LEONARDO ADR 1/2/EO 440 (FMN) — Working Capital to Net Assets Ratio
LEONARDO ADR 1/2/EO 440 (FMN) has a Working Capital to Net Assets ratio of -4.6% as of December 2025. Working capital of €-489.00 Million (current assets of €19.09 Billion minus current liabilities of €19.58 Billion) is measured against net assets of €10.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can LEONARDO ADR 1/2/EO 440 fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
LEONARDO ADR 1/2/EO 440 Working Capital to Net Assets (2021–2025)
This chart shows how LEONARDO ADR 1/2/EO 440's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at -4.6%, reflecting working capital of €-489.00 Million against net assets of €10.74 Billion EUR. For the complete balance sheet picture, see total assets of LEONARDO ADR 1/2/EO 440.
Annual Working Capital to Net Assets for LEONARDO ADR 1/2/EO 440 (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for LEONARDO ADR 1/2/EO 440 from 2021 to 2025, covering 5 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. Read LEONARDO ADR 1/2/EO 440 (FMN) financial obligations for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -4.6% | €-489.00 Million | €10.74 Billion | €19.09 Billion | €19.58 Billion | ▲ +1.3 pp |
| 2024 | -5.9% | €-600.00 Million | €10.20 Billion | €18.20 Billion | €18.80 Billion | ▲ +1.1 pp |
| 2023 | -7.0% | €-601.00 Million | €8.56 Billion | €16.40 Billion | €17.00 Billion | ▼ 0.0 pp |
| 2022 | -7.0% | €-539.00 Million | €7.70 Billion | €14.64 Billion | €15.18 Billion | ▼ -6.6 pp |
| 2021 | -0.4% | €-27.00 Million | €6.46 Billion | €15.57 Billion | €15.60 Billion | — |