QBE Insurance Group Limited (QBE) — Working Capital to Net Assets Ratio
QBE Insurance Group Limited (QBE) has a Working Capital to Net Assets ratio of -265.7% as of December 2023. Working capital of AU$-26.44 Billion (current assets of AU$1.89 Billion minus current liabilities of AU$28.33 Billion) is measured against net assets of AU$9.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
QBE Insurance Group Limited Working Capital to Net Assets (1988–2023)
This chart shows how QBE Insurance Group Limited's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1988 to 2023. As of December 2023, the ratio stands at -265.7%, reflecting working capital of AU$-26.44 Billion against net assets of AU$9.95 Billion AUD. Explore QBE long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Working Capital to Net Assets for QBE Insurance Group Limited (1988–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for QBE Insurance Group Limited from 1988 to 2023, covering 35 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see QBE Insurance Group Limited assets under control.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -265.7% | AU$-26.44 Billion | AU$9.95 Billion | AU$1.89 Billion | AU$28.33 Billion | ▼ -351.5 pp |
| 2022 | 85.9% | AU$7.66 Billion | AU$8.93 Billion | AU$1.31 Billion | AU$-6.35 Billion | ▲ +233.3 pp |
| 2021 | -147.4% | AU$-13.05 Billion | AU$8.85 Billion | AU$7.96 Billion | AU$21.01 Billion | ▲ +9.1 pp |
| 2020 | -156.5% | AU$-13.29 Billion | AU$8.49 Billion | AU$6.55 Billion | AU$19.83 Billion | ▼ -19.0 pp |
| 2019 | -137.5% | AU$-11.22 Billion | AU$8.16 Billion | AU$5.33 Billion | AU$16.55 Billion | ▲ +9.6 pp |
| 2018 | -147.1% | AU$-12.35 Billion | AU$8.40 Billion | AU$11.14 Billion | AU$23.49 Billion | ▼ -10.4 pp |
| 2017 | -136.7% | AU$-11.98 Billion | AU$8.77 Billion | AU$11.75 Billion | AU$23.73 Billion | ▼ -38.1 pp |
| 2016 | -98.6% | AU$-10.13 Billion | AU$10.28 Billion | AU$10.37 Billion | AU$20.50 Billion | ▲ +13.3 pp |
| 2015 | -111.9% | AU$-11.83 Billion | AU$10.58 Billion | AU$8.94 Billion | AU$20.77 Billion | ▼ -158.2 pp |
| 2014 | 46.3% | AU$4.41 Billion | AU$9.53 Billion | AU$4.82 Billion | AU$401.59 Million | ▼ -204.4 pp |
| 2013 | 250.7% | AU$26.17 Billion | AU$10.44 Billion | AU$27.35 Billion | AU$1.18 Billion | ▲ +8.1 pp |
| 2012 | 242.6% | AU$28.57 Billion | AU$11.77 Billion | AU$30.97 Billion | AU$2.40 Billion | ▲ +28.1 pp |
| 2011 | 214.6% | AU$22.72 Billion | AU$10.59 Billion | AU$25.11 Billion | AU$2.38 Billion | ▲ +20.6 pp |
| 2010 | 193.9% | AU$20.49 Billion | AU$10.57 Billion | AU$22.87 Billion | AU$2.37 Billion | ▼ -35.5 pp |
| 2009 | 229.5% | AU$21.23 Billion | AU$9.25 Billion | AU$23.18 Billion | AU$1.95 Billion | ▼ -51.6 pp |
| 2008 | 281.0% | AU$22.36 Billion | AU$7.96 Billion | AU$24.46 Billion | AU$2.09 Billion | ▼ -101.9 pp |
| 2007 | 382.9% | AU$28.71 Billion | AU$7.50 Billion | AU$30.67 Billion | AU$1.96 Billion | ▼ -76.6 pp |
| 2006 | 459.5% | AU$23.26 Billion | AU$5.06 Billion | AU$24.23 Billion | AU$968.52 Million | ▲ +702.6 pp |
| 2005 | -243.1% | AU$6.83 Billion | AU$-2.81 Billion | AU$7.73 Billion | AU$905.48 Million | ▼ -668.3 pp |
| 2004 | 425.2% | AU$14.86 Billion | AU$3.50 Billion | AU$15.51 Billion | AU$651.93 Million | ▲ +1245.1 pp |
| 2003 | -819.9% | AU$11.60 Billion | AU$-1.41 Billion | AU$12.32 Billion | AU$723.12 Million | ▼ -921.2 pp |
| 2002 | 101.3% | AU$1.70 Billion | AU$1.68 Billion | AU$4.04 Billion | AU$2.35 Billion | ▲ +108.1 pp |
| 2001 | -6.8% | AU$-94.05 Million | AU$1.39 Billion | AU$2.05 Billion | AU$2.15 Billion | ▲ +23.0 pp |
| 1999 | -29.7% | AU$-1.58 Billion | AU$5.31 Billion | AU$2.36 Billion | AU$3.94 Billion | ▼ -727.6 pp |
| 1998 | 697.9% | AU$5.13 Billion | AU$734.57 Million | AU$6.30 Billion | AU$1.17 Billion | ▼ -113.2 pp |
| 1997 | 811.1% | AU$5.13 Billion | AU$632.96 Million | AU$6.07 Billion | AU$937.78 Million | ▲ +225.8 pp |
| 1996 | 585.3% | AU$4.24 Billion | AU$723.87 Million | AU$5.16 Billion | AU$919.03 Million | ▲ +114.7 pp |
| 1995 | 470.5% | AU$2.95 Billion | AU$626.69 Million | AU$3.54 Billion | AU$590.14 Million | ▼ -122.9 pp |
| 1994 | 593.4% | AU$2.82 Billion | AU$475.00 Million | AU$3.36 Billion | AU$541.97 Million | ▲ +33.2 pp |
| 1993 | 560.2% | AU$2.48 Billion | AU$443.58 Million | AU$2.97 Billion | AU$486.02 Million | ▼ -164.6 pp |
| 1992 | 724.8% | AU$2.55 Billion | AU$351.48 Million | AU$2.64 Billion | AU$96.20 Million | ▼ -33.0 pp |
| 1991 | 757.8% | AU$2.63 Billion | AU$346.56 Million | AU$2.66 Billion | AU$38.45 Million | ▲ +161.6 pp |
| 1990 | 596.2% | AU$1.80 Billion | AU$301.27 Million | AU$1.86 Billion | AU$61.85 Million | ▲ +11.4 pp |
| 1989 | 584.8% | AU$1.60 Billion | AU$274.23 Million | AU$1.65 Billion | AU$50.12 Million | ▼ -27.8 pp |
| 1988 | 612.7% | AU$1.31 Billion | AU$214.11 Million | AU$1.37 Billion | AU$55.44 Million | — |