UPM-Kymmene Oyj (UPM) — Working Capital to Net Assets Ratio

Latest as of June 2025: 17.5%

UPM-Kymmene Oyj (UPM) has a Working Capital to Net Assets ratio of 17.5% as of June 2025. Working capital of €1.80 Billion (current assets of €4.57 Billion minus current liabilities of €2.77 Billion) is measured against net assets of €10.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can UPM-Kymmene Oyj fund operations to measure how many days the company can operate on defensive assets alone.

WC/NA Ratio

17.5%
Working Capital / Net Assets

Working Capital

€1.80 Billion
EUR

Current Assets

€4.57 Billion
EUR

Current Liabilities

€2.77 Billion
EUR

UPM-Kymmene Oyj Working Capital to Net Assets (1998–2024)

This chart shows how UPM-Kymmene Oyj's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1998 to 2024. As of June 2025, the ratio stands at 17.5%, reflecting working capital of €1.80 Billion against net assets of €10.33 Billion EUR. For the complete balance sheet picture, see balance sheet size of UPM-Kymmene Oyj.

Annual Working Capital to Net Assets for UPM-Kymmene Oyj (1998–2024)

The table below presents the year-by-year Working Capital to Net Assets ratio for UPM-Kymmene Oyj from 1998 to 2024, covering 27 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 UPM 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)
2024 22.9% €2.64 Billion €11.54 Billion €5.04 Billion €2.40 Billion ▲ +5.4 pp
2023 17.5% €2.01 Billion €11.53 Billion €4.45 Billion €2.44 Billion ▼ -11.9 pp
2022 29.3% €3.78 Billion €12.88 Billion €7.23 Billion €3.45 Billion ▲ +4.2 pp
2021 25.1% €2.79 Billion €11.11 Billion €5.26 Billion €2.47 Billion ▼ -6.1 pp
2020 31.2% €2.97 Billion €9.51 Billion €4.71 Billion €1.74 Billion ▲ +4.1 pp
2019 27.2% €2.76 Billion €10.18 Billion €4.58 Billion €1.82 Billion ▲ +1.7 pp
2018 25.4% €2.49 Billion €9.80 Billion €4.50 Billion €2.00 Billion ▲ +5.0 pp
2017 20.5% €1.77 Billion €8.66 Billion €3.92 Billion €2.15 Billion ▼ -2.4 pp
2016 22.9% €1.88 Billion €8.24 Billion €4.20 Billion €2.31 Billion ▼ -2.5 pp
2015 25.3% €2.01 Billion €7.94 Billion €3.93 Billion €1.92 Billion ▼ -0.4 pp
2014 25.8% €1.93 Billion €7.48 Billion €3.93 Billion €2.00 Billion ▼ -0.9 pp
2013 26.7% €1.99 Billion €7.46 Billion €4.11 Billion €2.12 Billion ▼ -4.1 pp
2012 30.8% €1.82 Billion €5.92 Billion €3.85 Billion €2.03 Billion ▲ +12.2 pp
2011 18.5% €1.39 Billion €7.48 Billion €3.98 Billion €2.59 Billion ▼ -2.2 pp
2010 20.7% €1.47 Billion €7.11 Billion €3.25 Billion €1.78 Billion ▼ -1.3 pp
2009 22.0% €1.45 Billion €6.60 Billion €3.02 Billion €1.57 Billion ▼ -3.6 pp
2008 25.6% €1.57 Billion €6.12 Billion €3.39 Billion €1.83 Billion ▲ +12.4 pp
2007 13.2% €897.00 Million €6.78 Billion €3.31 Billion €2.42 Billion ▲ +3.6 pp
2006 9.7% €704.65 Million €7.29 Billion €3.11 Billion €2.41 Billion ▼ -1.7 pp
2005 11.4% €839.24 Million €7.36 Billion €3.19 Billion €2.35 Billion ▲ +1.3 pp
2004 10.1% €776.04 Million €7.66 Billion €3.02 Billion €2.25 Billion ▼ -0.6 pp
2003 10.8% €742.42 Million €6.89 Billion €3.03 Billion €2.28 Billion ▼ -4.7 pp
2002 15.5% €1.08 Billion €6.96 Billion €3.27 Billion €2.19 Billion ▲ +16.1 pp
2001 -0.7% €-44.96 Million €6.85 Billion €3.56 Billion €3.61 Billion ▼ -10.0 pp
2000 9.3% €574.96 Million €6.17 Billion €2.95 Billion €2.37 Billion ▼ -2.3 pp
1999 11.6% €615.16 Million €5.29 Billion €2.70 Billion €2.09 Billion ▲ +6.7 pp
1998 5.0% €263.13 Million €5.31 Billion €2.63 Billion €2.37 Billion —
pp = percentage points