Garuda Indonesia Persero Tbk (GIAA) — Working Capital to Net Assets Ratio
Garuda Indonesia Persero Tbk (GIAA) has a Working Capital to Net Assets ratio of 36.6% as of September 2025. Working capital of Rp-9.38 Trillion (current assets of Rp11.42 Trillion minus current liabilities of Rp20.80 Trillion) is measured against net assets of Rp-25.62 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Garuda Indonesia Persero Tbk to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Garuda Indonesia Persero Tbk Working Capital to Net Assets (2005–2024)
This chart shows how Garuda Indonesia Persero Tbk's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2005 to 2024. As of September 2025, the ratio stands at 36.6%, reflecting working capital of Rp-9.38 Trillion against net assets of Rp-25.62 Trillion IDR. Check how tangible is Garuda Indonesia Persero Tbk's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Garuda Indonesia Persero Tbk (2005–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Garuda Indonesia Persero Tbk from 2005 to 2024, covering 20 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 market cap of Garuda Indonesia Persero Tbk.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 45.8% | Rp-619.36 Million | Rp-1.35 Billion | Rp553.91 Million | Rp1.17 Billion | ▲ +5.9 pp |
| 2023 | 39.9% | Rp-511.38 Million | Rp-1.28 Billion | Rp653.77 Million | Rp1.17 Billion | ▼ -17.5 pp |
| 2022 | 57.3% | Rp-879.88 Million | Rp-1.54 Billion | Rp801.15 Million | Rp1.68 Billion | ▼ -32.1 pp |
| 2021 | 89.5% | Rp-5.47 Billion | Rp-6.11 Billion | Rp305.73 Million | Rp5.77 Billion | ▼ -104.0 pp |
| 2020 | 193.4% | Rp-3.76 Billion | Rp-1.94 Billion | Rp536.55 Million | Rp4.29 Billion | ▲ +488.2 pp |
| 2019 | -294.7% | Rp-2.12 Billion | Rp720.62 Million | Rp1.13 Billion | Rp3.26 Billion | ▼ -174.5 pp |
| 2018 | -120.2% | Rp-1.09 Billion | Rp910.19 Million | Rp1.36 Billion | Rp2.45 Billion | ▼ -20.5 pp |
| 2017 | -99.7% | Rp-935.10 Million | Rp937.47 Million | Rp986.74 Million | Rp1.92 Billion | ▼ -60.3 pp |
| 2016 | -39.5% | Rp-398.44 Million | Rp1.01 Billion | Rp1.17 Billion | Rp1.56 Billion | ▼ -19.7 pp |
| 2015 | -19.8% | Rp-188.00 Million | Rp950.72 Million | Rp1.01 Billion | Rp1.20 Billion | ▲ +24.8 pp |
| 2014 | -44.6% | Rp-408.85 Million | Rp916.71 Million | Rp810.51 Million | Rp1.22 Billion | ▼ -29.9 pp |
| 2013 | -14.7% | Rp-164.76 Million | Rp1.12 Billion | Rp819.13 Million | Rp983.89 Million | ▼ -4.2 pp |
| 2012 | -10.6% | Rp-117.64 Million | Rp1.11 Billion | Rp636.57 Million | Rp754.21 Million | ▼ -22.7 pp |
| 2011 | 12.2% | Rp101.25 Million | Rp833.20 Million | Rp748.96 Million | Rp647.71 Million | ▲ +50.9 pp |
| 2010 | -38.7% | Rp-147.46 Million | Rp380.60 Million | Rp427.50 Million | Rp574.97 Million | ▲ +27.5 pp |
| 2009 | -66.3% | Rp-226.54 Million | Rp341.75 Million | Rp446.95 Million | Rp673.49 Million | ▲ +354.8 pp |
| 2008 | -421.1% | Rp-115.05 Million | Rp27.32 Million | Rp434.30 Million | Rp549.35 Million | ▼ -372.4 pp |
| 2007 | -48.7% | Rp-95.00 Million | Rp194.88 Million | Rp574.47 Million | Rp669.46 Million | ▲ +172.5 pp |
| 2006 | -221.2% | Rp-184.70 Million | Rp83.49 Million | Rp402.98 Million | Rp587.68 Million | ▲ +165.6 pp |
| 2005 | -386.8% | Rp-179.50 Million | Rp46.41 Million | Rp318.18 Million | Rp497.68 Million | — |