Associated British Foods PLC (ABF) — Working Capital to Net Assets Ratio
Associated British Foods PLC (ABF) has a Working Capital to Net Assets ratio of 19.4% as of August 2025. Working capital of GBX2.17 Billion (current assets of GBX6.20 Billion minus current liabilities of GBX4.04 Billion) is measured against net assets of GBX11.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ABF equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Associated British Foods PLC Working Capital to Net Assets (1986–2025)
This chart shows how Associated British Foods PLC's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of August 2025, the ratio stands at 19.4%, reflecting working capital of GBX2.17 Billion against net assets of GBX11.19 Billion GBX. Check ABF goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Associated British Foods PLC (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Associated British Foods PLC from 1986 to 2025, covering 40 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 Associated British Foods PLC (ABF) market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 19.4% | GBX2.17 Billion | GBX11.19 Billion | GBX6.20 Billion | GBX4.04 Billion | ▼ -5.9 pp |
| 2024 | 25.3% | GBX2.85 Billion | GBX11.28 Billion | GBX6.52 Billion | GBX3.67 Billion | ▼ -2.0 pp |
| 2023 | 27.2% | GBX3.05 Billion | GBX11.19 Billion | GBX6.74 Billion | GBX3.69 Billion | ▼ -5.5 pp |
| 2022 | 32.7% | GBX3.78 Billion | GBX11.55 Billion | GBX7.83 Billion | GBX4.05 Billion | ▲ +4.5 pp |
| 2021 | 28.2% | GBX2.82 Billion | GBX10.00 Billion | GBX6.11 Billion | GBX3.28 Billion | ▲ +0.7 pp |
| 2020 | 27.5% | GBX2.60 Billion | GBX9.44 Billion | GBX5.75 Billion | GBX3.15 Billion | ▲ +1.1 pp |
| 2019 | 26.5% | GBX2.53 Billion | GBX9.55 Billion | GBX5.60 Billion | GBX3.07 Billion | ▲ +4.6 pp |
| 2018 | 21.9% | GBX2.04 Billion | GBX9.30 Billion | GBX5.29 Billion | GBX3.25 Billion | ▼ -2.3 pp |
| 2017 | 24.2% | GBX2.04 Billion | GBX8.41 Billion | GBX5.19 Billion | GBX3.15 Billion | ▲ +6.1 pp |
| 2016 | 18.1% | GBX1.29 Billion | GBX7.12 Billion | GBX4.44 Billion | GBX3.15 Billion | ▲ +1.1 pp |
| 2015 | 17.0% | GBX1.11 Billion | GBX6.51 Billion | GBX3.85 Billion | GBX2.74 Billion | ▲ +3.0 pp |
| 2014 | 14.0% | GBX942.00 Million | GBX6.71 Billion | GBX3.63 Billion | GBX2.68 Billion | ▲ +0.3 pp |
| 2013 | 13.8% | GBX898.00 Million | GBX6.52 Billion | GBX3.42 Billion | GBX2.53 Billion | ▲ +2.9 pp |
| 2012 | 10.9% | GBX681.00 Million | GBX6.24 Billion | GBX3.27 Billion | GBX2.59 Billion | ▲ +0.9 pp |
| 2011 | 10.1% | GBX621.00 Million | GBX6.17 Billion | GBX3.16 Billion | GBX2.54 Billion | ▼ -1.6 pp |
| 2010 | 11.6% | GBX668.00 Million | GBX5.74 Billion | GBX2.79 Billion | GBX2.13 Billion | ▲ +0.7 pp |
| 2009 | 10.9% | GBX555.00 Million | GBX5.08 Billion | GBX3.02 Billion | GBX2.46 Billion | ▼ -8.4 pp |
| 2008 | 19.4% | GBX938.00 Million | GBX4.84 Billion | GBX2.78 Billion | GBX1.84 Billion | ▲ +1.0 pp |
| 2007 | 18.3% | GBX818.00 Million | GBX4.46 Billion | GBX2.26 Billion | GBX1.44 Billion | ▲ +8.1 pp |
| 2006 | 10.2% | GBX427.00 Million | GBX4.18 Billion | GBX2.10 Billion | GBX1.67 Billion | ▼ -17.4 pp |
| 2005 | 27.6% | GBX1.07 Billion | GBX3.88 Billion | GBX2.44 Billion | GBX1.37 Billion | ▼ -26.2 pp |
| 2004 | 53.8% | GBX1.88 Billion | GBX3.50 Billion | GBX2.78 Billion | GBX897.00 Million | ▼ -3.4 pp |
| 2003 | 57.2% | GBX1.89 Billion | GBX3.30 Billion | GBX2.77 Billion | GBX885.00 Million | ▲ +0.1 pp |
| 2002 | 57.1% | GBX1.75 Billion | GBX3.07 Billion | GBX2.55 Billion | GBX800.00 Million | ▲ +2.8 pp |
| 2001 | 54.3% | GBX1.56 Billion | GBX2.87 Billion | GBX2.31 Billion | GBX754.00 Million | ▲ +4.0 pp |
| 2000 | 50.3% | GBX1.43 Billion | GBX2.84 Billion | GBX2.22 Billion | GBX792.00 Million | ▲ +2.9 pp |
| 1999 | 47.3% | GBX1.30 Billion | GBX2.75 Billion | GBX2.04 Billion | GBX733.00 Million | ▼ -12.2 pp |
| 1998 | 59.5% | GBX1.82 Billion | GBX3.06 Billion | GBX2.55 Billion | GBX726.00 Million | ▼ -0.9 pp |
| 1997 | 60.4% | GBX1.81 Billion | GBX2.99 Billion | GBX2.58 Billion | GBX773.00 Million | ▲ +17.6 pp |
| 1996 | 42.8% | GBX1.08 Billion | GBX2.53 Billion | GBX1.99 Billion | GBX908.00 Million | ▲ +2.3 pp |
| 1995 | 40.5% | GBX941.00 Million | GBX2.32 Billion | GBX1.79 Billion | GBX849.00 Million | ▼ -1.6 pp |
| 1994 | 42.1% | GBX902.00 Million | GBX2.14 Billion | GBX1.76 Billion | GBX855.00 Million | ▲ +4.5 pp |
| 1993 | 37.6% | GBX723.00 Million | GBX1.92 Billion | GBX1.56 Billion | GBX841.00 Million | ▲ +3.0 pp |
| 1992 | 34.7% | GBX604.00 Million | GBX1.74 Billion | GBX1.43 Billion | GBX826.00 Million | ▼ -0.5 pp |
| 1991 | 35.1% | GBX588.90 Million | GBX1.68 Billion | GBX1.49 Billion | GBX901.40 Million | ▼ -22.8 pp |
| 1990 | 57.9% | GBX1.13 Billion | GBX1.96 Billion | GBX1.62 Billion | GBX487.90 Million | ▲ +2.2 pp |
| 1989 | 55.7% | GBX965.30 Million | GBX1.73 Billion | GBX1.43 Billion | GBX460.60 Million | ▲ +0.4 pp |
| 1988 | 55.3% | GBX860.10 Million | GBX1.55 Billion | GBX1.30 Billion | GBX440.10 Million | ▼ -14.2 pp |
| 1987 | 69.5% | GBX1.04 Billion | GBX1.49 Billion | GBX1.42 Billion | GBX379.00 Million | ▲ +39.8 pp |
| 1986 | 29.8% | GBX277.60 Million | GBX932.00 Million | GBX799.40 Million | GBX521.80 Million | — |