Perusahaan Gas Negara Persero (PGAS) — Working Capital to Net Assets Ratio
Perusahaan Gas Negara Persero (PGAS) has a Working Capital to Net Assets ratio of 25.7% as of September 2025. Working capital of Rp15.48 Trillion (current assets of Rp32.02 Trillion minus current liabilities of Rp16.54 Trillion) is measured against net assets of Rp60.17 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Perusahaan Gas Negara Persero financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Perusahaan Gas Negara Persero Working Capital to Net Assets (2004–2024)
This chart shows how Perusahaan Gas Negara Persero's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 25.7%, reflecting working capital of Rp15.48 Trillion against net assets of Rp60.17 Trillion IDR. See how many days can Perusahaan Gas Negara Persero fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Perusahaan Gas Negara Persero (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Perusahaan Gas Negara Persero from 2004 to 2024, covering 21 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 Perusahaan Gas Negara Persero market cap and net worth.
| Year | WC/NA Ratio | Working Capital (IDR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 23.2% | Rp852.47 Million | Rp3.67 Billion | Rp1.99 Billion | Rp1.13 Billion | ▲ +11.1 pp |
| 2023 | 12.1% | Rp430.01 Million | Rp3.54 Billion | Rp1.89 Billion | Rp1.46 Billion | ▼ -23.3 pp |
| 2022 | 35.4% | Rp1.22 Billion | Rp3.44 Billion | Rp2.21 Billion | Rp992.57 Million | ▼ -4.4 pp |
| 2021 | 39.9% | Rp1.31 Billion | Rp3.28 Billion | Rp2.19 Billion | Rp880.91 Million | ▲ +12.1 pp |
| 2020 | 27.8% | Rp822.63 Million | Rp2.96 Billion | Rp2.01 Billion | Rp1.18 Billion | ▼ -5.7 pp |
| 2019 | 33.6% | Rp1.09 Billion | Rp3.23 Billion | Rp2.21 Billion | Rp1.12 Billion | ▲ +6.4 pp |
| 2018 | 27.1% | Rp869.08 Million | Rp3.20 Billion | Rp2.47 Billion | Rp1.60 Billion | ▼ -14.9 pp |
| 2017 | 42.1% | Rp1.34 Billion | Rp3.19 Billion | Rp1.81 Billion | Rp466.66 Million | ▲ +0.8 pp |
| 2016 | 41.3% | Rp1.31 Billion | Rp3.17 Billion | Rp2.12 Billion | Rp815.37 Million | ▲ +6.4 pp |
| 2015 | 34.9% | Rp1.06 Billion | Rp3.02 Billion | Rp1.72 Billion | Rp667.32 Million | ▲ +8.9 pp |
| 2014 | 26.0% | Rp770.20 Million | Rp2.96 Billion | Rp1.86 Billion | Rp1.09 Billion | ▼ -6.8 pp |
| 2013 | 32.8% | Rp894.73 Million | Rp2.73 Billion | Rp1.78 Billion | Rp885.80 Million | ▼ -31.4 pp |
| 2012 | 64.2% | Rp1.51 Billion | Rp2.35 Billion | Rp1.98 Billion | Rp472.75 Million | ▼ -0.8 pp |
| 2011 | 65.0% | Rp1.23 Billion | Rp1.90 Billion | Rp1.51 Billion | Rp274.16 Million | ▼ 0.0 pp |
| 2010 | 65.0% | Rp1.08 Billion | Rp1.66 Billion | Rp1.52 Billion | Rp442.72 Million | ▲ +21.7 pp |
| 2009 | 43.3% | Rp587.12 Million | Rp1.36 Billion | Rp982.85 Million | Rp395.73 Million | ▼ -4.9 pp |
| 2008 | 48.2% | Rp351.14 Million | Rp727.79 Million | Rp649.61 Million | Rp298.47 Million | ▲ +40.5 pp |
| 2007 | 7.8% | Rp58.14 Million | Rp749.21 Million | Rp395.58 Million | Rp337.45 Million | ▼ -2.2 pp |
| 2006 | 10.0% | Rp68.29 Million | Rp682.68 Million | Rp219.61 Million | Rp151.32 Million | ▼ -64.8 pp |
| 2005 | 74.8% | Rp373.10 Million | Rp499.03 Million | Rp517.26 Million | Rp144.17 Million | ▼ -19.6 pp |
| 2004 | 94.3% | Rp377.41 Million | Rp400.16 Million | Rp514.10 Million | Rp136.68 Million | — |