Smurfit Kappa Group PLC (SK3) — Working Capital to Net Assets Ratio
Smurfit Kappa Group PLC (SK3) has a Working Capital to Net Assets ratio of 17.9% as of March 2026. Working capital of €3.24 Billion (current assets of €10.55 Billion minus current liabilities of €7.31 Billion) is measured against net assets of €18.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Smurfit Kappa Group PLC to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Smurfit Kappa Group PLC Working Capital to Net Assets (2013–2025)
This chart shows how Smurfit Kappa Group PLC's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 17.9%, reflecting working capital of €3.24 Billion against net assets of €18.08 Billion EUR. See SK3 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Smurfit Kappa Group PLC (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Smurfit Kappa Group PLC from 2013 to 2025, covering 13 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 Smurfit Kappa Group PLC market cap and net worth.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.4% | €3.38 Billion | €18.35 Billion | €10.44 Billion | €7.06 Billion | ▲ +2.7 pp |
| 2024 | 15.7% | €2.72 Billion | €17.39 Billion | €10.05 Billion | €7.33 Billion | ▼ -9.2 pp |
| 2023 | 24.9% | €1.39 Billion | €5.57 Billion | €4.08 Billion | €2.69 Billion | ▼ -4.5 pp |
| 2022 | 29.4% | €1.48 Billion | €5.04 Billion | €4.51 Billion | €3.03 Billion | ▲ +1.1 pp |
| 2021 | 28.3% | €1.24 Billion | €4.39 Billion | €4.07 Billion | €2.83 Billion | ▲ +1.1 pp |
| 2020 | 27.2% | €1.03 Billion | €3.78 Billion | €3.26 Billion | €2.23 Billion | ▲ +11.6 pp |
| 2019 | 15.5% | €465.00 Million | €2.99 Billion | €2.68 Billion | €2.21 Billion | ▼ -13.3 pp |
| 2018 | 28.8% | €833.00 Million | €2.89 Billion | €2.96 Billion | €2.12 Billion | ▲ +12.3 pp |
| 2017 | 16.5% | €440.00 Million | €2.66 Billion | €2.96 Billion | €2.52 Billion | ▼ -15.5 pp |
| 2016 | 32.1% | €803.00 Million | €2.50 Billion | €2.71 Billion | €1.91 Billion | ▲ +3.5 pp |
| 2015 | 28.6% | €666.00 Million | €2.33 Billion | €2.50 Billion | €1.83 Billion | ▼ -6.5 pp |
| 2014 | 35.1% | €849.00 Million | €2.42 Billion | €2.63 Billion | €1.78 Billion | ▲ +0.2 pp |
| 2013 | 34.9% | €875.00 Million | €2.51 Billion | €2.52 Billion | €1.65 Billion | — |