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 GMG days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see GMG current and non-current assets.
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. Check Goodman Group (GMG) asset resilience 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 | 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 | — |