Marks and Spencer Group PLC (MKS) — Working Capital to Net Assets Ratio
Marks and Spencer Group PLC (MKS) has a Working Capital to Net Assets ratio of -22.0% as of September 2025. Working capital of GBX-653.70 Million (current assets of GBX2.78 Billion minus current liabilities of GBX3.44 Billion) is measured against net assets of GBX2.97 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Marks and Spencer Group PLC to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Marks and Spencer Group PLC Working Capital to Net Assets (1986–2025)
This chart shows how Marks and Spencer Group PLC's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of September 2025, the ratio stands at -22.0%, reflecting working capital of GBX-653.70 Million against net assets of GBX2.97 Billion GBX. Check MKS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Marks and Spencer Group PLC (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Marks and Spencer Group PLC from 1986 to 2025, covering 40 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 Marks and Spencer Group PLC market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -12.7% | GBX-373.80 Million | GBX2.95 Billion | GBX2.40 Billion | GBX2.78 Billion | ▲ +0.2 pp |
| 2024 | -12.8% | GBX-362.90 Million | GBX2.83 Billion | GBX2.15 Billion | GBX2.52 Billion | ▲ +6.8 pp |
| 2023 | -19.6% | GBX-551.40 Million | GBX2.81 Billion | GBX2.15 Billion | GBX2.71 Billion | ▼ -13.1 pp |
| 2022 | -6.5% | GBX-188.50 Million | GBX2.92 Billion | GBX2.18 Billion | GBX2.37 Billion | ▲ +24.2 pp |
| 2021 | -30.7% | GBX-700.60 Million | GBX2.29 Billion | GBX1.60 Billion | GBX2.30 Billion | ▼ -13.5 pp |
| 2020 | -17.1% | GBX-634.40 Million | GBX3.71 Billion | GBX1.22 Billion | GBX1.85 Billion | ▲ +10.4 pp |
| 2019 | -27.5% | GBX-738.00 Million | GBX2.68 Billion | GBX1.49 Billion | GBX2.23 Billion | ▼ -10.3 pp |
| 2018 | -17.2% | GBX-508.10 Million | GBX2.95 Billion | GBX1.32 Billion | GBX1.83 Billion | ▲ +3.3 pp |
| 2017 | -20.5% | GBX-644.70 Million | GBX3.15 Billion | GBX1.72 Billion | GBX2.37 Billion | ▼ -1.8 pp |
| 2016 | -18.7% | GBX-643.40 Million | GBX3.44 Billion | GBX1.46 Billion | GBX2.10 Billion | ▲ +1.8 pp |
| 2015 | -20.5% | GBX-656.60 Million | GBX3.20 Billion | GBX1.46 Billion | GBX2.11 Billion | ▲ +15.7 pp |
| 2014 | -36.2% | GBX-980.80 Million | GBX2.71 Billion | GBX1.37 Billion | GBX2.35 Billion | ▲ +2.8 pp |
| 2013 | -39.0% | GBX-970.40 Million | GBX2.49 Billion | GBX1.27 Billion | GBX2.24 Billion | ▼ -19.4 pp |
| 2012 | -19.6% | GBX-545.30 Million | GBX2.78 Billion | GBX1.46 Billion | GBX2.01 Billion | ▲ +1.6 pp |
| 2011 | -21.2% | GBX-568.50 Million | GBX2.68 Billion | GBX1.64 Billion | GBX2.21 Billion | ▼ -4.3 pp |
| 2010 | -16.9% | GBX-370.30 Million | GBX2.19 Billion | GBX1.52 Billion | GBX1.89 Billion | ▲ +26.7 pp |
| 2009 | -43.7% | GBX-917.10 Million | GBX2.10 Billion | GBX1.39 Billion | GBX2.31 Billion | ▼ -2.6 pp |
| 2008 | -41.1% | GBX-807.20 Million | GBX1.96 Billion | GBX1.18 Billion | GBX1.99 Billion | ▲ +5.0 pp |
| 2007 | -46.1% | GBX-759.80 Million | GBX1.65 Billion | GBX846.40 Million | GBX1.61 Billion | ▲ +26.6 pp |
| 2006 | -72.7% | GBX-874.90 Million | GBX1.20 Billion | GBX1.14 Billion | GBX2.02 Billion | ▼ -28.1 pp |
| 2005 | -44.6% | GBX-405.10 Million | GBX909.20 Million | GBX832.30 Million | GBX1.24 Billion | ▼ -125.4 pp |
| 2004 | 80.9% | GBX1.98 Billion | GBX2.45 Billion | GBX3.87 Billion | GBX1.88 Billion | ▲ +27.9 pp |
| 2003 | 53.0% | GBX1.61 Billion | GBX3.04 Billion | GBX3.29 Billion | GBX1.68 Billion | ▼ -12.2 pp |
| 2002 | 65.2% | GBX2.01 Billion | GBX3.08 Billion | GBX3.76 Billion | GBX1.75 Billion | ▲ +31.7 pp |
| 2001 | 33.5% | GBX1.53 Billion | GBX4.58 Billion | GBX3.52 Billion | GBX1.98 Billion | ▲ +1.9 pp |
| 2000 | 31.6% | GBX1.55 Billion | GBX4.92 Billion | GBX3.72 Billion | GBX2.16 Billion | ▲ +4.5 pp |
| 1999 | 27.1% | GBX1.33 Billion | GBX4.90 Billion | GBX3.36 Billion | GBX2.03 Billion | ▲ +5.4 pp |
| 1998 | 21.7% | GBX1.06 Billion | GBX4.87 Billion | GBX3.40 Billion | GBX2.35 Billion | ▼ -9.7 pp |
| 1997 | 31.4% | GBX1.43 Billion | GBX4.55 Billion | GBX3.20 Billion | GBX1.78 Billion | ▲ +2.4 pp |
| 1996 | 29.0% | GBX1.20 Billion | GBX4.14 Billion | GBX2.88 Billion | GBX1.67 Billion | ▲ +2.2 pp |
| 1995 | 26.8% | GBX1.00 Billion | GBX3.74 Billion | GBX2.37 Billion | GBX1.36 Billion | ▲ +0.7 pp |
| 1994 | 26.1% | GBX872.70 Million | GBX3.34 Billion | GBX2.05 Billion | GBX1.18 Billion | ▲ +8.2 pp |
| 1993 | 17.9% | GBX531.00 Million | GBX2.97 Billion | GBX1.76 Billion | GBX1.23 Billion | ▲ +4.5 pp |
| 1992 | 13.4% | GBX356.00 Million | GBX2.66 Billion | GBX1.52 Billion | GBX1.17 Billion | ▼ -2.8 pp |
| 1991 | 16.2% | GBX393.90 Million | GBX2.44 Billion | GBX1.29 Billion | GBX896.70 Million | ▲ +3.2 pp |
| 1990 | 12.9% | GBX281.60 Million | GBX2.18 Billion | GBX1.21 Billion | GBX925.00 Million | ▲ +17.3 pp |
| 1989 | -4.4% | GBX-84.00 Million | GBX1.92 Billion | GBX659.10 Million | GBX743.10 Million | ▼ -8.4 pp |
| 1988 | 4.0% | GBX86.40 Million | GBX2.16 Billion | GBX709.90 Million | GBX623.50 Million | ▲ +8.0 pp |
| 1987 | -4.0% | GBX-62.80 Million | GBX1.58 Billion | GBX467.10 Million | GBX529.90 Million | ▼ -5.9 pp |
| 1986 | 2.0% | GBX28.80 Million | GBX1.46 Billion | GBX510.50 Million | GBX481.70 Million | — |