Baillie Gifford Japan Trust (BGFD) — Working Capital to Net Assets Ratio
Baillie Gifford Japan Trust (BGFD) has a Working Capital to Net Assets ratio of -12.6% as of February 2026. Working capital of GBX-99.12 Million (current assets of GBX15.66 Million minus current liabilities of GBX114.78 Million) is measured against net assets of GBX784.35 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Baillie Gifford Japan Trust Working Capital to Net Assets (2006–2025)
This chart shows how Baillie Gifford Japan Trust's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of February 2026, the ratio stands at -12.6%, reflecting working capital of GBX-99.12 Million against net assets of GBX784.35 Million GBX. Explore Baillie Gifford Japan Trust long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Working Capital to Net Assets for Baillie Gifford Japan Trust (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Baillie Gifford Japan Trust from 2006 to 2025, covering 20 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 Baillie Gifford Japan Trust asset portfolio.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 2.2% | GBX17.72 Million | GBX788.15 Million | GBX17.99 Million | GBX270.00K | ▲ +20.7 pp |
| 2024 | -18.4% | GBX-137.90 Million | GBX748.38 Million | GBX8.24 Million | GBX146.13 Million | ▼ -19.3 pp |
| 2023 | 0.8% | GBX6.20 Million | GBX732.96 Million | GBX7.84 Million | GBX1.64 Million | ▲ +11.2 pp |
| 2022 | -10.3% | GBX-81.69 Million | GBX791.01 Million | GBX13.20 Million | GBX94.89 Million | ▼ -14.9 pp |
| 2021 | 4.6% | GBX43.93 Million | GBX955.40 Million | GBX46.40 Million | GBX2.47 Million | ▼ -10.7 pp |
| 2020 | 15.3% | GBX118.46 Million | GBX772.39 Million | GBX120.06 Million | GBX1.60 Million | ▲ +17.5 pp |
| 2019 | -2.1% | GBX-15.60 Million | GBX732.11 Million | GBX41.81 Million | GBX57.41 Million | ▼ -5.9 pp |
| 2018 | 3.8% | GBX28.55 Million | GBX756.10 Million | GBX32.49 Million | GBX3.94 Million | ▲ +8.4 pp |
| 2017 | -4.6% | GBX-26.61 Million | GBX575.22 Million | GBX11.37 Million | GBX37.98 Million | ▲ +0.1 pp |
| 2016 | -4.8% | GBX-20.27 Million | GBX425.00 Million | GBX4.40 Million | GBX24.68 Million | ▼ -2.4 pp |
| 2015 | -2.4% | GBX-7.79 Million | GBX323.15 Million | GBX9.09 Million | GBX16.87 Million | ▼ -4.1 pp |
| 2014 | 1.7% | GBX4.17 Million | GBX248.71 Million | GBX5.60 Million | GBX1.43 Million | ▲ +9.8 pp |
| 2013 | -8.1% | GBX-17.08 Million | GBX210.38 Million | GBX3.42 Million | GBX20.50 Million | ▼ -5.4 pp |
| 2012 | -2.7% | GBX-3.66 Million | GBX134.59 Million | GBX4.22 Million | GBX7.87 Million | ▼ -5.7 pp |
| 2011 | 2.9% | GBX3.93 Million | GBX133.71 Million | GBX4.35 Million | GBX419.00K | ▲ +9.9 pp |
| 2010 | -6.9% | GBX-8.06 Million | GBX116.13 Million | GBX6.30 Million | GBX14.36 Million | ▼ -11.3 pp |
| 2009 | 4.4% | GBX5.07 Million | GBX115.29 Million | GBX6.39 Million | GBX1.33 Million | ▼ -2.7 pp |
| 2008 | 7.1% | GBX7.89 Million | GBX111.39 Million | GBX10.84 Million | GBX2.95 Million | ▲ +8.7 pp |
| 2007 | -1.6% | GBX-2.16 Million | GBX136.17 Million | GBX2.60 Million | GBX4.76 Million | ▼ -2.1 pp |
| 2006 | 0.5% | GBX785.00K | GBX147.68 Million | GBX4.88 Million | GBX4.10 Million | — |