Metcash Ltd (MTS) — Working Capital to Net Assets Ratio
Metcash Ltd (MTS) has a Working Capital to Net Assets ratio of 19.6% as of October 2025. Working capital of AU$328.20 Million (current assets of AU$4.06 Billion minus current liabilities of AU$3.73 Billion) is measured against net assets of AU$1.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Metcash Ltd (MTS) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Metcash Ltd Working Capital to Net Assets (1994–2025)
This chart shows how Metcash Ltd's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2025. As of October 2025, the ratio stands at 19.6%, reflecting working capital of AU$328.20 Million against net assets of AU$1.67 Billion AUD. See how many days can Metcash Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Metcash Ltd (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Metcash Ltd from 1994 to 2025, covering 31 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 MTS company net worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 8.7% | AU$143.10 Million | AU$1.64 Billion | AU$3.78 Billion | AU$3.63 Billion | ▼ -15.7 pp |
| 2024 | 24.5% | AU$373.70 Million | AU$1.53 Billion | AU$3.26 Billion | AU$2.89 Billion | ▲ +6.5 pp |
| 2023 | 18.0% | AU$195.00 Million | AU$1.09 Billion | AU$3.09 Billion | AU$2.90 Billion | ▼ -11.5 pp |
| 2022 | 29.5% | AU$321.20 Million | AU$1.09 Billion | AU$3.05 Billion | AU$2.72 Billion | ▼ -0.1 pp |
| 2021 | 29.6% | AU$381.80 Million | AU$1.29 Billion | AU$2.81 Billion | AU$2.43 Billion | ▼ -13.5 pp |
| 2020 | 43.1% | AU$591.30 Million | AU$1.37 Billion | AU$2.95 Billion | AU$2.36 Billion | ▲ +18.1 pp |
| 2019 | 25.0% | AU$313.10 Million | AU$1.25 Billion | AU$2.43 Billion | AU$2.11 Billion | ▼ -1.7 pp |
| 2018 | 26.8% | AU$371.50 Million | AU$1.39 Billion | AU$2.44 Billion | AU$2.06 Billion | ▲ +5.9 pp |
| 2017 | 20.8% | AU$340.90 Million | AU$1.64 Billion | AU$2.30 Billion | AU$1.96 Billion | ▲ +7.7 pp |
| 2016 | 13.2% | AU$180.10 Million | AU$1.37 Billion | AU$1.72 Billion | AU$1.54 Billion | ▼ -4.8 pp |
| 2015 | 18.0% | AU$208.00 Million | AU$1.16 Billion | AU$1.85 Billion | AU$1.64 Billion | ▲ +3.9 pp |
| 2014 | 14.1% | AU$225.00 Million | AU$1.59 Billion | AU$1.86 Billion | AU$1.64 Billion | ▼ -7.1 pp |
| 2013 | 21.2% | AU$344.10 Million | AU$1.62 Billion | AU$1.90 Billion | AU$1.55 Billion | ▼ -12.0 pp |
| 2012 | 33.1% | AU$442.50 Million | AU$1.34 Billion | AU$2.02 Billion | AU$1.58 Billion | ▼ -12.4 pp |
| 2011 | 45.6% | AU$657.30 Million | AU$1.44 Billion | AU$2.13 Billion | AU$1.47 Billion | ▲ +7.4 pp |
| 2010 | 38.2% | AU$526.30 Million | AU$1.38 Billion | AU$1.97 Billion | AU$1.45 Billion | ▼ -0.3 pp |
| 2009 | 38.5% | AU$492.60 Million | AU$1.28 Billion | AU$1.80 Billion | AU$1.31 Billion | ▼ -3.3 pp |
| 2008 | 41.8% | AU$518.27 Million | AU$1.24 Billion | AU$1.75 Billion | AU$1.23 Billion | ▲ +4.6 pp |
| 2007 | 37.2% | AU$433.07 Million | AU$1.16 Billion | AU$1.71 Billion | AU$1.28 Billion | ▼ -14.0 pp |
| 2006 | 51.2% | AU$529.06 Million | AU$1.03 Billion | AU$1.81 Billion | AU$1.28 Billion | ▲ +27.5 pp |
| 2005 | 23.7% | AU$361.33 Million | AU$1.52 Billion | AU$1.25 Billion | AU$888.01 Million | ▼ -1.5 pp |
| 2004 | 25.2% | AU$118.62 Million | AU$470.15 Million | AU$1.10 Billion | AU$982.62 Million | ▲ +5.4 pp |
| 2003 | 19.8% | AU$84.63 Million | AU$427.11 Million | AU$1.01 Billion | AU$930.12 Million | ▼ -16.9 pp |
| 2002 | 36.7% | AU$126.02 Million | AU$343.63 Million | AU$872.38 Million | AU$746.36 Million | ▼ -9.6 pp |
| 2001 | 46.3% | AU$163.86 Million | AU$354.00 Million | AU$877.27 Million | AU$713.41 Million | ▲ +16.8 pp |
| 2000 | 29.5% | AU$100.75 Million | AU$341.95 Million | AU$840.09 Million | AU$739.34 Million | ▲ +66.0 pp |
| 1998 | -36.5% | AU$-149.25 Million | AU$408.51 Million | AU$554.70 Million | AU$703.95 Million | ▼ -26.6 pp |
| 1997 | -10.0% | AU$-52.20 Million | AU$523.28 Million | AU$795.41 Million | AU$847.62 Million | ▼ -26.6 pp |
| 1996 | 16.6% | AU$47.39 Million | AU$285.07 Million | AU$493.62 Million | AU$446.23 Million | ▲ +0.0 pp |
| 1995 | 16.6% | AU$47.39 Million | AU$285.07 Million | AU$493.62 Million | AU$446.23 Million | ▲ +15.0 pp |
| 1994 | 1.6% | AU$4.39 Million | AU$277.10 Million | AU$333.40 Million | AU$329.00 Million | — |