Northcoders Group PLC (CODE) — Working Capital to Net Assets Ratio
Northcoders Group PLC (CODE) has a Working Capital to Net Assets ratio of 53.2% as of June 2025. Working capital of GBX2.88 Million (current assets of GBX4.15 Million minus current liabilities of GBX1.28 Million) is measured against net assets of GBX5.41 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CODE equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northcoders Group PLC Working Capital to Net Assets (2018–2024)
This chart shows how Northcoders Group PLC's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of June 2025, the ratio stands at 53.2%, reflecting working capital of GBX2.88 Million against net assets of GBX5.41 Million GBX. Check Northcoders Group PLC tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Northcoders Group PLC (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northcoders Group PLC from 2018 to 2024, covering 7 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 Northcoders Group PLC market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 36.0% | GBX1.91 Million | GBX5.31 Million | GBX3.27 Million | GBX1.36 Million | ▼ -3.7 pp |
| 2023 | 39.7% | GBX1.91 Million | GBX4.82 Million | GBX3.73 Million | GBX1.82 Million | ▼ -56.3 pp |
| 2022 | 96.0% | GBX4.46 Million | GBX4.64 Million | GBX5.72 Million | GBX1.26 Million | ▼ -7.8 pp |
| 2021 | 103.8% | GBX2.23 Million | GBX2.15 Million | GBX3.12 Million | GBX889.52K | ▲ +116.4 pp |
| 2020 | -12.6% | GBX67.59K | GBX-538.27K | GBX1.07 Million | GBX998.68K | ▼ -6.1 pp |
| 2019 | -6.4% | GBX-25.69K | GBX400.06K | GBX858.66K | GBX884.35K | ▲ +70.8 pp |
| 2018 | -77.3% | GBX-72.19K | GBX93.43K | GBX529.24K | GBX601.43K | — |