Incitec Pivot Ltd (IPL) — Working Capital to Net Assets Ratio
Incitec Pivot Ltd (IPL) has a Working Capital to Net Assets ratio of 27.7% as of September 2024. Working capital of AU$1.34 Billion (current assets of AU$2.67 Billion minus current liabilities of AU$1.33 Billion) is measured against net assets of AU$4.84 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Incitec Pivot Ltd to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Incitec Pivot Ltd Working Capital to Net Assets (2003–2024)
This chart shows how Incitec Pivot Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2003 to 2024. As of September 2024, the ratio stands at 27.7%, reflecting working capital of AU$1.34 Billion against net assets of AU$4.84 Billion AUD. For the complete balance sheet picture, see IPL total assets.
Annual Working Capital to Net Assets for Incitec Pivot Ltd (2003–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Incitec Pivot Ltd from 2003 to 2024, 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 IPL financial 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) |
|---|---|---|---|---|---|---|
| 2024 | 27.7% | AU$1.34 Billion | AU$4.84 Billion | AU$2.67 Billion | AU$1.33 Billion | ▼ -18.2 pp |
| 2023 | 45.8% | AU$2.95 Billion | AU$6.43 Billion | AU$4.25 Billion | AU$1.31 Billion | ▲ +32.7 pp |
| 2022 | 13.2% | AU$829.00 Million | AU$6.29 Billion | AU$2.65 Billion | AU$1.83 Billion | ▲ +7.8 pp |
| 2021 | 5.4% | AU$291.00 Million | AU$5.37 Billion | AU$1.82 Billion | AU$1.53 Billion | ▲ +1.6 pp |
| 2020 | 3.9% | AU$200.40 Million | AU$5.20 Billion | AU$1.53 Billion | AU$1.33 Billion | ▲ +24.2 pp |
| 2019 | -20.3% | AU$-953.30 Million | AU$4.69 Billion | AU$1.55 Billion | AU$2.50 Billion | ▼ -21.7 pp |
| 2018 | 1.4% | AU$64.10 Million | AU$4.74 Billion | AU$1.47 Billion | AU$1.41 Billion | ▼ -4.7 pp |
| 2017 | 6.1% | AU$288.00 Million | AU$4.76 Billion | AU$1.45 Billion | AU$1.17 Billion | ▲ +4.5 pp |
| 2016 | 1.6% | AU$71.70 Million | AU$4.58 Billion | AU$1.14 Billion | AU$1.07 Billion | ▲ +13.3 pp |
| 2015 | -11.8% | AU$-552.30 Million | AU$4.69 Billion | AU$1.34 Billion | AU$1.90 Billion | ▼ -8.2 pp |
| 2014 | -3.6% | AU$-156.50 Million | AU$4.41 Billion | AU$833.60 Million | AU$990.10 Million | ▼ -3.9 pp |
| 2013 | 0.3% | AU$14.40 Million | AU$4.22 Billion | AU$1.18 Billion | AU$1.16 Billion | ▲ +2.1 pp |
| 2012 | -1.8% | AU$-71.70 Million | AU$4.03 Billion | AU$1.02 Billion | AU$1.09 Billion | ▼ -7.8 pp |
| 2011 | 6.1% | AU$224.80 Million | AU$3.71 Billion | AU$1.39 Billion | AU$1.16 Billion | ▲ +4.1 pp |
| 2010 | 2.0% | AU$71.30 Million | AU$3.61 Billion | AU$985.90 Million | AU$914.60 Million | ▲ +6.2 pp |
| 2009 | -4.2% | AU$-141.30 Million | AU$3.38 Billion | AU$1.03 Billion | AU$1.18 Billion | ▲ +53.9 pp |
| 2008 | -58.1% | AU$-1.83 Billion | AU$3.16 Billion | AU$1.87 Billion | AU$3.70 Billion | ▼ -161.3 pp |
| 2007 | 103.2% | AU$552.20 Million | AU$535.00 Million | AU$909.00 Million | AU$356.80 Million | ▲ +41.8 pp |
| 2006 | 61.4% | AU$233.35 Million | AU$380.00 Million | AU$595.54 Million | AU$362.19 Million | ▲ +42.2 pp |
| 2005 | 19.2% | AU$108.35 Million | AU$565.16 Million | AU$369.38 Million | AU$261.03 Million | ▼ -6.5 pp |
| 2004 | 25.6% | AU$161.87 Million | AU$631.52 Million | AU$460.93 Million | AU$299.06 Million | ▲ +2.0 pp |
| 2003 | 23.6% | AU$135.59 Million | AU$573.38 Million | AU$350.60 Million | AU$215.01 Million | — |