Turk Tuborg Bira ve Malt Sanayi AS (TBORG) — Working Capital to Net Assets Ratio
Turk Tuborg Bira ve Malt Sanayi AS (TBORG) has a Working Capital to Net Assets ratio of 28.1% as of December 2025. Working capital of TL6.63 Billion (current assets of TL26.62 Billion minus current liabilities of TL19.99 Billion) is measured against net assets of TL23.59 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Turk Tuborg Bira ve Malt Sanayi AS's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Turk Tuborg Bira ve Malt Sanayi AS Working Capital to Net Assets (2014–2025)
This chart shows how Turk Tuborg Bira ve Malt Sanayi 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 28.1%, reflecting working capital of TL6.63 Billion against net assets of TL23.59 Billion TRY. Check TBORG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Turk Tuborg Bira ve Malt Sanayi AS (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Turk Tuborg Bira ve Malt Sanayi 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. For live market cap and the full company profile, see TBORG market cap.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 28.1% | TL6.63 Billion | TL23.59 Billion | TL26.62 Billion | TL19.99 Billion | ▼ -9.3 pp |
| 2024 | 37.4% | TL8.58 Billion | TL22.96 Billion | TL22.96 Billion | TL14.38 Billion | ▲ +10.2 pp |
| 2023 | 27.2% | TL4.03 Billion | TL14.82 Billion | TL16.61 Billion | TL12.58 Billion | ▼ -7.0 pp |
| 2022 | 34.2% | TL1.42 Billion | TL4.14 Billion | TL5.83 Billion | TL4.41 Billion | ▼ -17.0 pp |
| 2021 | 51.2% | TL1.50 Billion | TL2.93 Billion | TL3.23 Billion | TL1.73 Billion | ▲ +11.2 pp |
| 2020 | 40.0% | TL732.52 Million | TL1.83 Billion | TL2.27 Billion | TL1.54 Billion | ▲ +7.8 pp |
| 2019 | 32.2% | TL420.44 Million | TL1.31 Billion | TL1.54 Billion | TL1.12 Billion | ▼ -15.4 pp |
| 2018 | 47.6% | TL668.35 Million | TL1.41 Billion | TL1.56 Billion | TL892.46 Million | ▼ -4.7 pp |
| 2017 | 52.2% | TL541.86 Million | TL1.04 Billion | TL1.14 Billion | TL595.70 Million | ▼ -1.3 pp |
| 2016 | 53.5% | TL399.81 Million | TL747.04 Million | TL917.42 Million | TL517.61 Million | ▲ +6.0 pp |
| 2015 | 47.5% | TL242.26 Million | TL509.50 Million | TL628.70 Million | TL386.44 Million | ▲ +11.2 pp |
| 2014 | 36.3% | TL128.44 Million | TL353.43 Million | TL424.51 Million | TL296.07 Million | — |