Bell Equipment Limited (BEL) — Working Capital to Net Assets Ratio
Bell Equipment Limited (BEL) has a Working Capital to Net Assets ratio of 81.2% as of June 2025. Working capital of ZAC4.79 Billion (current assets of ZAC7.12 Billion minus current liabilities of ZAC2.33 Billion) is measured against net assets of ZAC5.90 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Bell Equipment Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bell Equipment Limited Working Capital to Net Assets (2002–2024)
This chart shows how Bell Equipment Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of June 2025, the ratio stands at 81.2%, reflecting working capital of ZAC4.79 Billion against net assets of ZAC5.90 Billion ZAC. See Bell Equipment Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Bell Equipment Limited (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bell Equipment Limited from 2002 to 2024, covering 23 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 Bell Equipment Limited (BEL) total market value.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 81.2% | ZAC4.61 Billion | ZAC5.68 Billion | ZAC7.05 Billion | ZAC2.45 Billion | ▼ 0.0 pp |
| 2023 | 81.2% | ZAC4.29 Billion | ZAC5.29 Billion | ZAC8.51 Billion | ZAC4.22 Billion | ▲ +4.6 pp |
| 2022 | 76.6% | ZAC3.34 Billion | ZAC4.37 Billion | ZAC6.76 Billion | ZAC3.41 Billion | ▲ +5.3 pp |
| 2021 | 71.2% | ZAC2.75 Billion | ZAC3.86 Billion | ZAC5.13 Billion | ZAC2.38 Billion | ▲ +2.2 pp |
| 2020 | 69.0% | ZAC2.42 Billion | ZAC3.50 Billion | ZAC4.79 Billion | ZAC2.38 Billion | ▲ +0.0 pp |
| 2019 | 69.0% | ZAC2.37 Billion | ZAC3.44 Billion | ZAC5.40 Billion | ZAC3.03 Billion | ▼ -9.1 pp |
| 2018 | 78.1% | ZAC2.63 Billion | ZAC3.37 Billion | ZAC5.18 Billion | ZAC2.55 Billion | ▲ +3.5 pp |
| 2017 | 74.6% | ZAC2.23 Billion | ZAC2.99 Billion | ZAC4.25 Billion | ZAC2.02 Billion | ▲ +0.2 pp |
| 2016 | 74.3% | ZAC2.05 Billion | ZAC2.76 Billion | ZAC3.48 Billion | ZAC1.43 Billion | ▼ -1.0 pp |
| 2015 | 75.4% | ZAC2.26 Billion | ZAC3.00 Billion | ZAC3.83 Billion | ZAC1.56 Billion | ▲ +6.8 pp |
| 2014 | 68.6% | ZAC1.74 Billion | ZAC2.54 Billion | ZAC3.48 Billion | ZAC1.74 Billion | ▼ -2.9 pp |
| 2013 | 71.5% | ZAC1.78 Billion | ZAC2.49 Billion | ZAC3.80 Billion | ZAC2.02 Billion | ▼ -4.8 pp |
| 2012 | 76.3% | ZAC1.58 Billion | ZAC2.07 Billion | ZAC2.72 Billion | ZAC1.14 Billion | ▼ -4.7 pp |
| 2011 | 81.0% | ZAC1.44 Billion | ZAC1.78 Billion | ZAC3.13 Billion | ZAC1.69 Billion | ▲ +14.7 pp |
| 2010 | 66.3% | ZAC940.78 Million | ZAC1.42 Billion | ZAC1.91 Billion | ZAC971.03 Million | ▼ -3.9 pp |
| 2009 | 70.2% | ZAC996.64 Million | ZAC1.42 Billion | ZAC2.13 Billion | ZAC1.13 Billion | ▼ -7.7 pp |
| 2008 | 77.9% | ZAC1.38 Billion | ZAC1.77 Billion | ZAC3.26 Billion | ZAC1.88 Billion | ▼ -3.4 pp |
| 2007 | 81.3% | ZAC1.12 Billion | ZAC1.38 Billion | ZAC2.41 Billion | ZAC1.29 Billion | ▲ +3.2 pp |
| 2006 | 78.0% | ZAC744.97 Million | ZAC954.91 Million | ZAC1.67 Billion | ZAC928.97 Million | ▲ +7.5 pp |
| 2005 | 70.5% | ZAC492.89 Million | ZAC699.26 Million | ZAC1.35 Billion | ZAC852.95 Million | ▲ +1.3 pp |
| 2004 | 69.2% | ZAC484.43 Million | ZAC700.12 Million | ZAC1.33 Billion | ZAC843.57 Million | ▼ -2.9 pp |
| 2003 | 72.1% | ZAC512.78 Million | ZAC711.26 Million | ZAC1.17 Billion | ZAC658.18 Million | ▼ -4.0 pp |
| 2002 | 76.1% | ZAC545.88 Million | ZAC717.69 Million | ZAC1.15 Billion | ZAC599.17 Million | — |