Aygaz AS (AYGAZ) — Working Capital to Net Assets Ratio
Aygaz AS (AYGAZ) has a Working Capital to Net Assets ratio of 9.7% as of December 2025. Working capital of TL6.72 Billion (current assets of TL17.25 Billion minus current liabilities of TL10.53 Billion) is measured against net assets of TL69.58 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Aygaz AS to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Aygaz AS Working Capital to Net Assets (2014–2025)
This chart shows how Aygaz AS's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 9.7%, reflecting working capital of TL6.72 Billion against net assets of TL69.58 Billion TRY. For the complete balance sheet picture, see total assets of Aygaz AS.
Annual Working Capital to Net Assets for Aygaz AS (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Aygaz AS from 2014 to 2025, covering 12 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 asset resilience ratio of Aygaz AS to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.7% | TL6.72 Billion | TL69.58 Billion | TL17.25 Billion | TL10.53 Billion | ▲ +4.2 pp |
| 2024 | 5.5% | TL2.88 Billion | TL52.27 Billion | TL10.81 Billion | TL7.93 Billion | ▲ +2.5 pp |
| 2023 | 3.0% | TL1.11 Billion | TL36.52 Billion | TL10.14 Billion | TL9.04 Billion | ▲ +4.5 pp |
| 2022 | -1.5% | TL-117.79 Million | TL7.85 Billion | TL7.45 Billion | TL7.57 Billion | ▼ -29.8 pp |
| 2021 | 28.3% | TL768.93 Million | TL2.72 Billion | TL4.64 Billion | TL3.87 Billion | ▲ +13.5 pp |
| 2020 | 14.7% | TL341.62 Million | TL2.32 Billion | TL2.19 Billion | TL1.85 Billion | ▲ +10.9 pp |
| 2019 | 3.8% | TL94.08 Million | TL2.48 Billion | TL1.59 Billion | TL1.50 Billion | ▼ -1.5 pp |
| 2018 | 5.3% | TL133.51 Million | TL2.50 Billion | TL1.62 Billion | TL1.48 Billion | ▼ -5.2 pp |
| 2017 | 10.6% | TL308.72 Million | TL2.92 Billion | TL1.59 Billion | TL1.28 Billion | ▼ -2.3 pp |
| 2016 | 12.9% | TL353.10 Million | TL2.74 Billion | TL1.28 Billion | TL923.69 Million | ▲ +6.0 pp |
| 2015 | 6.8% | TL178.35 Million | TL2.61 Billion | TL1.03 Billion | TL846.84 Million | ▲ +6.9 pp |
| 2014 | 0.0% | TL-1.14 Million | TL2.36 Billion | TL713.48 Million | TL714.61 Million | — |