Hearts and Minds Investments Ltd Working Capital to Net Assets Ratio
Hearts and Minds Investments Ltd working capital to net assets ratio. Hearts and Minds Investments Ltd (HM1) has a Working Capital to Net Assets ratio of 97.6% as of December 2025. Working capital of AU$750.56 Million (current assets of AU$782.26 Million minus current liabilities of AU$31.69 Million) is measured against net assets of AU$769.05 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Hearts and Minds Investments Ltd to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Hearts and Minds Investments Ltd (2019–2026)
Working capital to net assets ratio of Hearts and Minds Investments Ltd from 2019 to 2026. This chart shows how Hearts and Minds Investments Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2019 to 2026. As of December 2025, the ratio stands at 97.6%, reflecting working capital of AU$750.56 Million against net assets of AU$769.05 Million AUD. See HM1 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Hearts and Minds Investments Ltd Working Capital to Net Assets Ratio by Year (2019–2026)
Hearts and Minds Investments Ltd working capital to net assets ratio by year from 2019 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for Hearts and Minds Investments Ltd from 2019 to 2026, covering 8 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 the complete balance sheet picture, see HM1 total asset value.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 105.7% | AU$817.83 Million | AU$773.89 Million | AU$818.09 Million | AU$266.30K | ▲ +103.1 pp |
| 2025 | 2.5% | AU$19.89 Million | AU$786.70 Million | AU$36.25 Million | AU$16.36 Million | ▼ -85.4 pp |
| 2024 | 87.9% | AU$612.97 Million | AU$697.41 Million | AU$626.68 Million | AU$13.72 Million | ▲ +8.8 pp |
| 2023 | 79.1% | AU$534.24 Million | AU$675.52 Million | AU$540.06 Million | AU$5.83 Million | ▲ +31.7 pp |
| 2022 | 47.4% | AU$303.78 Million | AU$641.13 Million | AU$309.75 Million | AU$5.96 Million | ▲ +37.4 pp |
| 2021 | 9.9% | AU$88.15 Million | AU$886.00 Million | AU$123.86 Million | AU$35.71 Million | ▲ +7.4 pp |
| 2020 | 2.6% | AU$19.16 Million | AU$750.51 Million | AU$52.66 Million | AU$33.50 Million | ▲ +1.7 pp |
| 2019 | 0.8% | AU$4.81 Million | AU$599.19 Million | AU$7.11 Million | AU$2.29 Million | — |