Coles Group Ltd (COL) — Working Capital to Net Assets Ratio
Coles Group Ltd (COL) has a Working Capital to Net Assets ratio of -64.2% as of December 2025. Working capital of AU$-2.49 Billion (current assets of AU$4.28 Billion minus current liabilities of AU$6.77 Billion) is measured against net assets of AU$3.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Coles Group Ltd to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Coles Group Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Coles Group Ltd's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2004 to 2025. As of December 2025, the ratio stands at -64.2%, reflecting working capital of AU$-2.49 Billion against net assets of AU$3.88 Billion AUD. For the complete balance sheet picture, see COL asset base.
Annual Working Capital to Net Assets for Coles Group Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Coles Group Ltd from 2004 to 2025, covering 12 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check COL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -70.4% | AU$-2.68 Billion | AU$3.81 Billion | AU$4.18 Billion | AU$6.86 Billion | ▲ +6.6 pp |
| 2024 | -77.0% | AU$-2.79 Billion | AU$3.62 Billion | AU$3.99 Billion | AU$6.77 Billion | ▲ +2.1 pp |
| 2023 | -79.1% | AU$-2.66 Billion | AU$3.36 Billion | AU$3.75 Billion | AU$6.41 Billion | ▲ +6.1 pp |
| 2022 | -85.3% | AU$-2.66 Billion | AU$3.12 Billion | AU$3.75 Billion | AU$6.42 Billion | ▼ -0.5 pp |
| 2021 | -84.8% | AU$-2.38 Billion | AU$2.81 Billion | AU$3.43 Billion | AU$5.82 Billion | ▼ -12.1 pp |
| 2020 | -72.7% | AU$-1.90 Billion | AU$2.62 Billion | AU$3.78 Billion | AU$5.68 Billion | ▼ -46.4 pp |
| 2019 | -26.4% | AU$-885.00 Million | AU$3.36 Billion | AU$3.41 Billion | AU$4.29 Billion | ▲ +10.4 pp |
| 2018 | -36.7% | AU$-1.08 Billion | AU$2.94 Billion | AU$3.15 Billion | AU$4.23 Billion | ▼ -35.9 pp |
| 2007 | -0.8% | AU$-31.90 Million | AU$3.91 Billion | AU$3.95 Billion | AU$3.98 Billion | ▲ +1.4 pp |
| 2006 | -2.3% | AU$-81.50 Million | AU$3.60 Billion | AU$3.88 Billion | AU$3.96 Billion | ▼ -11.0 pp |
| 2005 | 8.7% | AU$296.70 Million | AU$3.42 Billion | AU$4.26 Billion | AU$3.96 Billion | ▼ -10.0 pp |
| 2004 | 18.7% | AU$767.40 Million | AU$4.10 Billion | AU$4.57 Billion | AU$3.80 Billion | — |