Northcoders Group PLC (CODE) — Working Capital to Net Assets Ratio
Northcoders Group PLC (CODE) has a Working Capital to Net Assets ratio of 66.1% as of December 2025. Working capital of GBX1.54 Million (current assets of GBX2.51 Million minus current liabilities of GBX972.10K) is measured against net assets of GBX2.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CODE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northcoders Group PLC Working Capital to Net Assets (2018–2025)
This chart shows how Northcoders Group PLC's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 66.1%, reflecting working capital of GBX1.54 Million against net assets of GBX2.32 Million GBX. For the complete balance sheet picture, see Northcoders Group PLC total assets.
Annual Working Capital to Net Assets for Northcoders Group PLC (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northcoders Group PLC from 2018 to 2025, covering 8 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. Read Northcoders Group PLC debt and liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 66.1% | GBX1.54 Million | GBX2.32 Million | GBX2.51 Million | GBX972.10K | ▲ +30.1 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 | — |