Ryanair Holdings plc Working Capital to Net Assets Ratio
Ryanair Holdings plc working capital to net assets ratio. Ryanair Holdings plc (RYA) has a Working Capital to Net Assets ratio of -21.1% as of September 2025. Working capital of €-1.89 Billion (current assets of €4.71 Billion minus current liabilities of €6.60 Billion) is measured against net assets of €8.97 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Ryanair Holdings plc (1996–2025)
Working capital to net assets ratio of Ryanair Holdings plc from 1996 to 2025. This chart shows how Ryanair Holdings plc's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of September 2025, the ratio stands at -21.1%, reflecting working capital of €-1.89 Billion against net assets of €8.97 Billion EUR. See defensive interval ratio of Ryanair Holdings plc to measure how many days the company can operate on defensive assets alone.
Ryanair Holdings plc Working Capital to Net Assets Ratio by Year (1996–2025)
Ryanair Holdings plc working capital to net assets ratio by year from 1996 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Ryanair Holdings plc from 1996 to 2025, covering 30 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 the complete balance sheet picture, see Ryanair Holdings plc assets under control.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -30.5% | €-2.14 Billion | €7.04 Billion | €6.01 Billion | €8.15 Billion | ▼ -22.9 pp |
| 2024 | -7.5% | €-573.50 Million | €7.61 Billion | €5.83 Billion | €6.40 Billion | ▲ +19.2 pp |
| 2023 | -26.8% | €-1.51 Billion | €5.64 Billion | €5.91 Billion | €7.42 Billion | ▼ -28.1 pp |
| 2022 | 1.4% | €76.40 Million | €5.55 Billion | €5.48 Billion | €5.40 Billion | ▲ +2.9 pp |
| 2021 | -1.5% | €-68.60 Million | €4.65 Billion | €3.46 Billion | €3.53 Billion | ▲ +18.9 pp |
| 2020 | -20.4% | €-1.01 Billion | €4.97 Billion | €4.49 Billion | €5.51 Billion | ▼ -14.8 pp |
| 2019 | -5.6% | €-292.60 Million | €5.21 Billion | €3.80 Billion | €4.10 Billion | ▼ -23.0 pp |
| 2018 | 17.4% | €776.10 Million | €4.47 Billion | €4.19 Billion | €3.41 Billion | ▼ -20.9 pp |
| 2017 | 38.3% | €1.69 Billion | €4.42 Billion | €4.71 Billion | €3.01 Billion | ▼ -2.1 pp |
| 2016 | 40.4% | €1.45 Billion | €3.60 Billion | €4.82 Billion | €3.37 Billion | ▼ -19.0 pp |
| 2015 | 59.4% | €2.40 Billion | €4.04 Billion | €5.74 Billion | €3.35 Billion | ▲ +22.0 pp |
| 2014 | 37.4% | €1.23 Billion | €3.29 Billion | €3.44 Billion | €2.22 Billion | ▼ -19.2 pp |
| 2013 | 56.6% | €1.85 Billion | €3.27 Billion | €3.76 Billion | €1.91 Billion | ▼ -5.8 pp |
| 2012 | 62.3% | €2.06 Billion | €3.31 Billion | €3.88 Billion | €1.81 Billion | ▲ +6.8 pp |
| 2011 | 55.5% | €1.64 Billion | €2.95 Billion | €3.48 Billion | €1.84 Billion | ▲ +2.4 pp |
| 2010 | 53.1% | €1.51 Billion | €2.85 Billion | €3.06 Billion | €1.55 Billion | ▲ +5.1 pp |
| 2009 | 48.0% | €1.16 Billion | €2.43 Billion | €2.54 Billion | €1.38 Billion | ▲ +14.8 pp |
| 2008 | 33.2% | €829.97 Million | €2.50 Billion | €2.39 Billion | €1.56 Billion | ▼ -15.5 pp |
| 2007 | 48.7% | €1.24 Billion | €2.54 Billion | €2.35 Billion | €1.12 Billion | ▼ -11.9 pp |
| 2006 | 60.6% | €1.21 Billion | €1.99 Billion | €2.05 Billion | €845.87 Million | ▲ +1.0 pp |
| 2005 | 59.6% | €1.03 Billion | €1.73 Billion | €1.69 Billion | €657.24 Million | ▲ +2.5 pp |
| 2004 | 57.1% | €831.15 Million | €1.46 Billion | €1.32 Billion | €486.83 Million | ▼ -2.2 pp |
| 2003 | 59.3% | €736.81 Million | €1.24 Billion | €1.11 Billion | €377.54 Million | ▼ -3.5 pp |
| 2002 | 62.8% | €629.57 Million | €1.00 Billion | €937.77 Million | €308.19 Million | ▼ -6.0 pp |
| 2001 | 68.8% | €461.15 Million | €669.90 Million | €663.62 Million | €202.48 Million | ▲ +11.3 pp |
| 2000 | 57.5% | €253.98 Million | €441.36 Million | €397.63 Million | €143.65 Million | ▲ +24.9 pp |
| 1999 | 32.6% | €81.90 Million | €250.96 Million | €196.29 Million | €114.39 Million | ▲ +19.9 pp |
| 1998 | 12.7% | €16.96 Million | €133.47 Million | €88.27 Million | €71.30 Million | ▲ +38.2 pp |
| 1997 | -25.5% | €-1.00 Million | €3.92 Million | €47.79 Million | €48.80 Million | ▼ -67.5 pp |
| 1996 | 41.9% | €16.89 Million | €40.27 Million | €69.61 Million | €52.73 Million | — |