Icelandair Group hf (ICEAIR) — Working Capital to Net Assets Ratio
Icelandair Group hf (ICEAIR) has a Working Capital to Net Assets ratio of -97.3% as of June 2025. Working capital of Ikr-275.60 Million (current assets of Ikr732.72 Million minus current liabilities of Ikr1.01 Billion) is measured against net assets of Ikr283.28 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Icelandair Group hf liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Icelandair Group hf Working Capital to Net Assets (2014–2024)
This chart shows how Icelandair Group hf's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of June 2025, the ratio stands at -97.3%, reflecting working capital of Ikr-275.60 Million against net assets of Ikr283.28 Million ISK. For the complete balance sheet picture, see ICEAIR asset base.
Annual Working Capital to Net Assets for Icelandair Group hf (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Icelandair Group hf from 2014 to 2024, covering 11 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 Icelandair Group hf liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (ISK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -97.5% | Ikr-262.21 Million | Ikr269.07 Million | Ikr443.53 Million | Ikr705.75 Million | ▼ -32.0 pp |
| 2023 | -65.5% | Ikr-188.74 Million | Ikr288.35 Million | Ikr457.08 Million | Ikr645.82 Million | ▼ -9.3 pp |
| 2022 | -56.2% | Ikr-153.64 Million | Ikr273.39 Million | Ikr446.25 Million | Ikr599.88 Million | ▼ -18.9 pp |
| 2021 | -37.3% | Ikr-82.98 Million | Ikr222.38 Million | Ikr408.63 Million | Ikr491.61 Million | ▲ +13.5 pp |
| 2020 | -50.8% | Ikr-118.38 Million | Ikr232.81 Million | Ikr282.09 Million | Ikr400.47 Million | ▼ -28.7 pp |
| 2019 | -22.1% | Ikr-106.78 Million | Ikr482.48 Million | Ikr661.43 Million | Ikr768.21 Million | ▲ +26.3 pp |
| 2018 | -48.4% | Ikr-228.26 Million | Ikr471.38 Million | Ikr569.54 Million | Ikr797.81 Million | ▼ -47.6 pp |
| 2017 | -0.8% | Ikr-4.86 Million | Ikr591.53 Million | Ikr464.06 Million | Ikr468.92 Million | ▲ +6.0 pp |
| 2016 | -6.8% | Ikr-38.57 Million | Ikr568.21 Million | Ikr417.52 Million | Ikr456.09 Million | ▲ +11.1 pp |
| 2015 | -17.9% | Ikr-81.53 Million | Ikr456.53 Million | Ikr334.40 Million | Ikr415.93 Million | ▲ +0.4 pp |
| 2014 | -18.2% | Ikr-66.50 Million | Ikr365.05 Million | Ikr335.02 Million | Ikr401.52 Million | — |