Papyrus Australia Ltd (PPY) — Working Capital to Net Assets Ratio
Papyrus Australia Ltd (PPY) has a Working Capital to Net Assets ratio of 1167.4% as of December 2025. Working capital of AU$-323.60K (current assets of AU$539.59K minus current liabilities of AU$863.19K) is measured against net assets of AU$-27.72K. A higher ratio indicates strong short-term liquidity financed by the equity base. See Papyrus Australia Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Papyrus Australia Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Papyrus Australia Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 1167.4%, reflecting working capital of AU$-323.60K against net assets of AU$-27.72K AUD. See operational self-sufficiency of Papyrus Australia Ltd to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Papyrus Australia Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Papyrus Australia Ltd from 2004 to 2025, covering 22 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 PPY market cap overview.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 99.1% | AU$334.69K | AU$337.71K | AU$1.00 Million | AU$666.83K | ▲ +51.9 pp |
| 2024 | 47.2% | AU$1.01 Million | AU$2.14 Million | AU$1.59 Million | AU$584.89K | ▼ -24.9 pp |
| 2023 | 72.1% | AU$1.79 Million | AU$2.48 Million | AU$1.99 Million | AU$201.79K | ▲ +4.3 pp |
| 2022 | 67.8% | AU$2.22 Million | AU$3.27 Million | AU$2.42 Million | AU$203.99K | ▲ +2.9 pp |
| 2021 | 64.9% | AU$2.40 Million | AU$3.70 Million | AU$2.52 Million | AU$121.92K | ▼ -35.1 pp |
| 2020 | 100.0% | AU$118.87K | AU$118.87K | AU$288.18K | AU$169.30K | ▼ -52.4 pp |
| 2019 | 152.4% | AU$-584.15K | AU$-383.20K | AU$35.22K | AU$619.37K | ▲ +52.0 pp |
| 2018 | 100.4% | AU$-564.37K | AU$-561.88K | AU$44.66K | AU$609.03K | ▲ +0.0 pp |
| 2017 | 100.4% | AU$-636.13K | AU$-633.64K | AU$23.81K | AU$659.94K | ▲ +11.3 pp |
| 2016 | 89.1% | AU$-513.14K | AU$-575.98K | AU$35.14K | AU$548.28K | ▼ -14.9 pp |
| 2015 | 104.0% | AU$-535.22K | AU$-514.54K | AU$11.04K | AU$546.25K | ▼ -2.1 pp |
| 2014 | 106.1% | AU$-358.42K | AU$-337.75K | AU$18.38K | AU$376.80K | ▼ -1.2 pp |
| 2013 | 107.3% | AU$-303.75K | AU$-283.08K | AU$163.89K | AU$467.64K | ▲ +87.3 pp |
| 2012 | 20.0% | AU$233.31K | AU$1.17 Million | AU$442.37K | AU$209.06K | ▲ +8.2 pp |
| 2011 | 11.8% | AU$642.60K | AU$5.45 Million | AU$959.83K | AU$317.22K | ▼ -11.9 pp |
| 2010 | 23.7% | AU$2.07 Million | AU$8.74 Million | AU$2.73 Million | AU$664.33K | ▲ +18.2 pp |
| 2009 | 5.5% | AU$321.20K | AU$5.83 Million | AU$1.42 Million | AU$1.10 Million | ▼ -38.6 pp |
| 2008 | 44.1% | AU$1.92 Million | AU$4.35 Million | AU$2.22 Million | AU$303.33K | ▲ +15.8 pp |
| 2007 | 28.3% | AU$1.08 Million | AU$3.81 Million | AU$2.30 Million | AU$1.22 Million | ▼ -40.5 pp |
| 2006 | 68.8% | AU$1.98 Million | AU$2.87 Million | AU$2.21 Million | AU$231.77K | ▼ -18.3 pp |
| 2005 | 87.1% | AU$3.23 Million | AU$3.71 Million | AU$3.31 Million | AU$75.97K | ▼ -5.3 pp |
| 2004 | 92.4% | AU$3.72 Million | AU$4.03 Million | AU$3.80 Million | AU$77.06K | — |