PM Capital Global Opportunities Fund Ltd (PGF) — Working Capital to Net Assets Ratio
PM Capital Global Opportunities Fund Ltd (PGF) has a Working Capital to Net Assets ratio of 118.9% as of December 2025. Working capital of AU$1.40 Billion (current assets of AU$1.47 Billion minus current liabilities of AU$72.41 Million) is measured against net assets of AU$1.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PM Capital Global Opportunities Fund Ltd financial 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
PM Capital Global Opportunities Fund Ltd Working Capital to Net Assets (2015–2025)
This chart shows how PM Capital Global Opportunities Fund Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at 118.9%, reflecting working capital of AU$1.40 Billion against net assets of AU$1.18 Billion AUD. See PGF cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for PM Capital Global Opportunities Fund Ltd (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for PM Capital Global Opportunities Fund Ltd from 2015 to 2025, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see PM Capital Global Opportunities Fund Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.8% | AU$-59.78 Million | AU$1.03 Billion | AU$6.66 Million | AU$66.44 Million | ▼ -3.5 pp |
| 2024 | -2.3% | AU$-17.80 Million | AU$758.65 Million | AU$33.97 Million | AU$51.78 Million | ▲ +2.1 pp |
| 2023 | -4.5% | AU$-30.00 Million | AU$671.79 Million | AU$25.30 Million | AU$55.30 Million | ▼ -10.3 pp |
| 2022 | 5.8% | AU$32.31 Million | AU$555.15 Million | AU$44.22 Million | AU$11.91 Million | ▲ +7.4 pp |
| 2021 | -1.5% | AU$-8.26 Million | AU$537.52 Million | AU$25.51 Million | AU$33.77 Million | ▼ -5.8 pp |
| 2020 | 4.3% | AU$17.66 Million | AU$410.44 Million | AU$46.16 Million | AU$28.50 Million | ▲ +6.5 pp |
| 2019 | -2.2% | AU$-9.63 Million | AU$441.08 Million | AU$26.91 Million | AU$36.54 Million | ▲ +3.9 pp |
| 2018 | -6.1% | AU$-27.33 Million | AU$449.58 Million | AU$22.25 Million | AU$49.58 Million | ▲ +0.1 pp |
| 2017 | -6.2% | AU$-25.30 Million | AU$410.17 Million | AU$31.50 Million | AU$56.79 Million | ▲ +2.0 pp |
| 2016 | -8.1% | AU$-27.53 Million | AU$338.53 Million | AU$32.53 Million | AU$60.06 Million | ▼ -38.8 pp |
| 2015 | 30.7% | AU$110.56 Million | AU$360.01 Million | AU$122.71 Million | AU$12.15 Million | — |