ICAPE HOLDING EO -40 (Z8J) — Working Capital to Net Assets Ratio
ICAPE HOLDING EO -40 (Z8J) has a Working Capital to Net Assets ratio of -31.9% as of December 2025. Working capital of €-7.92 Million (current assets of €72.50 Million minus current liabilities of €80.42 Million) is measured against net assets of €24.80 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Z8J defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ICAPE HOLDING EO -40 Working Capital to Net Assets (2021–2025)
This chart shows how ICAPE HOLDING EO -40's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at -31.9%, reflecting working capital of €-7.92 Million against net assets of €24.80 Million EUR. For the complete balance sheet picture, see ICAPE HOLDING EO -40 asset portfolio.
Annual Working Capital to Net Assets for ICAPE HOLDING EO -40 (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ICAPE HOLDING EO -40 from 2021 to 2025, covering 5 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 ICAPE HOLDING EO -40 (Z8J) 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 | -31.9% | €-7.92 Million | €24.80 Million | €72.50 Million | €80.42 Million | ▼ -41.4 pp |
| 2024 | 9.5% | €2.96 Million | €31.16 Million | €84.92 Million | €81.96 Million | ▼ -21.8 pp |
| 2023 | 31.3% | €8.93 Million | €28.52 Million | €87.35 Million | €78.42 Million | ▲ +22.3 pp |
| 2022 | 9.0% | €2.62 Million | €29.07 Million | €94.31 Million | €91.69 Million | ▼ -26.5 pp |
| 2021 | 35.5% | €2.13 Million | €6.01 Million | €88.80 Million | €86.66 Million | — |