Bellway PLC (BWY) — Working Capital to Net Assets Ratio
Bellway PLC (BWY) has a Working Capital to Net Assets ratio of 114.0% as of January 2026. Working capital of GBX4.02 Billion (current assets of GBX4.96 Billion minus current liabilities of GBX943.30 Million) is measured against net assets of GBX3.52 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Bellway PLC's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bellway PLC Working Capital to Net Assets (1986–2025)
This chart shows how Bellway PLC's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2025. As of January 2026, the ratio stands at 114.0%, reflecting working capital of GBX4.02 Billion against net assets of GBX3.52 Billion GBX. Check BWY tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Bellway PLC (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bellway PLC from 1986 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 live market cap and the full company profile, see Bellway PLC market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 113.2% | GBX4.02 Billion | GBX3.56 Billion | GBX5.09 Billion | GBX1.07 Billion | ▼ -1.6 pp |
| 2024 | 114.8% | GBX3.98 Billion | GBX3.47 Billion | GBX4.91 Billion | GBX933.50 Million | ▲ +0.0 pp |
| 2024 | 114.8% | GBX3.98 Billion | GBX3.47 Billion | GBX4.91 Billion | GBX933.50 Million | ▼ -1.6 pp |
| 2023 | 116.4% | GBX4.03 Billion | GBX3.46 Billion | GBX5.03 Billion | GBX1.01 Billion | ▼ -0.7 pp |
| 2022 | 117.1% | GBX3.94 Billion | GBX3.37 Billion | GBX4.91 Billion | GBX971.00 Million | ▲ +10.5 pp |
| 2021 | 106.5% | GBX3.50 Billion | GBX3.29 Billion | GBX4.57 Billion | GBX1.07 Billion | ▲ +5.4 pp |
| 2020 | 101.2% | GBX3.03 Billion | GBX2.99 Billion | GBX3.98 Billion | GBX955.80 Million | ▲ +0.6 pp |
| 2019 | 100.6% | GBX2.94 Billion | GBX2.92 Billion | GBX3.81 Billion | GBX869.30 Million | ▼ -0.5 pp |
| 2018 | 101.0% | GBX2.58 Billion | GBX2.56 Billion | GBX3.49 Billion | GBX902.54 Million | ▼ -2.2 pp |
| 2017 | 103.2% | GBX2.26 Billion | GBX2.19 Billion | GBX3.10 Billion | GBX837.60 Million | ▼ -0.2 pp |
| 2016 | 103.4% | GBX1.93 Billion | GBX1.87 Billion | GBX2.69 Billion | GBX757.61 Million | ▲ +2.6 pp |
| 2015 | 100.8% | GBX1.59 Billion | GBX1.58 Billion | GBX2.24 Billion | GBX653.13 Million | ▲ +1.2 pp |
| 2014 | 99.6% | GBX1.36 Billion | GBX1.37 Billion | GBX1.88 Billion | GBX521.98 Million | ▼ -0.2 pp |
| 2013 | 99.8% | GBX1.22 Billion | GBX1.22 Billion | GBX1.59 Billion | GBX378.71 Million | ▼ -1.1 pp |
| 2012 | 100.9% | GBX1.14 Billion | GBX1.13 Billion | GBX1.49 Billion | GBX349.36 Million | ▼ -5.6 pp |
| 2011 | 106.5% | GBX1.14 Billion | GBX1.07 Billion | GBX1.42 Billion | GBX273.00 Million | ▼ -0.9 pp |
| 2010 | 107.4% | GBX1.11 Billion | GBX1.03 Billion | GBX1.34 Billion | GBX228.49 Million | ▼ -2.4 pp |
| 2009 | 109.8% | GBX1.06 Billion | GBX965.01 Million | GBX1.31 Billion | GBX246.15 Million | ▼ -23.1 pp |
| 2008 | 132.9% | GBX1.33 Billion | GBX1.00 Billion | GBX1.67 Billion | GBX336.90 Million | ▲ +23.4 pp |
| 2007 | 109.5% | GBX1.13 Billion | GBX1.04 Billion | GBX1.61 Billion | GBX473.95 Million | ▼ -8.5 pp |
| 2006 | 118.1% | GBX1.07 Billion | GBX903.50 Million | GBX1.46 Billion | GBX396.03 Million | ▼ -14.1 pp |
| 2005 | 132.1% | GBX1.03 Billion | GBX779.83 Million | GBX1.38 Billion | GBX350.89 Million | ▲ +7.8 pp |
| 2004 | 124.3% | GBX839.06 Million | GBX674.99 Million | GBX1.18 Billion | GBX336.82 Million | ▼ -3.2 pp |
| 2003 | 127.5% | GBX710.44 Million | GBX557.05 Million | GBX979.80 Million | GBX269.36 Million | ▲ +11.4 pp |
| 2002 | 116.1% | GBX534.50 Million | GBX460.30 Million | GBX832.10 Million | GBX297.60 Million | ▲ +3.6 pp |
| 2001 | 112.5% | GBX439.76 Million | GBX390.89 Million | GBX669.97 Million | GBX230.21 Million | ▼ -4.4 pp |
| 2000 | 116.9% | GBX392.49 Million | GBX335.87 Million | GBX560.25 Million | GBX167.75 Million | ▼ -5.9 pp |
| 1999 | 122.8% | GBX354.70 Million | GBX288.93 Million | GBX519.78 Million | GBX165.09 Million | ▲ +7.4 pp |
| 1998 | 115.4% | GBX293.73 Million | GBX254.64 Million | GBX442.29 Million | GBX148.56 Million | ▲ +0.4 pp |
| 1997 | 114.9% | GBX245.29 Million | GBX213.45 Million | GBX380.52 Million | GBX135.23 Million | ▼ -7.6 pp |
| 1996 | 122.6% | GBX213.53 Million | GBX174.23 Million | GBX312.81 Million | GBX99.29 Million | ▲ +2.8 pp |
| 1995 | 119.8% | GBX193.82 Million | GBX161.79 Million | GBX281.07 Million | GBX87.25 Million | ▲ +9.7 pp |
| 1994 | 110.1% | GBX162.49 Million | GBX147.60 Million | GBX238.59 Million | GBX76.10 Million | ▲ +5.0 pp |
| 1993 | 105.1% | GBX144.24 Million | GBX137.31 Million | GBX197.87 Million | GBX53.63 Million | ▲ +1.5 pp |
| 1992 | 103.5% | GBX103.01 Million | GBX99.49 Million | GBX144.58 Million | GBX41.57 Million | ▲ +7.5 pp |
| 1991 | 96.0% | GBX92.85 Million | GBX96.67 Million | GBX136.40 Million | GBX43.55 Million | ▲ +0.7 pp |
| 1990 | 95.4% | GBX67.94 Million | GBX71.23 Million | GBX102.78 Million | GBX34.84 Million | ▼ -9.3 pp |
| 1989 | 104.6% | GBX71.97 Million | GBX68.77 Million | GBX106.52 Million | GBX34.55 Million | ▲ +9.1 pp |
| 1988 | 95.6% | GBX39.20 Million | GBX41.01 Million | GBX77.93 Million | GBX38.74 Million | ▲ +10.4 pp |
| 1987 | 85.1% | GBX29.76 Million | GBX34.95 Million | GBX47.28 Million | GBX17.52 Million | ▼ -22.2 pp |
| 1986 | 107.4% | GBX26.17 Million | GBX24.38 Million | GBX39.24 Million | GBX13.06 Million | — |