Lenovo Group Limited (LHL1) — Working Capital to Net Assets Ratio
Lenovo Group Limited (LHL1) has a Working Capital to Net Assets ratio of -17.3% as of September 2025. Working capital of €-1.30 Billion (current assets of €33.22 Billion minus current liabilities of €34.52 Billion) is measured against net assets of €7.49 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Lenovo Group Limited (LHL1) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Lenovo Group Limited Working Capital to Net Assets (2017–2025)
This chart shows how Lenovo Group Limited's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of September 2025, the ratio stands at -17.3%, reflecting working capital of €-1.30 Billion against net assets of €7.49 Billion EUR. For the complete balance sheet picture, see Lenovo Group Limited assets under control.
Annual Working Capital to Net Assets for Lenovo Group Limited (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lenovo Group Limited from 2017 to 2025, covering 9 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 Lenovo Group Limited (LHL1) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -31.4% | €-2.09 Billion | €6.66 Billion | €27.90 Billion | €29.99 Billion | ▲ +24.1 pp |
| 2024 | -55.4% | €-3.37 Billion | €6.08 Billion | €22.69 Billion | €26.06 Billion | ▼ -3.3 pp |
| 2023 | -52.1% | €-3.15 Billion | €6.05 Billion | €22.94 Billion | €26.09 Billion | ▲ +17.6 pp |
| 2022 | -69.7% | €-3.76 Billion | €5.39 Billion | €29.00 Billion | €32.76 Billion | ▲ +42.1 pp |
| 2021 | -111.8% | €-4.04 Billion | €3.61 Billion | €23.34 Billion | €27.37 Billion | ▼ -0.3 pp |
| 2020 | -111.5% | €-4.52 Billion | €4.06 Billion | €18.73 Billion | €23.26 Billion | ▼ -23.5 pp |
| 2019 | -88.0% | €-3.60 Billion | €4.10 Billion | €16.89 Billion | €20.49 Billion | ▼ -4.5 pp |
| 2018 | -83.5% | €-3.80 Billion | €4.55 Billion | €15.66 Billion | €19.46 Billion | ▲ +1.1 pp |
| 2017 | -84.6% | €-3.47 Billion | €4.10 Billion | €14.87 Billion | €18.33 Billion | — |