Goodman Group (GMG) — Working Capital to Net Assets Ratio
Goodman Group (GMG) has a Working Capital to Net Assets ratio of 17.0% as of December 2025. Working capital of AU$4.04 Billion (current assets of AU$4.06 Billion minus current liabilities of AU$14.00 Million) is measured against net assets of AU$23.75 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Goodman Group's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Goodman Group Working Capital to Net Assets (2004–2025)
This chart shows how Goodman Group's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 17.0%, reflecting working capital of AU$4.04 Billion against net assets of AU$23.75 Billion AUD. Check GMG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Goodman Group (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Goodman Group from 2004 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 GMG stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 17.5% | AU$4.09 Billion | AU$23.31 Billion | AU$6.54 Billion | AU$2.45 Billion | ▲ +11.4 pp |
| 2024 | 6.2% | AU$1.08 Billion | AU$17.54 Billion | AU$2.49 Billion | AU$1.41 Billion | ▼ -1.8 pp |
| 2023 | 7.9% | AU$1.43 Billion | AU$18.02 Billion | AU$2.74 Billion | AU$1.31 Billion | ▲ +1.5 pp |
| 2022 | 6.4% | AU$1.05 Billion | AU$16.42 Billion | AU$2.35 Billion | AU$1.30 Billion | ▲ +1.9 pp |
| 2021 | 4.5% | AU$591.70 Million | AU$13.16 Billion | AU$1.63 Billion | AU$1.03 Billion | ▼ -8.2 pp |
| 2020 | 12.7% | AU$1.46 Billion | AU$11.52 Billion | AU$2.81 Billion | AU$1.34 Billion | ▼ -2.7 pp |
| 2019 | 15.4% | AU$1.62 Billion | AU$10.52 Billion | AU$2.47 Billion | AU$849.00 Million | ▼ -12.1 pp |
| 2018 | 27.5% | AU$2.53 Billion | AU$9.17 Billion | AU$3.56 Billion | AU$1.03 Billion | ▼ -4.1 pp |
| 2017 | 31.7% | AU$2.73 Billion | AU$8.62 Billion | AU$3.60 Billion | AU$872.30 Million | ▲ +10.9 pp |
| 2016 | 20.8% | AU$1.74 Billion | AU$8.39 Billion | AU$2.44 Billion | AU$701.40 Million | ▲ +9.7 pp |
| 2015 | 11.1% | AU$815.50 Million | AU$7.38 Billion | AU$1.49 Billion | AU$671.90 Million | ▲ +6.2 pp |
| 2014 | 4.8% | AU$301.90 Million | AU$6.23 Billion | AU$860.00 Million | AU$558.10 Million | ▼ -7.7 pp |
| 2013 | 12.6% | AU$733.20 Million | AU$5.84 Billion | AU$1.18 Billion | AU$444.10 Million | ▲ +7.4 pp |
| 2012 | 5.2% | AU$268.90 Million | AU$5.17 Billion | AU$790.80 Million | AU$521.90 Million | ▲ +0.5 pp |
| 2011 | 4.7% | AU$237.80 Million | AU$5.01 Billion | AU$682.80 Million | AU$445.00 Million | ▼ -7.1 pp |
| 2010 | 11.9% | AU$559.80 Million | AU$4.72 Billion | AU$1.02 Billion | AU$460.40 Million | ▲ +24.9 pp |
| 2009 | -13.0% | AU$-491.80 Million | AU$3.78 Billion | AU$799.30 Million | AU$1.29 Billion | ▼ -15.9 pp |
| 2008 | 2.8% | AU$132.40 Million | AU$4.67 Billion | AU$1.31 Billion | AU$1.18 Billion | ▲ +42.1 pp |
| 2007 | -39.2% | AU$-1.80 Billion | AU$4.58 Billion | AU$985.40 Million | AU$2.78 Billion | ▼ -15.7 pp |
| 2006 | -23.5% | AU$-934.40 Million | AU$3.97 Billion | AU$618.90 Million | AU$1.55 Billion | ▼ -15.9 pp |
| 2005 | -7.6% | AU$-236.50 Million | AU$3.09 Billion | AU$155.70 Million | AU$392.20 Million | ▼ -3.7 pp |
| 2004 | -3.9% | AU$-99.30 Million | AU$2.54 Billion | AU$212.60 Million | AU$311.90 Million | — |