British and American Investment Trust PLC (BAF) — Working Capital to Net Assets Ratio
British and American Investment Trust PLC (BAF) has a Working Capital to Net Assets ratio of -25.8% as of December 2025. Working capital of GBX-596.00K (current assets of GBX62.00K minus current liabilities of GBX658.00K) is measured against net assets of GBX2.31 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BAF FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
British and American Investment Trust PLC Working Capital to Net Assets (2003–2025)
This chart shows how British and American Investment Trust PLC's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at -25.8%, reflecting working capital of GBX-596.00K against net assets of GBX2.31 Million GBX. See BAF days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for British and American Investment Trust PLC (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for British and American Investment Trust PLC from 2003 to 2025, 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 British and American Investment Trust PL stock valuation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -25.8% | GBX-596.00K | GBX2.31 Million | GBX62.00K | GBX658.00K | ▲ +1.3 pp |
| 2024 | -27.1% | GBX-1.61 Million | GBX5.95 Million | GBX269.00K | GBX1.88 Million | ▲ +70.0 pp |
| 2023 | -97.1% | GBX-4.38 Million | GBX4.51 Million | GBX401.00K | GBX4.78 Million | ▼ -78.7 pp |
| 2022 | -18.4% | GBX-1.31 Million | GBX7.09 Million | GBX487.00K | GBX1.79 Million | ▲ +4.0 pp |
| 2021 | -22.5% | GBX-1.51 Million | GBX6.73 Million | GBX618.00K | GBX2.13 Million | ▼ -7.5 pp |
| 2020 | -14.9% | GBX-1.00 Million | GBX6.72 Million | GBX2.00 Million | GBX3.00 Million | ▼ -22.2 pp |
| 2019 | 7.3% | GBX475.00K | GBX6.50 Million | GBX4.09 Million | GBX3.62 Million | ▼ -32.0 pp |
| 2018 | 39.3% | GBX3.11 Million | GBX7.92 Million | GBX3.66 Million | GBX547.00K | ▲ +16.1 pp |
| 2017 | 23.2% | GBX3.60 Million | GBX15.53 Million | GBX4.61 Million | GBX1.01 Million | ▲ +19.3 pp |
| 2016 | 3.9% | GBX892.00K | GBX22.68 Million | GBX1.89 Million | GBX1.00 Million | ▲ +27.7 pp |
| 2015 | -23.8% | GBX-7.19 Million | GBX30.21 Million | GBX1.93 Million | GBX9.12 Million | ▼ -24.7 pp |
| 2014 | 0.9% | GBX242.00K | GBX27.13 Million | GBX1.66 Million | GBX1.41 Million | ▲ +0.3 pp |
| 2013 | 0.6% | GBX188.00K | GBX30.02 Million | GBX381.00K | GBX193.00K | ▼ -2.2 pp |
| 2012 | 2.8% | GBX665.00K | GBX23.34 Million | GBX1.89 Million | GBX1.22 Million | ▼ -4.9 pp |
| 2011 | 7.7% | GBX1.81 Million | GBX23.43 Million | GBX3.52 Million | GBX1.71 Million | ▲ +3.6 pp |
| 2010 | 4.1% | GBX1.32 Million | GBX32.20 Million | GBX3.52 Million | GBX2.20 Million | ▼ -1.2 pp |
| 2009 | 5.3% | GBX1.65 Million | GBX31.04 Million | GBX2.43 Million | GBX777.00K | ▼ -0.1 pp |
| 2008 | 5.4% | GBX1.52 Million | GBX28.19 Million | GBX3.07 Million | GBX1.54 Million | ▲ +0.9 pp |
| 2007 | 4.5% | GBX1.78 Million | GBX39.64 Million | GBX2.92 Million | GBX1.14 Million | ▲ +0.8 pp |
| 2006 | 3.7% | GBX1.77 Million | GBX47.65 Million | GBX2.11 Million | GBX336.00K | ▲ +2.8 pp |
| 2005 | 0.9% | GBX396.00K | GBX42.77 Million | GBX6.64 Million | GBX6.25 Million | ▼ -5.0 pp |
| 2004 | 6.0% | GBX2.26 Million | GBX37.87 Million | GBX2.41 Million | GBX155.00K | ▲ +3.7 pp |
| 2003 | 2.3% | GBX762.00K | GBX33.24 Million | GBX1.74 Million | GBX981.00K | — |