Pilbara Minerals Ltd (PLS) — Working Capital to Net Assets Ratio
Pilbara Minerals Ltd (PLS) has a Working Capital to Net Assets ratio of 28.9% as of December 2025. Working capital of AU$1.03 Billion (current assets of AU$1.25 Billion minus current liabilities of AU$215.47 Million) is measured against net assets of AU$3.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pilbara Minerals Ltd (PLS) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pilbara Minerals Ltd Working Capital to Net Assets (2006–2025)
This chart shows how Pilbara Minerals Ltd's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of December 2025, the ratio stands at 28.9%, reflecting working capital of AU$1.03 Billion against net assets of AU$3.57 Billion AUD. Check how tangible is Pilbara Minerals Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pilbara Minerals Ltd (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pilbara Minerals Ltd from 2006 to 2025, covering 20 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 how much is Pilbara Minerals Ltd worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.2% | AU$959.76 Million | AU$3.53 Billion | AU$1.25 Billion | AU$286.54 Million | ▼ -19.5 pp |
| 2024 | 46.7% | AU$1.52 Billion | AU$3.24 Billion | AU$1.95 Billion | AU$430.45 Million | ▼ -20.4 pp |
| 2023 | 67.1% | AU$2.27 Billion | AU$3.39 Billion | AU$3.57 Billion | AU$1.29 Billion | ▲ +18.9 pp |
| 2022 | 48.2% | AU$622.84 Million | AU$1.29 Billion | AU$960.19 Million | AU$337.35 Million | ▲ +49.2 pp |
| 2021 | -1.0% | AU$-5.91 Million | AU$574.25 Million | AU$164.04 Million | AU$169.95 Million | ▼ -10.9 pp |
| 2020 | 9.9% | AU$38.24 Million | AU$386.97 Million | AU$113.64 Million | AU$75.40 Million | ▼ -7.9 pp |
| 2019 | 17.7% | AU$66.85 Million | AU$376.65 Million | AU$125.86 Million | AU$59.01 Million | ▼ -11.9 pp |
| 2018 | 29.7% | AU$101.86 Million | AU$343.24 Million | AU$152.64 Million | AU$50.78 Million | ▼ -77.2 pp |
| 2017 | 106.9% | AU$214.03 Million | AU$200.17 Million | AU$225.77 Million | AU$11.73 Million | ▲ +7.8 pp |
| 2016 | 99.1% | AU$97.54 Million | AU$98.43 Million | AU$101.63 Million | AU$4.09 Million | ▲ +38.7 pp |
| 2015 | 60.4% | AU$2.35 Million | AU$3.90 Million | AU$5.76 Million | AU$3.41 Million | ▲ +98.1 pp |
| 2014 | -37.8% | AU$-899.38K | AU$2.38 Million | AU$1.43 Million | AU$2.33 Million | ▼ -28.1 pp |
| 2013 | -9.7% | AU$-393.12K | AU$4.06 Million | AU$261.60K | AU$654.73K | ▼ -16.9 pp |
| 2012 | 7.2% | AU$137.44K | AU$1.90 Million | AU$206.93K | AU$69.49K | ▼ -7.1 pp |
| 2011 | 14.3% | AU$569.10K | AU$3.98 Million | AU$832.38K | AU$263.29K | ▼ -20.6 pp |
| 2010 | 34.8% | AU$1.71 Million | AU$4.90 Million | AU$1.91 Million | AU$204.01K | ▼ -51.0 pp |
| 2009 | 85.9% | AU$339.17K | AU$394.90K | AU$374.40K | AU$35.23K | ▼ -14.1 pp |
| 2008 | 100.0% | AU$-54.60K | AU$-54.60K | AU$146.43K | AU$201.02K | ▲ +75.6 pp |
| 2007 | 24.4% | AU$76.57K | AU$313.17K | AU$594.78K | AU$518.22K | ▼ -214.3 pp |
| 2006 | 238.8% | AU$-480.42K | AU$-201.20K | AU$1.11 Million | AU$1.59 Million | — |