Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) — Working Capital to Net Assets Ratio
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) has a Working Capital to Net Assets ratio of 21.8% as of September 2025. Working capital of TL595.01 Million (current assets of TL1.82 Billion minus current liabilities of TL1.22 Billion) is measured against net assets of TL2.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PNLSN free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS Working Capital to Net Assets (2019–2024)
This chart shows how Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 21.8%, reflecting working capital of TL595.01 Million against net assets of TL2.73 Billion TRY. See Panelsan Cati Cephe Sistemleri Sanayi ve (PNLSN) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS from 2019 to 2024, covering 6 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 live market cap and the full company profile, see PNLSN market cap.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 30.0% | TL644.49 Million | TL2.15 Billion | TL1.72 Billion | TL1.07 Billion | ▼ -11.8 pp |
| 2023 | 41.8% | TL529.19 Million | TL1.27 Billion | TL1.68 Billion | TL1.15 Billion | ▼ -17.4 pp |
| 2022 | 59.2% | TL629.97 Million | TL1.06 Billion | TL1.51 Billion | TL881.29 Million | ▲ +7.8 pp |
| 2021 | 51.4% | TL77.79 Million | TL151.29 Million | TL461.30 Million | TL383.51 Million | ▲ +32.1 pp |
| 2020 | 19.3% | TL11.15 Million | TL57.81 Million | TL231.28 Million | TL220.13 Million | ▼ -14.8 pp |
| 2019 | 34.1% | TL12.75 Million | TL37.36 Million | TL126.35 Million | TL113.60 Million | — |