Cullen Resources Ltd (CUL) — Working Capital to Net Assets Ratio
Cullen Resources Ltd (CUL) has a Working Capital to Net Assets ratio of 14.6% as of December 2025. Working capital of AU$813.28K (current assets of AU$987.60K minus current liabilities of AU$174.32K) is measured against net assets of AU$5.58 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CUL free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cullen Resources Ltd Working Capital to Net Assets (1989–2025)
This chart shows how Cullen Resources Ltd's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 14.6%, reflecting working capital of AU$813.28K against net assets of AU$5.58 Million AUD. See defensive interval ratio of Cullen Resources Ltd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Cullen Resources Ltd (1989–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cullen Resources Ltd from 1989 to 2025, covering 37 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Cullen Resources Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.3% | AU$-239.38K | AU$4.54 Million | AU$46.00K | AU$285.38K | ▼ -4.0 pp |
| 2024 | -1.3% | AU$-59.57K | AU$4.70 Million | AU$104.68K | AU$164.25K | ▼ -9.6 pp |
| 2023 | 8.4% | AU$436.81K | AU$5.23 Million | AU$603.19K | AU$166.38K | ▼ -0.4 pp |
| 2022 | 8.7% | AU$457.40K | AU$5.24 Million | AU$601.68K | AU$144.29K | ▼ -12.6 pp |
| 2021 | 21.3% | AU$1.29 Million | AU$6.06 Million | AU$1.45 Million | AU$164.32K | ▲ +18.3 pp |
| 2020 | 3.0% | AU$148.27K | AU$4.92 Million | AU$311.11K | AU$162.84K | ▼ -2.1 pp |
| 2019 | 5.1% | AU$257.82K | AU$5.02 Million | AU$407.67K | AU$149.85K | ▼ -1.5 pp |
| 2018 | 6.6% | AU$336.71K | AU$5.10 Million | AU$451.04K | AU$114.33K | ▼ -5.0 pp |
| 2017 | 11.6% | AU$629.68K | AU$5.41 Million | AU$779.24K | AU$149.56K | ▲ +6.5 pp |
| 2016 | 5.1% | AU$313.71K | AU$6.14 Million | AU$575.44K | AU$261.73K | ▼ -4.2 pp |
| 2015 | 9.3% | AU$550.30K | AU$5.89 Million | AU$960.96K | AU$410.65K | ▼ -7.3 pp |
| 2014 | 16.6% | AU$894.99K | AU$5.39 Million | AU$1.16 Million | AU$267.77K | ▼ -12.2 pp |
| 2013 | 28.8% | AU$1.71 Million | AU$5.93 Million | AU$1.92 Million | AU$212.18K | ▼ -1.6 pp |
| 2012 | 30.4% | AU$1.65 Million | AU$5.41 Million | AU$2.60 Million | AU$958.06K | ▼ -8.8 pp |
| 2011 | 39.2% | AU$2.37 Million | AU$6.05 Million | AU$2.70 Million | AU$330.77K | ▼ -0.2 pp |
| 2010 | 39.4% | AU$1.68 Million | AU$4.27 Million | AU$2.17 Million | AU$492.60K | ▼ -28.0 pp |
| 2009 | 67.4% | AU$4.13 Million | AU$6.13 Million | AU$4.76 Million | AU$625.46K | ▲ +10.7 pp |
| 2008 | 56.6% | AU$6.99 Million | AU$12.34 Million | AU$7.48 Million | AU$485.33K | ▲ +33.3 pp |
| 2007 | 23.3% | AU$1.57 Million | AU$6.71 Million | AU$1.80 Million | AU$235.35K | ▲ +7.1 pp |
| 2006 | 16.3% | AU$917.73K | AU$5.64 Million | AU$1.13 Million | AU$211.38K | ▼ -7.2 pp |
| 2005 | 23.5% | AU$1.53 Million | AU$6.50 Million | AU$1.67 Million | AU$143.26K | ▲ +6.3 pp |
| 2004 | 17.2% | AU$955.04K | AU$5.56 Million | AU$1.07 Million | AU$111.32K | ▼ -9.2 pp |
| 2003 | 26.4% | AU$1.43 Million | AU$5.44 Million | AU$1.51 Million | AU$78.28K | ▼ -23.3 pp |
| 2002 | 49.6% | AU$2.61 Million | AU$5.26 Million | AU$2.71 Million | AU$97.42K | ▲ +24.0 pp |
| 2001 | 25.6% | AU$1.07 Million | AU$4.19 Million | AU$1.18 Million | AU$106.26K | ▼ -2.2 pp |
| 2000 | 27.8% | AU$976.25K | AU$3.51 Million | AU$1.07 Million | AU$90.46K | ▼ -6.5 pp |
| 1999 | 34.3% | AU$1.78 Million | AU$5.19 Million | AU$1.99 Million | AU$208.58K | ▲ +15.5 pp |
| 1998 | 18.8% | AU$84.45K | AU$450.10K | AU$124.88K | AU$40.44K | ▼ -40.5 pp |
| 1997 | 59.3% | AU$841.30K | AU$1.42 Million | AU$854.81K | AU$13.51K | ▲ +53.2 pp |
| 1996 | 6.1% | AU$110.41K | AU$1.80 Million | AU$207.90K | AU$97.49K | ▲ +12.1 pp |
| 1995 | -5.9% | AU$-106.00K | AU$1.79 Million | AU$131.00K | AU$237.00K | ▲ +23.0 pp |
| 1994 | -28.9% | AU$-1.03 Million | AU$3.56 Million | AU$161.00K | AU$1.19 Million | ▲ +4.9 pp |
| 1993 | -33.9% | AU$-1.31 Million | AU$3.86 Million | AU$512.00K | AU$1.82 Million | ▼ -58.9 pp |
| 1992 | 25.0% | AU$994.00K | AU$3.97 Million | AU$1.29 Million | AU$293.00K | ▼ -38.3 pp |
| 1991 | 63.4% | AU$5.02 Million | AU$7.93 Million | AU$5.50 Million | AU$478.00K | ▲ +90.0 pp |
| 1990 | -26.6% | AU$-1.85 Million | AU$6.94 Million | AU$1.20 Million | AU$3.04 Million | ▲ +12.9 pp |
| 1989 | -39.6% | AU$-2.46 Million | AU$6.22 Million | AU$1.75 Million | AU$4.21 Million | — |