Challenger Ltd (CGF) — Working Capital to Net Assets Ratio
Challenger Ltd (CGF) has a Working Capital to Net Assets ratio of 535.5% as of June 2025. Working capital of AU$20.69 Billion (current assets of AU$34.09 Billion minus current liabilities of AU$13.40 Billion) is measured against net assets of AU$3.86 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Challenger Ltd balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Challenger Ltd Working Capital to Net Assets (2003–2025)
This chart shows how Challenger Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2025. As of June 2025, the ratio stands at 535.5%, reflecting working capital of AU$20.69 Billion against net assets of AU$3.86 Billion AUD. Check CGF intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Challenger Ltd (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Challenger Ltd from 2003 to 2025, covering 22 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 CGF market cap.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 535.5% | AU$20.69 Billion | AU$3.86 Billion | AU$34.09 Billion | AU$13.40 Billion | ▲ +766.8 pp |
| 2024 | -231.3% | AU$-8.99 Billion | AU$3.89 Billion | AU$1.60 Billion | AU$10.59 Billion | ▼ -36.7 pp |
| 2023 | -194.5% | AU$-8.10 Billion | AU$4.16 Billion | AU$1.53 Billion | AU$9.63 Billion | ▼ -2.4 pp |
| 2022 | -192.2% | AU$-7.66 Billion | AU$3.99 Billion | AU$1.40 Billion | AU$9.07 Billion | ▼ -7.9 pp |
| 2021 | -184.2% | AU$-7.05 Billion | AU$3.83 Billion | AU$2.24 Billion | AU$9.29 Billion | ▲ +46.8 pp |
| 2020 | -231.0% | AU$-7.51 Billion | AU$3.25 Billion | AU$1.29 Billion | AU$8.79 Billion | ▼ -205.0 pp |
| 2019 | -25.9% | AU$-6.42 Billion | AU$24.72 Billion | AU$791.90 Million | AU$7.21 Billion | ▼ -2.1 pp |
| 2018 | -23.8% | AU$-5.35 Billion | AU$22.48 Billion | AU$839.00 Million | AU$6.19 Billion | ▲ +2.8 pp |
| 2017 | -26.6% | AU$-5.31 Billion | AU$20.00 Billion | AU$637.10 Million | AU$5.95 Billion | ▼ -4.1 pp |
| 2016 | -22.5% | AU$-4.07 Billion | AU$18.10 Billion | AU$673.80 Million | AU$4.74 Billion | ▼ -6.6 pp |
| 2015 | -15.8% | AU$-2.29 Billion | AU$14.49 Billion | AU$593.60 Million | AU$2.89 Billion | ▼ -186.1 pp |
| 2014 | 170.3% | AU$3.88 Billion | AU$2.28 Billion | AU$6.50 Billion | AU$2.62 Billion | ▼ -176.8 pp |
| 2013 | 347.1% | AU$7.96 Billion | AU$2.29 Billion | AU$10.03 Billion | AU$2.07 Billion | ▼ -142.1 pp |
| 2012 | 489.1% | AU$10.00 Billion | AU$2.04 Billion | AU$11.66 Billion | AU$1.66 Billion | ▼ -42.2 pp |
| 2011 | 531.3% | AU$9.56 Billion | AU$1.80 Billion | AU$10.81 Billion | AU$1.25 Billion | ▲ +407.0 pp |
| 2010 | 124.4% | AU$2.14 Billion | AU$1.72 Billion | AU$2.94 Billion | AU$801.70 Million | ▲ +342.4 pp |
| 2009 | -218.0% | AU$-3.68 Billion | AU$1.69 Billion | AU$2.81 Billion | AU$6.49 Billion | ▼ -11.0 pp |
| 2008 | -207.0% | AU$-3.37 Billion | AU$1.63 Billion | AU$4.19 Billion | AU$7.56 Billion | ▼ -143.7 pp |
| 2007 | -63.4% | AU$-917.80 Million | AU$1.45 Billion | AU$2.60 Billion | AU$3.52 Billion | ▼ -105.8 pp |
| 2006 | 42.4% | AU$682.70 Million | AU$1.61 Billion | AU$3.00 Billion | AU$2.32 Billion | ▼ -25.7 pp |
| 2005 | 68.1% | AU$885.99 Million | AU$1.30 Billion | AU$1.82 Billion | AU$935.25 Million | ▲ +162.1 pp |
| 2003 | -94.0% | AU$-1.13 Billion | AU$1.20 Billion | AU$1.15 Billion | AU$2.29 Billion | — |