Nobleoak Life Ltd Working Capital to Net Assets Ratio
Nobleoak Life Ltd working capital to net assets ratio. Nobleoak Life Ltd (NOL) has a Working Capital to Net Assets ratio of -70.4% as of June 2024. Working capital of AU$-50.28 Million (current assets of AU$77.10 Million minus current liabilities of AU$127.38 Million) is measured against net assets of AU$71.41 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Nobleoak Life Ltd to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Nobleoak Life Ltd (2016–2024)
Working capital to net assets ratio of Nobleoak Life Ltd from 2016 to 2024. This chart shows how Nobleoak Life Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of June 2024, the ratio stands at -70.4%, reflecting working capital of AU$-50.28 Million against net assets of AU$71.41 Million AUD. See defensive interval ratio of Nobleoak Life Ltd to measure how many days the company can operate on defensive assets alone.
Nobleoak Life Ltd Working Capital to Net Assets Ratio by Year (2016–2024)
Nobleoak Life Ltd working capital to net assets ratio by year from 2016 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Nobleoak Life Ltd from 2016 to 2024, covering 9 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 NOL total assets.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 346.1% | AU$307.85 Million | AU$88.94 Million | AU$421.72 Million | AU$113.86 Million | ▲ +416.6 pp |
| 2023 | -70.4% | AU$-50.28 Million | AU$71.41 Million | AU$77.10 Million | AU$127.38 Million | ▲ +53.7 pp |
| 2022 | -124.1% | AU$-148.71 Million | AU$119.84 Million | AU$146.86 Million | AU$295.57 Million | ▼ -98.8 pp |
| 2021 | -25.3% | AU$-28.29 Million | AU$111.63 Million | AU$69.87 Million | AU$98.16 Million | ▼ -7.6 pp |
| 2020 | -17.7% | AU$-15.01 Million | AU$84.62 Million | AU$66.36 Million | AU$81.37 Million | ▲ +6.3 pp |
| 2019 | -24.0% | AU$-15.36 Million | AU$64.02 Million | AU$48.16 Million | AU$63.52 Million | ▼ -41.4 pp |
| 2018 | 17.4% | AU$8.88 Million | AU$50.94 Million | AU$11.06 Million | AU$2.17 Million | ▼ -35.2 pp |
| 2017 | 52.6% | AU$21.00 Million | AU$39.90 Million | AU$29.55 Million | AU$8.56 Million | ▼ -2.6 pp |
| 2016 | 55.2% | AU$13.60 Million | AU$24.64 Million | AU$45.27 Million | AU$31.67 Million | — |