Woolworths Holdings Ltd (WHL) — Working Capital to Net Assets Ratio
Woolworths Holdings Ltd (WHL) has a Working Capital to Net Assets ratio of 23.0% as of June 2025. Working capital of ZAC2.47 Billion (current assets of ZAC14.74 Billion minus current liabilities of ZAC12.28 Billion) is measured against net assets of ZAC10.71 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Woolworths Holdings Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Woolworths Holdings Ltd Working Capital to Net Assets (2002–2025)
This chart shows how Woolworths Holdings Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2025, the ratio stands at 23.0%, reflecting working capital of ZAC2.47 Billion against net assets of ZAC10.71 Billion ZAC. See WHL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Woolworths Holdings Ltd (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Woolworths Holdings Ltd from 2002 to 2025, covering 24 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 Woolworths Holdings Ltd (WHL) market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 23.0% | ZAC2.47 Billion | ZAC10.71 Billion | ZAC14.74 Billion | ZAC12.28 Billion | ▲ +32.2 pp |
| 2024 | -9.1% | ZAC-998.00 Million | ZAC10.93 Billion | ZAC11.18 Billion | ZAC12.18 Billion | ▼ -11.6 pp |
| 2023 | 2.5% | ZAC300.00 Million | ZAC12.02 Billion | ZAC12.59 Billion | ZAC12.29 Billion | ▼ -12.1 pp |
| 2022 | 14.6% | ZAC1.73 Billion | ZAC11.80 Billion | ZAC16.13 Billion | ZAC14.40 Billion | ▲ +9.4 pp |
| 2021 | 5.2% | ZAC499.00 Million | ZAC9.59 Billion | ZAC15.45 Billion | ZAC14.96 Billion | ▲ +1.8 pp |
| 2020 | 3.4% | ZAC224.00 Million | ZAC6.51 Billion | ZAC16.03 Billion | ZAC15.81 Billion | ▼ -9.9 pp |
| 2019 | 13.4% | ZAC1.26 Billion | ZAC9.44 Billion | ZAC11.90 Billion | ZAC10.64 Billion | ▲ +16.8 pp |
| 2018 | -3.4% | ZAC-448.00 Million | ZAC13.13 Billion | ZAC11.50 Billion | ZAC11.95 Billion | ▼ -1.8 pp |
| 2017 | -1.6% | ZAC-304.00 Million | ZAC19.07 Billion | ZAC10.29 Billion | ZAC10.59 Billion | ▲ +1.6 pp |
| 2016 | -3.2% | ZAC-638.00 Million | ZAC19.85 Billion | ZAC10.34 Billion | ZAC10.98 Billion | ▲ +2.6 pp |
| 2015 | -5.8% | ZAC-835.00 Million | ZAC14.30 Billion | ZAC8.25 Billion | ZAC9.09 Billion | ▼ -15.6 pp |
| 2014 | 9.8% | ZAC678.00 Million | ZAC6.95 Billion | ZAC14.08 Billion | ZAC13.40 Billion | ▼ -6.7 pp |
| 2013 | 16.4% | ZAC971.00 Million | ZAC5.90 Billion | ZAC5.35 Billion | ZAC4.38 Billion | ▲ +0.3 pp |
| 2012 | 16.1% | ZAC738.00 Million | ZAC4.57 Billion | ZAC5.03 Billion | ZAC4.30 Billion | ▼ -19.0 pp |
| 2011 | 35.1% | ZAC1.44 Billion | ZAC4.09 Billion | ZAC4.95 Billion | ZAC3.51 Billion | ▲ +0.9 pp |
| 2010 | 34.2% | ZAC1.18 Billion | ZAC3.45 Billion | ZAC5.38 Billion | ZAC4.20 Billion | ▼ -30.1 pp |
| 2009 | 64.4% | ZAC1.98 Billion | ZAC3.07 Billion | ZAC4.87 Billion | ZAC2.89 Billion | ▲ +69.5 pp |
| 2008 | -5.2% | ZAC-185.70 Million | ZAC3.58 Billion | ZAC3.02 Billion | ZAC3.21 Billion | ▼ -103.8 pp |
| 2007 | 98.6% | ZAC3.24 Billion | ZAC3.29 Billion | ZAC7.49 Billion | ZAC4.25 Billion | ▼ -13.1 pp |
| 2006 | 111.8% | ZAC2.94 Billion | ZAC2.63 Billion | ZAC6.28 Billion | ZAC3.33 Billion | ▼ -42.0 pp |
| 2005 | 153.8% | ZAC3.26 Billion | ZAC2.12 Billion | ZAC5.09 Billion | ZAC1.84 Billion | ▼ -6334.1 pp |
| 2004 | 6487.9% | ZAC1.45 Billion | ZAC22.40 Million | ZAC3.99 Billion | ZAC2.54 Billion | ▲ +6439.8 pp |
| 2003 | 48.2% | ZAC1.16 Billion | ZAC2.41 Billion | ZAC3.24 Billion | ZAC2.07 Billion | ▲ +102.2 pp |
| 2002 | -54.0% | ZAC-1.27 Billion | ZAC2.35 Billion | ZAC118.50 Million | ZAC1.39 Billion | — |