Spenda Ltd (SPX) — Working Capital to Net Assets Ratio
Spenda Ltd (SPX) has a Working Capital to Net Assets ratio of -26.4% as of December 2025. Working capital of AU$-2.91 Million (current assets of AU$6.68 Million minus current liabilities of AU$9.59 Million) is measured against net assets of AU$11.04 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Spenda Ltd fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spenda Ltd Working Capital to Net Assets (2002–2025)
This chart shows how Spenda Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at -26.4%, reflecting working capital of AU$-2.91 Million against net assets of AU$11.04 Million AUD. For the complete balance sheet picture, see SPX asset base.
Annual Working Capital to Net Assets for Spenda Ltd (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spenda Ltd from 2002 to 2025, covering 24 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. Check SPX cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 15.9% | AU$2.46 Million | AU$15.42 Million | AU$8.88 Million | AU$6.42 Million | ▼ -38.3 pp |
| 2024 | 54.3% | AU$18.72 Million | AU$34.50 Million | AU$21.25 Million | AU$2.53 Million | ▲ +6.6 pp |
| 2023 | 47.6% | AU$18.19 Million | AU$38.19 Million | AU$21.09 Million | AU$2.90 Million | ▲ +18.2 pp |
| 2022 | 29.4% | AU$12.77 Million | AU$43.40 Million | AU$23.64 Million | AU$10.87 Million | ▲ +9.0 pp |
| 2021 | 20.4% | AU$16.59 Million | AU$81.30 Million | AU$22.47 Million | AU$5.89 Million | ▼ -80.5 pp |
| 2020 | 100.9% | AU$-2.52 Million | AU$-2.49 Million | AU$968.57K | AU$3.48 Million | ▲ +101.4 pp |
| 2019 | -0.5% | AU$-16.07K | AU$3.09 Million | AU$561.12K | AU$577.19K | ▼ -7.7 pp |
| 2018 | 7.2% | AU$321.17K | AU$4.48 Million | AU$1.03 Million | AU$708.15K | ▼ -105.2 pp |
| 2017 | 112.3% | AU$-1.59 Million | AU$-1.42 Million | AU$89.47K | AU$1.68 Million | ▲ +174.7 pp |
| 2016 | -62.3% | AU$-167.42K | AU$268.71K | AU$119.81K | AU$287.23K | ▼ -80.9 pp |
| 2015 | 18.6% | AU$180.03K | AU$968.18K | AU$355.93K | AU$175.90K | ▼ -63.4 pp |
| 2014 | 82.0% | AU$683.10K | AU$833.53K | AU$828.04K | AU$144.95K | ▼ -135.5 pp |
| 2013 | 217.5% | AU$-10.18K | AU$-4.68K | AU$169.01K | AU$179.19K | ▲ +131.6 pp |
| 2012 | 85.9% | AU$52.29K | AU$60.90K | AU$235.97K | AU$183.68K | ▲ +107.4 pp |
| 2011 | -21.5% | AU$-336.94K | AU$1.56 Million | AU$1.55 Million | AU$1.88 Million | ▼ -43.6 pp |
| 2010 | 22.1% | AU$547.58K | AU$2.48 Million | AU$1.22 Million | AU$676.23K | ▼ -139.7 pp |
| 2009 | 161.8% | AU$524.68K | AU$324.36K | AU$1.24 Million | AU$712.66K | ▲ +85.3 pp |
| 2008 | 76.4% | AU$1.57 Million | AU$2.06 Million | AU$2.28 Million | AU$706.45K | ▲ +15.5 pp |
| 2007 | 61.0% | AU$4.95 Million | AU$8.12 Million | AU$6.01 Million | AU$1.06 Million | ▲ +31.8 pp |
| 2006 | 29.2% | AU$1.72 Million | AU$5.89 Million | AU$2.85 Million | AU$1.13 Million | ▼ -20.4 pp |
| 2005 | 49.5% | AU$2.79 Million | AU$5.64 Million | AU$4.23 Million | AU$1.44 Million | ▼ -37.3 pp |
| 2004 | 86.9% | AU$2.60 Million | AU$2.99 Million | AU$2.90 Million | AU$302.90K | ▲ +6.1 pp |
| 2003 | 80.8% | AU$1.74 Million | AU$2.15 Million | AU$1.84 Million | AU$98.46K | ▼ -8.2 pp |
| 2002 | 89.0% | AU$2.79 Million | AU$3.13 Million | AU$2.83 Million | AU$42.00K | — |