BHP Group Limited (BHP) — Working Capital to Net Assets Ratio
BHP Group Limited (BHP) has a Working Capital to Net Assets ratio of 18.4% as of December 2025. Working capital of GBX10.21 Billion (current assets of GBX25.95 Billion minus current liabilities of GBX15.74 Billion) is measured against net assets of GBX55.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See BHP net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
BHP Group Limited Working Capital to Net Assets (1987–2025)
This chart shows how BHP Group Limited's Working Capital to Net Assets ratio has evolved across 39 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 18.4%, reflecting working capital of GBX10.21 Billion against net assets of GBX55.50 Billion GBX. Check BHP Group Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for BHP Group Limited (1987–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for BHP Group Limited from 1987 to 2025, covering 39 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 BHP Group Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 13.8% | GBX7.19 Billion | GBX52.22 Billion | GBX22.83 Billion | GBX15.64 Billion | ▼ -6.7 pp |
| 2024 | 20.4% | GBX10.04 Billion | GBX49.12 Billion | GBX24.34 Billion | GBX14.30 Billion | ▲ +11.6 pp |
| 2023 | 8.9% | GBX4.31 Billion | GBX48.53 Billion | GBX23.35 Billion | GBX19.04 Billion | ▼ -15.2 pp |
| 2022 | 24.1% | GBX11.74 Billion | GBX48.77 Billion | GBX28.66 Billion | GBX16.92 Billion | ▲ +5.6 pp |
| 2021 | 18.5% | GBX10.29 Billion | GBX55.60 Billion | GBX26.69 Billion | GBX16.40 Billion | ▲ +5.8 pp |
| 2020 | 12.7% | GBX6.65 Billion | GBX52.17 Billion | GBX21.47 Billion | GBX14.82 Billion | ▼ -8.6 pp |
| 2019 | 21.3% | GBX11.03 Billion | GBX51.82 Billion | GBX23.37 Billion | GBX12.34 Billion | ▼ -13.6 pp |
| 2018 | 34.8% | GBX21.14 Billion | GBX60.67 Billion | GBX35.13 Billion | GBX13.99 Billion | ▲ +19.4 pp |
| 2017 | 15.4% | GBX9.69 Billion | GBX62.73 Billion | GBX21.06 Billion | GBX11.37 Billion | ▲ +6.5 pp |
| 2016 | 8.9% | GBX5.37 Billion | GBX60.07 Billion | GBX17.71 Billion | GBX12.34 Billion | ▲ +4.0 pp |
| 2015 | 5.0% | GBX3.52 Billion | GBX70.55 Billion | GBX16.37 Billion | GBX12.85 Billion | ▲ +0.0 pp |
| 2014 | 5.0% | GBX4.23 Billion | GBX85.38 Billion | GBX22.30 Billion | GBX18.06 Billion | ▲ +6.6 pp |
| 2013 | -1.6% | GBX-1.19 Billion | GBX74.22 Billion | GBX18.95 Billion | GBX20.14 Billion | ▲ +0.8 pp |
| 2012 | -2.4% | GBX-1.58 Billion | GBX67.08 Billion | GBX20.45 Billion | GBX22.03 Billion | ▼ -12.0 pp |
| 2011 | 9.6% | GBX5.55 Billion | GBX57.76 Billion | GBX25.28 Billion | GBX19.73 Billion | ▼ -14.9 pp |
| 2010 | 24.5% | GBX12.09 Billion | GBX49.33 Billion | GBX25.13 Billion | GBX13.04 Billion | ▼ -1.6 pp |
| 2009 | 26.1% | GBX10.64 Billion | GBX40.71 Billion | GBX22.49 Billion | GBX11.85 Billion | ▲ +12.8 pp |
| 2008 | 13.3% | GBX5.20 Billion | GBX39.04 Billion | GBX21.56 Billion | GBX16.36 Billion | ▲ +10.5 pp |
| 2007 | 2.8% | GBX838.00 Million | GBX29.92 Billion | GBX11.09 Billion | GBX10.25 Billion | ▲ +3.1 pp |
| 2006 | -0.3% | GBX-85.00 Million | GBX24.45 Billion | GBX8.78 Billion | GBX8.86 Billion | ▲ +2.7 pp |
| 2005 | -3.1% | GBX-675.00 Million | GBX22.00 Billion | GBX7.84 Billion | GBX8.52 Billion | ▼ -9.4 pp |
| 2004 | 6.3% | GBX1.21 Billion | GBX19.16 Billion | GBX6.86 Billion | GBX5.66 Billion | ▲ +0.9 pp |
| 2003 | 5.4% | GBX933.00 Million | GBX17.16 Billion | GBX5.58 Billion | GBX4.65 Billion | ▲ +0.7 pp |
| 2002 | 4.7% | GBX595.00 Million | GBX12.68 Billion | GBX6.82 Billion | GBX6.23 Billion | ▼ -8.3 pp |
| 2001 | 13.0% | GBX1.52 Billion | GBX11.72 Billion | GBX6.76 Billion | GBX5.23 Billion | ▼ -3.3 pp |
| 2000 | 16.3% | GBX877.05 Million | GBX5.37 Billion | GBX2.39 Billion | GBX1.52 Billion | ▲ +20.0 pp |
| 1999 | -3.7% | GBX-224.00 Million | GBX6.11 Billion | GBX3.72 Billion | GBX3.94 Billion | ▼ -12.1 pp |
| 1998 | 8.4% | GBX653.00 Million | GBX7.77 Billion | GBX4.40 Billion | GBX3.74 Billion | ▲ +1.8 pp |
| 1997 | 6.6% | GBX818.00 Million | GBX12.37 Billion | GBX6.19 Billion | GBX5.37 Billion | ▲ +4.6 pp |
| 1996 | 2.0% | GBX253.10 Million | GBX12.57 Billion | GBX5.32 Billion | GBX5.06 Billion | ▼ -3.0 pp |
| 1995 | 5.1% | GBX536.90 Million | GBX10.63 Billion | GBX4.38 Billion | GBX3.85 Billion | ▲ +2.6 pp |
| 1994 | 2.4% | GBX230.60 Million | GBX9.53 Billion | GBX4.13 Billion | GBX3.90 Billion | ▲ +6.7 pp |
| 1993 | -4.3% | GBX-331.40 Million | GBX7.72 Billion | GBX3.39 Billion | GBX3.72 Billion | ▲ +12.4 pp |
| 1992 | -16.6% | GBX-1.06 Billion | GBX6.36 Billion | GBX3.55 Billion | GBX4.61 Billion | ▼ -12.7 pp |
| 1991 | -4.0% | GBX-210.00 Million | GBX5.28 Billion | GBX3.62 Billion | GBX3.83 Billion | ▼ -15.3 pp |
| 1990 | 11.3% | GBX661.70 Million | GBX5.85 Billion | GBX3.87 Billion | GBX3.21 Billion | ▼ -1.5 pp |
| 1989 | 12.8% | GBX689.20 Million | GBX5.38 Billion | GBX3.03 Billion | GBX2.34 Billion | ▲ +26.4 pp |
| 1988 | -13.6% | GBX-642.60 Million | GBX4.72 Billion | GBX3.59 Billion | GBX4.24 Billion | ▼ -19.5 pp |
| 1987 | 5.9% | GBX326.20 Million | GBX5.54 Billion | GBX2.43 Billion | GBX2.11 Billion | — |