Transportadora de Gas del Norte SA Class C (TGNO4) — Working Capital to Net Assets Ratio
Transportadora de Gas del Norte SA Class C (TGNO4) has a Working Capital to Net Assets ratio of 37.2% as of June 2026. Working capital of AR$484.41 Billion (current assets of AR$593.54 Billion minus current liabilities of AR$109.13 Billion) is measured against net assets of AR$1.30 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Transportadora de Gas del Norte SA Class (TGNO4) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Transportadora de Gas del Norte SA Class C Working Capital to Net Assets (2015–2025)
This chart shows how Transportadora de Gas del Norte SA Class C's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at 37.2%, reflecting working capital of AR$484.41 Billion against net assets of AR$1.30 Trillion ARS. For the complete balance sheet picture, see balance sheet size of Transportadora de Gas del Norte SA Class.
Annual Working Capital to Net Assets for Transportadora de Gas del Norte SA Class C (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Transportadora de Gas del Norte SA Class C from 2015 to 2025, covering 11 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 TGNO4 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (ARS) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.7% | AR$282.99 Billion | AR$1.02 Trillion | AR$496.64 Billion | AR$213.65 Billion | ▲ +4.6 pp |
| 2024 | 23.1% | AR$250.78 Billion | AR$1.08 Trillion | AR$440.00 Billion | AR$189.22 Billion | ▲ +13.4 pp |
| 2023 | 9.8% | AR$44.19 Billion | AR$452.63 Billion | AR$170.47 Billion | AR$126.29 Billion | ▼ -5.5 pp |
| 2022 | 15.2% | AR$19.34 Billion | AR$127.13 Billion | AR$24.89 Billion | AR$5.55 Billion | ▼ -6.7 pp |
| 2021 | 22.0% | AR$15.19 Billion | AR$69.17 Billion | AR$32.75 Billion | AR$17.55 Billion | ▲ +13.9 pp |
| 2020 | 8.1% | AR$4.46 Billion | AR$54.99 Billion | AR$11.10 Billion | AR$6.64 Billion | ▲ +17.2 pp |
| 2019 | -9.1% | AR$-3.92 Billion | AR$42.93 Billion | AR$10.30 Billion | AR$14.22 Billion | ▼ -12.1 pp |
| 2018 | 3.0% | AR$872.38 Million | AR$29.08 Billion | AR$10.68 Billion | AR$9.81 Billion | ▼ -5.8 pp |
| 2017 | 8.8% | AR$1.33 Billion | AR$15.04 Billion | AR$2.48 Billion | AR$1.15 Billion | ▲ +421.8 pp |
| 2016 | -413.0% | AR$-230.72 Million | AR$55.87 Million | AR$880.61 Million | AR$1.11 Billion | ▼ -506.2 pp |
| 2015 | 93.2% | AR$290.69 Million | AR$311.92 Million | AR$745.10 Million | AR$454.40 Million | — |