Imperial Brands PLC (IMB) — Working Capital to Net Assets Ratio
Imperial Brands PLC (IMB) has a Working Capital to Net Assets ratio of -56.0% as of September 2025. Working capital of GBX-3.04 Billion (current assets of GBX8.81 Billion minus current liabilities of GBX11.85 Billion) is measured against net assets of GBX5.43 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Imperial Brands PLC to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Imperial Brands PLC Working Capital to Net Assets (1991–2025)
This chart shows how Imperial Brands PLC's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1991 to 2025. As of September 2025, the ratio stands at -56.0%, reflecting working capital of GBX-3.04 Billion against net assets of GBX5.43 Billion GBX. Check IMB tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Imperial Brands PLC (1991–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Imperial Brands PLC from 1991 to 2025, covering 35 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 Imperial Brands PLC (IMB) total market value.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -56.0% | GBX-3.04 Billion | GBX5.43 Billion | GBX8.81 Billion | GBX11.85 Billion | ▼ -1.8 pp |
| 2024 | -54.2% | GBX-3.27 Billion | GBX6.03 Billion | GBX8.20 Billion | GBX11.46 Billion | ▼ -4.4 pp |
| 2023 | -49.7% | GBX-3.30 Billion | GBX6.64 Billion | GBX8.60 Billion | GBX11.90 Billion | ▼ -20.1 pp |
| 2022 | -29.7% | GBX-2.22 Billion | GBX7.47 Billion | GBX8.92 Billion | GBX11.14 Billion | ▲ +14.1 pp |
| 2021 | -43.8% | GBX-2.60 Billion | GBX5.94 Billion | GBX8.21 Billion | GBX10.81 Billion | ▲ +4.7 pp |
| 2020 | -48.5% | GBX-2.67 Billion | GBX5.52 Billion | GBX9.65 Billion | GBX12.32 Billion | ▼ -25.3 pp |
| 2019 | -23.2% | GBX-1.29 Billion | GBX5.58 Billion | GBX10.66 Billion | GBX11.95 Billion | ▲ +38.6 pp |
| 2018 | -61.8% | GBX-3.98 Billion | GBX6.45 Billion | GBX7.25 Billion | GBX11.24 Billion | ▲ +2.1 pp |
| 2017 | -64.0% | GBX-3.98 Billion | GBX6.23 Billion | GBX6.90 Billion | GBX10.88 Billion | ▼ -18.8 pp |
| 2016 | -45.1% | GBX-2.59 Billion | GBX5.74 Billion | GBX7.53 Billion | GBX10.12 Billion | ▼ -15.8 pp |
| 2015 | -29.4% | GBX-1.67 Billion | GBX5.70 Billion | GBX7.47 Billion | GBX9.14 Billion | ▼ -19.3 pp |
| 2014 | -10.1% | GBX-552.00 Million | GBX5.46 Billion | GBX7.18 Billion | GBX7.74 Billion | ▲ +37.6 pp |
| 2013 | -47.7% | GBX-2.69 Billion | GBX5.65 Billion | GBX8.39 Billion | GBX11.08 Billion | ▼ -14.3 pp |
| 2012 | -33.3% | GBX-2.03 Billion | GBX6.08 Billion | GBX7.11 Billion | GBX9.14 Billion | ▲ +8.6 pp |
| 2011 | -41.9% | GBX-3.23 Billion | GBX7.71 Billion | GBX7.39 Billion | GBX10.62 Billion | ▼ -12.9 pp |
| 2010 | -29.0% | GBX-2.06 Billion | GBX7.09 Billion | GBX7.09 Billion | GBX9.14 Billion | ▲ +30.4 pp |
| 2009 | -59.4% | GBX-3.92 Billion | GBX6.59 Billion | GBX7.22 Billion | GBX11.14 Billion | ▼ -11.0 pp |
| 2008 | -48.4% | GBX-3.08 Billion | GBX6.36 Billion | GBX6.58 Billion | GBX9.66 Billion | ▼ -11.7 pp |
| 2007 | -36.7% | GBX-419.00 Million | GBX1.14 Billion | GBX2.75 Billion | GBX3.17 Billion | ▲ +103.9 pp |
| 2006 | -140.6% | GBX-841.00 Million | GBX598.00 Million | GBX2.16 Billion | GBX3.00 Billion | ▼ -90.8 pp |
| 2005 | -49.8% | GBX-351.00 Million | GBX705.00 Million | GBX2.17 Billion | GBX2.52 Billion | ▲ +194.3 pp |
| 2004 | -244.1% | GBX-332.00 Million | GBX136.00 Million | GBX2.22 Billion | GBX2.56 Billion | ▲ +561.0 pp |
| 2003 | -805.1% | GBX-475.00 Million | GBX59.00 Million | GBX2.40 Billion | GBX2.88 Billion | ▼ -1054.4 pp |
| 2002 | 249.3% | GBX-187.00 Million | GBX-75.00 Million | GBX2.13 Billion | GBX2.32 Billion | ▲ +225.6 pp |
| 2001 | 23.7% | GBX-261.00 Million | GBX-1.10 Billion | GBX1.28 Billion | GBX1.54 Billion | ▼ -36.0 pp |
| 2000 | 59.7% | GBX-763.00 Million | GBX-1.28 Billion | GBX1.19 Billion | GBX1.95 Billion | ▲ +30.7 pp |
| 1999 | 29.0% | GBX-428.00 Million | GBX-1.48 Billion | GBX974.00 Million | GBX1.40 Billion | ▼ -9.4 pp |
| 1998 | 38.4% | GBX-637.00 Million | GBX-1.66 Billion | GBX929.00 Million | GBX1.57 Billion | ▲ +47.6 pp |
| 1997 | -9.3% | GBX100.00 Million | GBX-1.08 Billion | GBX847.00 Million | GBX747.00 Million | ▼ -99.5 pp |
| 1996 | 90.2% | GBX552.00 Million | GBX612.00 Million | GBX1.05 Billion | GBX502.00 Million | ▼ -1.3 pp |
| 1995 | 91.5% | GBX389.00 Million | GBX425.00 Million | GBX2.70 Billion | GBX2.31 Billion | ▲ +13.3 pp |
| 1994 | 78.3% | GBX90.00 Million | GBX115.00 Million | GBX2.32 Billion | GBX2.23 Billion | ▼ -15.6 pp |
| 1993 | 93.9% | GBX261.00 Million | GBX278.00 Million | GBX1.99 Billion | GBX1.73 Billion | ▼ -1.9 pp |
| 1992 | 95.8% | GBX138.00 Million | GBX144.00 Million | GBX1.81 Billion | GBX1.68 Billion | ▼ -34.7 pp |
| 1991 | 130.5% | GBX154.00 Million | GBX118.00 Million | GBX1.51 Billion | GBX1.35 Billion | — |