Vodafone Group Plc (VODJ) — Working Capital to Net Assets Ratio
Vodafone Group Plc (VODJ) has a Working Capital to Net Assets ratio of 6.4% as of September 2025. Working capital of €3.60 Billion (current assets of €25.30 Billion minus current liabilities of €21.70 Billion) is measured against net assets of €56.61 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Vodafone Group Plc fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vodafone Group Plc Working Capital to Net Assets (2017–2025)
This chart shows how Vodafone Group Plc'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 6.4%, reflecting working capital of €3.60 Billion against net assets of €56.61 Billion EUR. For the complete balance sheet picture, see how large is Vodafone Group Plc's balance sheet.
Annual Working Capital to Net Assets for Vodafone Group Plc (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vodafone Group Plc 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 VODJ asset resilience 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 | 10.9% | €5.87 Billion | €53.92 Billion | €28.62 Billion | €22.75 Billion | ▼ -6.0 pp |
| 2024 | 16.9% | €10.29 Billion | €61.00 Billion | €39.56 Billion | €29.27 Billion | ▲ +23.0 pp |
| 2023 | -6.1% | €-3.92 Billion | €64.48 Billion | €30.66 Billion | €34.58 Billion | ▲ +4.6 pp |
| 2022 | -10.7% | €-6.07 Billion | €56.98 Billion | €27.58 Billion | €33.65 Billion | ▼ -9.9 pp |
| 2021 | -0.8% | €-441.00 Million | €57.82 Billion | €28.27 Billion | €28.71 Billion | ▲ +0.1 pp |
| 2020 | -0.9% | €-551.00 Million | €62.62 Billion | €32.83 Billion | €33.38 Billion | ▼ -23.0 pp |
| 2019 | 22.2% | €14.06 Billion | €63.45 Billion | €39.59 Billion | €25.52 Billion | ▲ +23.7 pp |
| 2018 | -1.6% | €-1.07 Billion | €68.61 Billion | €37.95 Billion | €39.02 Billion | ▼ -2.0 pp |
| 2017 | 0.5% | €348.00 Million | €73.72 Billion | €42.74 Billion | €42.39 Billion | — |