Global Masters Fund Ltd (GFL) — Working Capital to Net Assets Ratio
Global Masters Fund Ltd (GFL) has a Working Capital to Net Assets ratio of 3.4% as of December 2025. Working capital of AU$1.47 Million (current assets of AU$2.64 Million minus current liabilities of AU$1.17 Million) is measured against net assets of AU$43.78 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see GFL asset base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Global Masters Fund Ltd Working Capital to Net Assets (2000–2025)
This chart shows how Global Masters Fund Ltd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 3.4%, reflecting working capital of AU$1.47 Million against net assets of AU$43.78 Million AUD. Check Global Masters Fund Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for Global Masters Fund Ltd (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Global Masters Fund Ltd from 2000 to 2025, covering 21 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. Explore Global Masters Fund Ltd long-term investment intensity to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 5.1% | AU$2.22 Million | AU$43.67 Million | AU$2.80 Million | AU$584.77K | ▲ +4.6 pp |
| 2024 | 0.5% | AU$169.18K | AU$36.54 Million | AU$198.36K | AU$29.18K | ▼ -0.2 pp |
| 2023 | 0.7% | AU$215.78K | AU$31.88 Million | AU$226.28K | AU$10.50K | ▼ -0.1 pp |
| 2022 | 0.8% | AU$213.73K | AU$26.05 Million | AU$230.68K | AU$16.95K | ▼ -0.7 pp |
| 2021 | 1.5% | AU$416.30K | AU$27.08 Million | AU$435.71K | AU$19.41K | ▲ +0.9 pp |
| 2020 | 0.7% | AU$138.73K | AU$20.85 Million | AU$147.39K | AU$8.66K | ▼ -2.2 pp |
| 2019 | 2.9% | AU$648.65K | AU$22.53 Million | AU$654.00K | AU$5.35K | ▲ +0.4 pp |
| 2018 | 2.5% | AU$516.15K | AU$20.99 Million | AU$522.41K | AU$6.25K | ▼ -4.3 pp |
| 2017 | 6.8% | AU$1.01 Million | AU$14.93 Million | AU$1.04 Million | AU$28.51K | ▲ +6.4 pp |
| 2016 | 0.4% | AU$51.26K | AU$13.51 Million | AU$64.66K | AU$13.41K | ▲ +11.0 pp |
| 2015 | -10.7% | AU$-1.37 Million | AU$12.86 Million | AU$62.91K | AU$1.43 Million | ▼ -4.4 pp |
| 2014 | -6.2% | AU$-707.33K | AU$11.35 Million | AU$148.48K | AU$855.81K | ▼ -3.4 pp |
| 2013 | -2.8% | AU$-286.02K | AU$10.14 Million | AU$121.11K | AU$407.12K | ▼ -5.0 pp |
| 2012 | 2.2% | AU$170.78K | AU$7.73 Million | AU$187.79K | AU$17.01K | ▲ +0.7 pp |
| 2011 | 1.5% | AU$114.38K | AU$7.53 Million | AU$131.44K | AU$17.06K | ▲ +0.3 pp |
| 2010 | 1.2% | AU$107.45K | AU$9.14 Million | AU$136.94K | AU$29.49K | ▼ -3.4 pp |
| 2009 | 4.6% | AU$491.61K | AU$10.74 Million | AU$512.25K | AU$20.64K | ▲ +4.0 pp |
| 2008 | 0.6% | AU$83.17K | AU$13.72 Million | AU$101.66K | AU$18.49K | ▲ +0.4 pp |
| 2007 | 0.2% | AU$31.18K | AU$15.57 Million | AU$102.46K | AU$71.27K | ▼ -1.6 pp |
| 2006 | 1.8% | AU$313.13K | AU$16.95 Million | AU$432.35K | AU$119.22K | ▼ -94.5 pp |
| 2000 | 96.4% | AU$8.02 Million | AU$8.32 Million | AU$8.38 Million | AU$366.45K | — |