Xero Ltd (XRO) — Working Capital to Net Assets Ratio
Xero Ltd (XRO) has a Working Capital to Net Assets ratio of 61.3% as of September 2025. Working capital of AU$2.46 Billion (current assets of AU$4.39 Billion minus current liabilities of AU$1.93 Billion) is measured against net assets of AU$4.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Xero Ltd (XRO) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Xero Ltd Working Capital to Net Assets (2008–2025)
This chart shows how Xero Ltd's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of September 2025, the ratio stands at 61.3%, reflecting working capital of AU$2.46 Billion against net assets of AU$4.01 Billion AUD. Check tangible net worth ratio of Xero Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Xero Ltd (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Xero Ltd from 2008 to 2025, covering 18 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 XRO stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 22.4% | AU$447.73 Million | AU$2.00 Billion | AU$2.34 Billion | AU$1.89 Billion | ▼ -84.1 pp |
| 2024 | 106.5% | AU$1.48 Billion | AU$1.39 Billion | AU$1.75 Billion | AU$264.08 Million | ▲ +10.8 pp |
| 2023 | 95.7% | AU$942.14 Million | AU$984.51 Million | AU$1.18 Billion | AU$238.27 Million | ▲ +11.0 pp |
| 2022 | 84.7% | AU$810.69 Million | AU$957.65 Million | AU$992.69 Million | AU$181.99 Million | ▼ -54.2 pp |
| 2021 | 138.8% | AU$952.14 Million | AU$685.91 Million | AU$1.11 Billion | AU$155.24 Million | ▼ -3.8 pp |
| 2020 | 142.6% | AU$583.48 Million | AU$409.12 Million | AU$695.97 Million | AU$112.49 Million | ▲ +6.3 pp |
| 2019 | 136.3% | AU$462.32 Million | AU$339.21 Million | AU$563.21 Million | AU$100.89 Million | ▲ +116.1 pp |
| 2018 | 20.2% | AU$45.71 Million | AU$226.74 Million | AU$110.27 Million | AU$64.56 Million | ▼ -16.4 pp |
| 2017 | 36.6% | AU$75.19 Million | AU$205.40 Million | AU$135.36 Million | AU$60.16 Million | ▼ -22.4 pp |
| 2016 | 59.0% | AU$148.66 Million | AU$251.90 Million | AU$190.87 Million | AU$42.22 Million | ▼ -17.1 pp |
| 2015 | 76.1% | AU$258.02 Million | AU$339.04 Million | AU$287.90 Million | AU$29.88 Million | ▼ -5.8 pp |
| 2014 | 81.9% | AU$201.33 Million | AU$245.92 Million | AU$210.36 Million | AU$9.03 Million | ▲ +7.5 pp |
| 2013 | 74.4% | AU$61.26 Million | AU$82.36 Million | AU$67.49 Million | AU$6.23 Million | ▲ +4.6 pp |
| 2012 | 69.8% | AU$36.47 Million | AU$52.25 Million | AU$42.00 Million | AU$5.53 Million | ▼ -3.0 pp |
| 2011 | 72.9% | AU$15.80 Million | AU$21.69 Million | AU$18.46 Million | AU$2.66 Million | ▼ -10.7 pp |
| 2010 | 83.6% | AU$20.55 Million | AU$24.59 Million | AU$22.63 Million | AU$2.08 Million | ▲ +41.2 pp |
| 2009 | 42.4% | AU$2.13 Million | AU$5.02 Million | AU$4.21 Million | AU$2.08 Million | ▼ -40.8 pp |
| 2008 | 83.2% | AU$9.42 Million | AU$11.32 Million | AU$9.96 Million | AU$538.00K | — |