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 27.7% as of December 2025. Working capital of AR$282.99 Billion (current assets of AR$496.64 Billion minus current liabilities of AR$213.65 Billion) is measured against net assets of AR$1.02 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TGNO4 net asset quality score to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 27.7%, reflecting working capital of AR$282.99 Billion against net assets of AR$1.02 Trillion ARS. Check how tangible is Transportadora de Gas del Norte SA Class's equity to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see TGNO4 market cap.
| 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 | — |