Kernel Holding SA (0KE) — Working Capital to Net Assets Ratio
Kernel Holding SA (0KE) has a Working Capital to Net Assets ratio of 63.7% as of December 2025. Working capital of €1.39 Billion (current assets of €2.03 Billion minus current liabilities of €637.57 Million) is measured against net assets of €2.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 0KE free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Kernel Holding SA Working Capital to Net Assets (2014–2024)
This chart shows how Kernel Holding SA's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of December 2025, the ratio stands at 63.7%, reflecting working capital of €1.39 Billion against net assets of €2.18 Billion EUR. See 0KE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Kernel Holding SA (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Kernel Holding SA from 2014 to 2024, 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 0KE market cap.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 42.2% | €788.29 Million | €1.87 Billion | €2.16 Billion | €1.37 Billion | ▲ +11.1 pp |
| 2023 | 31.2% | €543.30 Million | €1.74 Billion | €2.44 Billion | €1.90 Billion | ▲ +14.3 pp |
| 2022 | 16.9% | €284.97 Million | €1.69 Billion | €2.52 Billion | €2.24 Billion | ▼ -48.7 pp |
| 2021 | 65.6% | €1.37 Billion | €2.08 Billion | €2.28 Billion | €916.82 Million | ▼ -9.2 pp |
| 2020 | 74.9% | €1.12 Billion | €1.49 Billion | €1.53 Billion | €412.59 Million | ▲ +17.2 pp |
| 2019 | 57.7% | €776.67 Million | €1.35 Billion | €1.26 Billion | €479.76 Million | ▼ -4.2 pp |
| 2018 | 61.9% | €728.75 Million | €1.18 Billion | €1.20 Billion | €475.52 Million | ▼ -9.5 pp |
| 2017 | 71.4% | €826.84 Million | €1.16 Billion | €1.12 Billion | €293.85 Million | ▲ +36.6 pp |
| 2016 | 34.8% | €347.16 Million | €997.05 Million | €720.47 Million | €373.31 Million | ▲ +12.3 pp |
| 2015 | 22.5% | €200.45 Million | €890.84 Million | €658.56 Million | €458.10 Million | ▼ -4.2 pp |
| 2014 | 26.7% | €275.17 Million | €1.03 Billion | €872.53 Million | €597.36 Million | — |