Tekfen Holding AS (TKFEN) — Working Capital to Net Assets Ratio
Tekfen Holding AS (TKFEN) has a Working Capital to Net Assets ratio of -27.7% as of December 2025. Working capital of TL-9.08 Billion (current assets of TL27.01 Billion minus current liabilities of TL36.09 Billion) is measured against net assets of TL32.79 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Tekfen Holding AS to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tekfen Holding AS Working Capital to Net Assets (2014–2025)
This chart shows how Tekfen Holding 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 -27.7%, reflecting working capital of TL-9.08 Billion against net assets of TL32.79 Billion TRY. Check tangible net worth ratio of Tekfen Holding AS to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tekfen Holding AS (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tekfen Holding 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 Tekfen Holding AS (TKFEN) market capitalisation.
| Year | WC/NA Ratio | Working Capital (TRY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -27.7% | TL-9.08 Billion | TL32.79 Billion | TL27.01 Billion | TL36.09 Billion | ▼ -34.5 pp |
| 2024 | 6.8% | TL2.09 Billion | TL30.88 Billion | TL29.23 Billion | TL27.14 Billion | ▲ +5.4 pp |
| 2023 | 1.3% | TL295.45 Million | TL22.03 Billion | TL27.41 Billion | TL27.11 Billion | ▼ -37.5 pp |
| 2022 | 38.9% | TL4.12 Billion | TL10.59 Billion | TL22.40 Billion | TL18.29 Billion | ▲ +8.6 pp |
| 2021 | 30.2% | TL2.33 Billion | TL7.73 Billion | TL15.41 Billion | TL13.07 Billion | ▲ +3.7 pp |
| 2020 | 26.5% | TL1.54 Billion | TL5.81 Billion | TL9.01 Billion | TL7.47 Billion | ▼ -20.3 pp |
| 2019 | 46.8% | TL2.57 Billion | TL5.50 Billion | TL9.22 Billion | TL6.65 Billion | ▼ -2.0 pp |
| 2018 | 48.8% | TL2.16 Billion | TL4.42 Billion | TL8.92 Billion | TL6.76 Billion | ▲ +1.4 pp |
| 2017 | 47.4% | TL1.43 Billion | TL3.01 Billion | TL7.01 Billion | TL5.59 Billion | ▲ +20.7 pp |
| 2016 | 26.8% | TL637.22 Million | TL2.38 Billion | TL4.53 Billion | TL3.90 Billion | ▼ -12.7 pp |
| 2015 | 39.5% | TL823.73 Million | TL2.09 Billion | TL3.71 Billion | TL2.89 Billion | ▼ -9.5 pp |
| 2014 | 49.0% | TL977.40 Million | TL2.00 Billion | TL3.26 Billion | TL2.28 Billion | — |