Hearts and Minds Investments Ltd (HM1) — 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. See defensive interval ratio of Hearts and Minds Investments Ltd to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hearts and Minds Investments Ltd Working Capital to Net Assets (2019–2026)
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. For the complete balance sheet picture, see how large is Hearts and Minds Investments Ltd's balance sheet.
Annual Working Capital to Net Assets for Hearts and Minds Investments Ltd (2019–2026)
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. Check HM1 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |