West African Resources Limited (W25) — Working Capital to Net Assets Ratio
West African Resources Limited (W25) has a Working Capital to Net Assets ratio of 28.5% as of December 2025. Working capital of €500.60 Million (current assets of €991.50 Million minus current liabilities of €490.90 Million) is measured against net assets of €1.76 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can West African Resources Limited fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
West African Resources Limited Working Capital to Net Assets (2016–2025)
This chart shows how West African Resources Limited's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 28.5%, reflecting working capital of €500.60 Million against net assets of €1.76 Billion EUR. For the complete balance sheet picture, see West African Resources Limited balance sheet assets.
Annual Working Capital to Net Assets for West African Resources Limited (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for West African Resources Limited from 2016 to 2025, covering 8 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 W25 asset liquidity 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 | 28.5% | €500.60 Million | €1.76 Billion | €991.50 Million | €490.90 Million | ▼ -6.1 pp |
| 2024 | 34.6% | €454.26 Million | €1.31 Billion | €649.23 Million | €194.98 Million | ▼ -3.6 pp |
| 2023 | 38.1% | €345.54 Million | €905.83 Million | €474.19 Million | €128.65 Million | ▲ +10.1 pp |
| 2022 | 28.0% | €207.49 Million | €740.57 Million | €295.06 Million | €87.58 Million | ▲ +11.9 pp |
| 2021 | 16.1% | €89.23 Million | €554.41 Million | €286.52 Million | €197.29 Million | ▲ +46.8 pp |
| 2020 | -30.7% | €-52.85 Million | €172.26 Million | €169.65 Million | €222.50 Million | ▼ -124.1 pp |
| 2019 | 93.4% | €69.34 Million | €74.23 Million | €85.12 Million | €15.78 Million | ▼ -5.2 pp |
| 2016 | 98.6% | €8.95 Million | €9.08 Million | €10.93 Million | €1.97 Million | — |