Argo Pantes Tbk (ARGO) — Working Capital to Net Assets Ratio
Argo Pantes Tbk (ARGO) has a Working Capital to Net Assets ratio of -226.4% as of September 2025. Working capital of Rp-272.41 Billion (current assets of Rp226.55 Billion minus current liabilities of Rp498.96 Billion) is measured against net assets of Rp120.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Argo Pantes Tbk fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Argo Pantes Tbk Working Capital to Net Assets (2009–2024)
This chart shows how Argo Pantes Tbk's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2009 to 2024. As of September 2025, the ratio stands at -226.4%, reflecting working capital of Rp-272.41 Billion against net assets of Rp120.32 Billion IDR. For the complete balance sheet picture, see Argo Pantes Tbk total assets.
Annual Working Capital to Net Assets for Argo Pantes Tbk (2009–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Argo Pantes Tbk from 2009 to 2024, covering 16 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 Argo Pantes Tbk liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -226.7% | Rp-276.25 Billion | Rp121.88 Billion | Rp217.37 Billion | Rp493.62 Billion | ▲ +2.8 pp |
| 2023 | -229.4% | Rp-299.54 Billion | Rp130.56 Billion | Rp174.18 Billion | Rp473.72 Billion | ▼ -349.5 pp |
| 2022 | 120.1% | Rp-1.66 Trillion | Rp-1.38 Trillion | Rp135.20 Billion | Rp1.80 Trillion | ▲ +2.3 pp |
| 2021 | 117.8% | Rp-1.57 Trillion | Rp-1.33 Trillion | Rp129.80 Billion | Rp1.70 Trillion | ▼ -23.6 pp |
| 2020 | 141.4% | Rp-1.85 Trillion | Rp-1.31 Trillion | Rp132.44 Billion | Rp1.98 Trillion | ▲ +22.4 pp |
| 2019 | 118.9% | Rp-1.44 Trillion | Rp-1.21 Trillion | Rp152.34 Billion | Rp1.59 Trillion | ▼ -2.6 pp |
| 2018 | 121.5% | Rp-1.42 Trillion | Rp-1.17 Trillion | Rp196.87 Billion | Rp1.61 Trillion | ▼ -2.1 pp |
| 2017 | 123.6% | Rp-1.21 Trillion | Rp-975.66 Billion | Rp272.59 Billion | Rp1.48 Trillion | ▲ +16.6 pp |
| 2016 | 107.1% | Rp-825.75 Billion | Rp-771.19 Billion | Rp377.08 Billion | Rp1.20 Trillion | ▼ -60.7 pp |
| 2015 | 167.8% | Rp-53.09 Million | Rp-31.65 Million | Rp22.09 Million | Rp75.18 Million | ▼ -26.3 pp |
| 2014 | 194.1% | Rp-42.12 Million | Rp-21.70 Million | Rp29.25 Million | Rp71.37 Million | ▲ +286.9 pp |
| 2013 | -92.9% | Rp-303.56 Billion | Rp326.92 Billion | Rp628.81 Billion | Rp932.37 Billion | ▼ -45.4 pp |
| 2012 | -47.5% | Rp-105.19 Billion | Rp221.47 Billion | Rp392.90 Billion | Rp498.08 Billion | ▼ -54.8 pp |
| 2011 | 7.3% | Rp7.56 Billion | Rp103.42 Billion | Rp298.33 Billion | Rp290.77 Billion | ▲ +67.1 pp |
| 2010 | -59.8% | Rp-126.78 Billion | Rp211.90 Billion | Rp197.51 Billion | Rp324.30 Billion | ▲ +234.4 pp |
| 2009 | -294.3% | Rp-108.06 Billion | Rp36.72 Billion | Rp176.89 Billion | Rp284.96 Billion | — |