BAE Systems plc Working Capital to Net Assets Ratio
BAE Systems plc working capital to net assets ratio. BAE Systems plc (BA) has a Working Capital to Net Assets ratio of -1.3% as of December 2025. Working capital of GBX-156.00 Million (current assets of GBX12.15 Billion minus current liabilities of GBX12.30 Billion) is measured against net assets of GBX11.94 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check BA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of BAE Systems plc (1985–2025)
Working capital to net assets ratio of BAE Systems plc from 1985 to 2025. This chart shows how BAE Systems plc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at -1.3%, reflecting working capital of GBX-156.00 Million against net assets of GBX11.94 Billion GBX. See BAE Systems plc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
BAE Systems plc Working Capital to Net Assets Ratio by Year (1985–2025)
BAE Systems plc working capital to net assets ratio by year from 1985 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for BAE Systems plc from 1985 to 2025, covering 41 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 the complete balance sheet picture, see BAE Systems plc assets under control.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1.3% | GBX-156.00 Million | GBX11.94 Billion | GBX12.15 Billion | GBX12.30 Billion | ▲ +3.7 pp |
| 2024 | -5.0% | GBX-589.00 Million | GBX11.78 Billion | GBX11.75 Billion | GBX12.34 Billion | ▼ -12.7 pp |
| 2023 | 7.7% | GBX830.00 Million | GBX10.72 Billion | GBX11.77 Billion | GBX10.94 Billion | ▲ +1.4 pp |
| 2022 | 6.4% | GBX788.00 Million | GBX12.40 Billion | GBX10.63 Billion | GBX9.85 Billion | ▲ +4.9 pp |
| 2021 | 1.4% | GBX122.00 Million | GBX8.47 Billion | GBX8.82 Billion | GBX8.70 Billion | ▲ +1.0 pp |
| 2020 | 0.4% | GBX23.00 Million | GBX5.60 Billion | GBX9.41 Billion | GBX9.38 Billion | ▼ -1.4 pp |
| 2019 | 1.8% | GBX111.00 Million | GBX6.04 Billion | GBX9.24 Billion | GBX9.13 Billion | ▼ -3.3 pp |
| 2018 | 5.2% | GBX291.00 Million | GBX5.62 Billion | GBX9.58 Billion | GBX9.29 Billion | ▼ -11.4 pp |
| 2017 | 16.6% | GBX789.00 Million | GBX4.75 Billion | GBX8.38 Billion | GBX7.59 Billion | ▲ +24.4 pp |
| 2016 | -7.8% | GBX-270.00 Million | GBX3.46 Billion | GBX7.03 Billion | GBX7.30 Billion | ▲ +19.6 pp |
| 2015 | -27.3% | GBX-821.00 Million | GBX3.00 Billion | GBX6.33 Billion | GBX7.15 Billion | ▲ +82.8 pp |
| 2014 | -110.2% | GBX-2.07 Billion | GBX1.88 Billion | GBX5.98 Billion | GBX8.04 Billion | ▼ -43.6 pp |
| 2013 | -66.6% | GBX-2.28 Billion | GBX3.42 Billion | GBX6.17 Billion | GBX8.45 Billion | ▼ -15.2 pp |
| 2012 | -51.4% | GBX-1.94 Billion | GBX3.77 Billion | GBX6.98 Billion | GBX8.92 Billion | ▲ +39.2 pp |
| 2011 | -90.6% | GBX-3.89 Billion | GBX4.30 Billion | GBX6.38 Billion | GBX10.28 Billion | ▼ -15.8 pp |
| 2010 | -74.8% | GBX-4.04 Billion | GBX5.40 Billion | GBX7.62 Billion | GBX11.66 Billion | ▼ -3.3 pp |
| 2009 | -71.5% | GBX-3.34 Billion | GBX4.66 Billion | GBX8.80 Billion | GBX12.14 Billion | ▼ -34.2 pp |
| 2008 | -37.3% | GBX-2.72 Billion | GBX7.29 Billion | GBX8.07 Billion | GBX10.79 Billion | ▲ +5.3 pp |
| 2007 | -42.6% | GBX-2.56 Billion | GBX6.00 Billion | GBX7.00 Billion | GBX9.55 Billion | ▼ -3.0 pp |
| 2006 | -39.6% | GBX-1.64 Billion | GBX4.13 Billion | GBX6.30 Billion | GBX7.94 Billion | ▲ +77.0 pp |
| 2005 | -116.6% | GBX-3.27 Billion | GBX2.80 Billion | GBX5.65 Billion | GBX8.92 Billion | ▼ -24.9 pp |
| 2004 | -91.7% | GBX-2.44 Billion | GBX2.67 Billion | GBX5.11 Billion | GBX7.55 Billion | ▼ -79.8 pp |
| 2003 | -12.0% | GBX-672.00 Million | GBX5.61 Billion | GBX5.95 Billion | GBX6.62 Billion | ▼ -1.3 pp |
| 2002 | -10.7% | GBX-607.00 Million | GBX5.68 Billion | GBX5.95 Billion | GBX6.56 Billion | ▼ -18.6 pp |
| 2001 | 7.9% | GBX527.00 Million | GBX6.66 Billion | GBX7.06 Billion | GBX6.54 Billion | ▲ +9.7 pp |
| 2000 | -1.7% | GBX-123.00 Million | GBX7.08 Billion | GBX7.02 Billion | GBX7.14 Billion | ▼ -19.8 pp |
| 1999 | 18.1% | GBX1.35 Billion | GBX7.45 Billion | GBX8.24 Billion | GBX6.90 Billion | ▼ -90.3 pp |
| 1998 | 108.3% | GBX2.19 Billion | GBX2.03 Billion | GBX6.53 Billion | GBX4.33 Billion | ▼ -32.6 pp |
| 1997 | 140.9% | GBX2.05 Billion | GBX1.45 Billion | GBX5.66 Billion | GBX3.62 Billion | ▲ +28.0 pp |
| 1996 | 112.9% | GBX1.93 Billion | GBX1.71 Billion | GBX5.62 Billion | GBX3.70 Billion | ▼ -132.6 pp |
| 1995 | 245.5% | GBX2.31 Billion | GBX939.00 Million | GBX5.83 Billion | GBX3.53 Billion | ▼ -33.7 pp |
| 1994 | 279.2% | GBX2.39 Billion | GBX856.00 Million | GBX5.67 Billion | GBX3.28 Billion | ▲ +128.0 pp |
| 1993 | 151.2% | GBX2.34 Billion | GBX1.55 Billion | GBX7.30 Billion | GBX4.96 Billion | ▲ +12.4 pp |
| 1992 | 138.8% | GBX2.80 Billion | GBX2.02 Billion | GBX7.19 Billion | GBX4.39 Billion | ▲ +72.2 pp |
| 1991 | 66.6% | GBX1.97 Billion | GBX2.96 Billion | GBX6.50 Billion | GBX4.52 Billion | ▲ +18.1 pp |
| 1990 | 48.5% | GBX1.38 Billion | GBX2.86 Billion | GBX6.01 Billion | GBX4.62 Billion | ▼ -14.1 pp |
| 1989 | 62.6% | GBX1.56 Billion | GBX2.50 Billion | GBX6.18 Billion | GBX4.62 Billion | ▲ +13.2 pp |
| 1988 | 49.3% | GBX1.04 Billion | GBX2.11 Billion | GBX3.99 Billion | GBX2.94 Billion | ▼ -48.9 pp |
| 1987 | 98.2% | GBX1.00 Billion | GBX1.02 Billion | GBX3.33 Billion | GBX2.33 Billion | ▲ +2.5 pp |
| 1986 | 95.8% | GBX1.17 Billion | GBX1.22 Billion | GBX2.68 Billion | GBX1.51 Billion | ▲ +0.2 pp |
| 1985 | 95.5% | GBX1.13 Billion | GBX1.19 Billion | GBX2.18 Billion | GBX1.05 Billion | — |