Nickel Industries Ltd (NIC) — Working Capital to Net Assets Ratio
Nickel Industries Ltd (NIC) has a Working Capital to Net Assets ratio of 21.6% as of December 2025. Working capital of AU$530.74 Million (current assets of AU$1.16 Billion minus current liabilities of AU$625.60 Million) is measured against net assets of AU$2.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NIC net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nickel Industries Ltd Working Capital to Net Assets (2014–2025)
This chart shows how Nickel Industries Ltd's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 21.6%, reflecting working capital of AU$530.74 Million against net assets of AU$2.46 Billion AUD. Check Nickel Industries Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nickel Industries Ltd (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nickel Industries Ltd from 2014 to 2025, covering 12 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 market cap of Nickel Industries Ltd.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 21.6% | AU$530.74 Million | AU$2.46 Billion | AU$1.16 Billion | AU$625.60 Million | ▲ +6.3 pp |
| 2024 | 15.3% | AU$388.94 Million | AU$2.55 Billion | AU$743.92 Million | AU$354.98 Million | ▼ -14.6 pp |
| 2023 | 29.8% | AU$866.79 Million | AU$2.91 Billion | AU$1.34 Billion | AU$477.88 Million | ▲ +6.4 pp |
| 2022 | 23.4% | AU$425.12 Million | AU$1.81 Billion | AU$632.50 Million | AU$207.38 Million | ▼ -0.6 pp |
| 2021 | 24.0% | AU$311.33 Million | AU$1.30 Billion | AU$385.16 Million | AU$73.83 Million | ▼ -20.3 pp |
| 2020 | 44.3% | AU$480.93 Million | AU$1.09 Billion | AU$538.64 Million | AU$57.71 Million | ▲ +24.0 pp |
| 2019 | 20.3% | AU$208.30 Million | AU$1.03 Billion | AU$291.00 Million | AU$82.71 Million | ▲ +6.9 pp |
| 2018 | 13.4% | AU$86.94 Million | AU$648.46 Million | AU$154.29 Million | AU$67.35 Million | ▲ +15.3 pp |
| 2017 | -1.9% | AU$-1.95 Million | AU$101.70 Million | AU$3.45 Million | AU$5.40 Million | ▲ +1442.4 pp |
| 2016 | -1444.3% | AU$-21.74 Million | AU$1.51 Million | AU$2.17 Million | AU$23.91 Million | ▼ -1253.6 pp |
| 2015 | -190.7% | AU$-12.31 Million | AU$6.46 Million | AU$2.18 Million | AU$14.49 Million | ▼ -60.9 pp |
| 2014 | -129.7% | AU$-6.83 Million | AU$5.26 Million | AU$2.03 Million | AU$8.85 Million | — |