Glencore PLC (GLN) — Working Capital to Net Assets Ratio
Glencore PLC (GLN) has a Working Capital to Net Assets ratio of 11.7% as of December 2025. Working capital of ZAC3.94 Billion (current assets of ZAC67.03 Billion minus current liabilities of ZAC63.09 Billion) is measured against net assets of ZAC33.61 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See GLN equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Glencore PLC Working Capital to Net Assets (2013–2025)
This chart shows how Glencore PLC's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 11.7%, reflecting working capital of ZAC3.94 Billion against net assets of ZAC33.61 Billion ZAC. Check tangible equity quality of Glencore PLC to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Glencore PLC (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Glencore PLC from 2013 to 2025, covering 13 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 GLN market cap overview.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 11.7% | ZAC3.94 Billion | ZAC33.61 Billion | ZAC67.03 Billion | ZAC63.09 Billion | ▼ -15.8 pp |
| 2024 | 27.5% | ZAC9.80 Billion | ZAC35.66 Billion | ZAC59.51 Billion | ZAC49.71 Billion | ▼ -10.6 pp |
| 2023 | 38.1% | ZAC14.56 Billion | ZAC38.24 Billion | ZAC64.04 Billion | ZAC49.48 Billion | ▲ +3.1 pp |
| 2022 | 34.9% | ZAC15.80 Billion | ZAC45.22 Billion | ZAC69.22 Billion | ZAC53.42 Billion | ▲ +12.4 pp |
| 2021 | 22.5% | ZAC8.32 Billion | ZAC36.92 Billion | ZAC57.78 Billion | ZAC49.46 Billion | ▲ +11.6 pp |
| 2020 | 11.0% | ZAC3.77 Billion | ZAC34.40 Billion | ZAC43.21 Billion | ZAC39.44 Billion | ▲ +4.8 pp |
| 2019 | 6.1% | ZAC2.40 Billion | ZAC39.24 Billion | ZAC41.41 Billion | ZAC39.01 Billion | ▼ -2.5 pp |
| 2018 | 8.6% | ZAC3.90 Billion | ZAC45.38 Billion | ZAC44.27 Billion | ZAC40.37 Billion | ▼ -2.2 pp |
| 2017 | 10.7% | ZAC5.31 Billion | ZAC49.45 Billion | ZAC49.73 Billion | ZAC44.41 Billion | ▲ +10.6 pp |
| 2016 | 0.1% | ZAC45.00 Million | ZAC43.78 Billion | ZAC43.41 Billion | ZAC43.37 Billion | ▼ -3.1 pp |
| 2015 | 3.2% | ZAC1.33 Billion | ZAC41.34 Billion | ZAC42.20 Billion | ZAC40.87 Billion | ▼ -14.8 pp |
| 2014 | 18.0% | ZAC9.27 Billion | ZAC51.48 Billion | ZAC53.22 Billion | ZAC43.95 Billion | ▼ -6.6 pp |
| 2013 | 24.6% | ZAC12.97 Billion | ZAC52.68 Billion | ZAC59.29 Billion | ZAC46.33 Billion | — |