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 debt-free asset ratio of Vodafone Group Plc to measure how much of total assets are equity-financed.
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. Check Vodafone Group Plc (VODJ) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see VODJ company net worth.
| 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 | — |