Virgin Australia Holdings Ltd (VGN) — Working Capital to Net Assets Ratio
Virgin Australia Holdings Ltd (VGN) has a Working Capital to Net Assets ratio of 231.3% as of June 2025. Working capital of AU$-1.88 Billion (current assets of AU$1.57 Billion minus current liabilities of AU$3.46 Billion) is measured against net assets of AU$-814.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See VGN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Virgin Australia Holdings Ltd Working Capital to Net Assets (2017–2025)
This chart shows how Virgin Australia Holdings Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2017 to 2025. As of June 2025, the ratio stands at 231.3%, reflecting working capital of AU$-1.88 Billion against net assets of AU$-814.60 Million AUD. For the complete balance sheet picture, see Virgin Australia Holdings Ltd asset portfolio.
Annual Working Capital to Net Assets for Virgin Australia Holdings Ltd (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Virgin Australia Holdings Ltd from 2017 to 2025, covering 6 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 VGN financial resilience 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 | 231.3% | AU$-1.88 Billion | AU$-814.60 Million | AU$1.57 Billion | AU$3.46 Billion | ▲ +96.9 pp |
| 2024 | 134.4% | AU$-1.58 Billion | AU$-1.18 Billion | AU$1.35 Billion | AU$2.94 Billion | ▲ +8.0 pp |
| 2023 | 126.4% | AU$-1.72 Billion | AU$-1.36 Billion | AU$1.48 Billion | AU$3.20 Billion | ▲ +308.1 pp |
| 2019 | -181.7% | AU$-1.07 Billion | AU$589.70 Million | AU$2.17 Billion | AU$3.24 Billion | ▼ -131.8 pp |
| 2018 | -49.9% | AU$-544.40 Million | AU$1.09 Billion | AU$1.98 Billion | AU$2.52 Billion | ▼ -14.1 pp |
| 2017 | -35.8% | AU$-560.80 Million | AU$1.57 Billion | AU$1.79 Billion | AU$2.35 Billion | — |