QBE Insurance Group Ltd (QBE) — Working Capital to Net Assets Ratio
QBE Insurance Group Ltd (QBE) has a Working Capital to Net Assets ratio of -1004.2% 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$2.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is QBE Insurance Group Ltd's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
QBE Insurance Group Ltd Working Capital to Net Assets (1988–2023)
This chart shows how QBE Insurance Group Ltd's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1988 to 2023. As of December 2023, the ratio stands at -1004.2%, reflecting working capital of AU$-26.44 Billion against net assets of AU$2.63 Billion AUD. Check how tangible is QBE Insurance Group Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for QBE Insurance Group Ltd (1988–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for QBE Insurance Group Ltd from 1988 to 2023, covering 35 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is QBE Insurance Group Ltd worth.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -265.7% | AU$-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$21.01 Billion | ▲ +389.8 pp |
| 2020 | -537.2% | AU$-13.29 Billion | AU$2.47 Billion | AU$6.55 Billion | AU$19.83 Billion | ▼ -399.7 pp |
| 2019 | -137.5% | AU$-11.22 Billion | AU$8.16 Billion | AU$5.33 Billion | AU$16.55 Billion | ▼ -3.6 pp |
| 2018 | -133.9% | AU$-12.35 Billion | AU$9.23 Billion | AU$11.14 Billion | AU$23.49 Billion | ▲ +2.8 pp |
| 2017 | -136.7% | AU$-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 | ▲ +278.5 pp |
| 2005 | 181.0% | AU$6.83 Billion | AU$3.77 Billion | AU$7.73 Billion | AU$905.48 Million | ▼ -244.2 pp |
| 2004 | 425.2% | AU$14.86 Billion | AU$3.50 Billion | AU$15.51 Billion | AU$651.93 Million | ▼ -24.1 pp |
| 2003 | 449.3% | AU$11.60 Billion | AU$2.58 Billion | AU$12.32 Billion | AU$723.12 Million | ▲ +348.0 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 | — |