 Billion | AU$1.69 Billion | ▼ -2.5 pp |
| 2003 | 13.7% | AU$422.40 Million | AU$3.09 Billion | AU$1.39 Billion | AU$969.30 Million | ▲ +46.8 pp |
| 2002 | -33.2% | AU$-255.90 Million | AU$771.70 Million | AU$2.47 Billion | AU$2.72 Billion | — |