Woolworths Group Ltd (WOW) — Working Capital to Net Assets Ratio
Woolworths Group Ltd (WOW) has a Working Capital to Net Assets ratio of -106.9% as of June 2025. Working capital of AU$-5.31 Billion (current assets of AU$6.99 Billion minus current liabilities of AU$12.30 Billion) is measured against net assets of AU$4.96 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Woolworths Group Ltd balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Woolworths Group Ltd Working Capital to Net Assets (1992–2025)
This chart shows how Woolworths Group Ltd's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1992 to 2025. As of June 2025, the ratio stands at -106.9%, reflecting working capital of AU$-5.31 Billion against net assets of AU$4.96 Billion AUD. Check tangible equity quality of Woolworths Group Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Woolworths Group Ltd (1992–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Woolworths Group Ltd from 1992 to 2025, covering 34 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see WOW market cap overview.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -106.9% | AU$-5.31 Billion | AU$4.96 Billion | AU$6.99 Billion | AU$12.30 Billion | ▼ -2.3 pp |
| 2024 | -104.6% | AU$-5.83 Billion | AU$5.57 Billion | AU$6.99 Billion | AU$12.82 Billion | ▼ -20.7 pp |
| 2023 | -83.9% | AU$-5.51 Billion | AU$6.57 Billion | AU$6.38 Billion | AU$11.89 Billion | ▼ -7.9 pp |
| 2022 | -76.0% | AU$-4.64 Billion | AU$6.10 Billion | AU$6.11 Billion | AU$10.75 Billion | ▲ +345.5 pp |
| 2021 | -421.6% | AU$-7.33 Billion | AU$1.74 Billion | AU$15.79 Billion | AU$23.12 Billion | ▼ -362.5 pp |
| 2020 | -59.0% | AU$-5.33 Billion | AU$9.03 Billion | AU$8.12 Billion | AU$13.46 Billion | ▼ -34.4 pp |
| 2019 | -24.7% | AU$-2.59 Billion | AU$10.48 Billion | AU$6.30 Billion | AU$8.88 Billion | ▼ -6.1 pp |
| 2018 | -18.6% | AU$-2.02 Billion | AU$10.85 Billion | AU$7.01 Billion | AU$9.03 Billion | ▼ 0.0 pp |
| 2017 | -18.5% | AU$-1.83 Billion | AU$9.88 Billion | AU$7.12 Billion | AU$8.95 Billion | ▼ -0.7 pp |
| 2016 | -17.8% | AU$-1.57 Billion | AU$8.78 Billion | AU$7.43 Billion | AU$8.99 Billion | ▼ -4.3 pp |
| 2015 | -13.5% | AU$-1.51 Billion | AU$11.13 Billion | AU$7.66 Billion | AU$9.17 Billion | ▼ -9.9 pp |
| 2014 | -3.6% | AU$-383.40 Million | AU$10.53 Billion | AU$7.11 Billion | AU$7.49 Billion | ▲ +3.2 pp |
| 2013 | -6.9% | AU$-639.90 Million | AU$9.30 Billion | AU$6.23 Billion | AU$6.87 Billion | ▲ +4.5 pp |
| 2012 | -11.4% | AU$-964.10 Million | AU$8.45 Billion | AU$5.80 Billion | AU$6.77 Billion | ▲ +10.2 pp |
| 2011 | -21.6% | AU$-1.70 Billion | AU$7.85 Billion | AU$6.59 Billion | AU$8.29 Billion | ▲ +3.4 pp |
| 2010 | -25.0% | AU$-1.95 Billion | AU$7.82 Billion | AU$5.20 Billion | AU$7.15 Billion | ▼ -3.0 pp |
| 2009 | -22.0% | AU$-1.56 Billion | AU$7.06 Billion | AU$4.86 Billion | AU$6.41 Billion | ▲ +8.8 pp |
| 2008 | -30.8% | AU$-1.92 Billion | AU$6.24 Billion | AU$4.50 Billion | AU$6.42 Billion | ▼ -6.5 pp |
| 2007 | -24.3% | AU$-1.34 Billion | AU$5.51 Billion | AU$4.16 Billion | AU$5.50 Billion | ▼ -6.6 pp |
| 2006 | -17.7% | AU$-753.50 Million | AU$4.26 Billion | AU$4.12 Billion | AU$4.87 Billion | ▲ +13.5 pp |
| 2005 | -31.2% | AU$-685.00 Million | AU$2.20 Billion | AU$3.04 Billion | AU$3.72 Billion | ▼ -9.1 pp |
| 2004 | -22.1% | AU$-452.60 Million | AU$2.05 Billion | AU$2.78 Billion | AU$3.23 Billion | ▲ +12.1 pp |
| 2003 | -34.2% | AU$-623.00 Million | AU$1.82 Billion | AU$2.62 Billion | AU$3.24 Billion | ▼ -6.2 pp |
| 2002 | -28.0% | AU$-509.80 Million | AU$1.82 Billion | AU$2.59 Billion | AU$3.10 Billion | ▲ +9.4 pp |
| 2001 | -37.4% | AU$-570.90 Million | AU$1.53 Billion | AU$2.39 Billion | AU$2.96 Billion | ▼ -22.1 pp |
| 2000 | -15.3% | AU$-249.80 Million | AU$1.63 Billion | AU$2.35 Billion | AU$2.59 Billion | ▼ -28.8 pp |
| 1999 | 13.5% | AU$200.10 Million | AU$1.48 Billion | AU$2.23 Billion | AU$2.03 Billion | ▼ -1.3 pp |
| 1998 | 14.8% | AU$203.20 Million | AU$1.37 Billion | AU$2.08 Billion | AU$1.88 Billion | ▲ +5.5 pp |
| 1997 | 9.3% | AU$114.20 Million | AU$1.23 Billion | AU$1.89 Billion | AU$1.78 Billion | ▼ -0.4 pp |
| 1996 | 9.7% | AU$110.30 Million | AU$1.14 Billion | AU$1.65 Billion | AU$1.54 Billion | ▲ +3.8 pp |
| 1995 | 5.9% | AU$56.90 Million | AU$958.50 Million | AU$1.59 Billion | AU$1.53 Billion | ▼ -4.1 pp |
| 1994 | 10.0% | AU$77.10 Million | AU$770.50 Million | AU$1.32 Billion | AU$1.24 Billion | ▲ +45.7 pp |
| 1993 | -35.7% | AU$-220.70 Million | AU$618.70 Million | AU$1.18 Billion | AU$1.40 Billion | ▼ -29.9 pp |
| 1992 | -5.8% | AU$-43.30 Million | AU$745.50 Million | AU$1.38 Billion | AU$1.42 Billion | — |