LEONARDO ADR 1/2/EO 440 Working Capital to Net Assets Ratio
LEONARDO ADR 1/2/EO 440 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. Check LEONARDO ADR 1/2/EO 440 tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of LEONARDO ADR 1/2/EO 440 (2021–2025)
Working capital to net assets ratio of LEONARDO ADR 1/2/EO 440 from 2021 to 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. See FMN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
LEONARDO ADR 1/2/EO 440 Working Capital to Net Assets Ratio by Year (2021–2025)
LEONARDO ADR 1/2/EO 440 working capital to net assets ratio by year from 2021 to 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. For the complete balance sheet picture, see FMN total assets.
| 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 | — |