Nichols (NICL) — Working Capital to Net Assets Ratio
Nichols (NICL) has a Working Capital to Net Assets ratio of 89.5% as of December 2025. Working capital of GBX84.79 Million (current assets of GBX116.98 Million minus current liabilities of GBX32.19 Million) is measured against net assets of GBX94.75 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nichols free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nichols Working Capital to Net Assets (1985–2025)
This chart shows how Nichols's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at 89.5%, reflecting working capital of GBX84.79 Million against net assets of GBX94.75 Million GBX. See NICL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Nichols (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nichols from 1985 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 NICL market cap.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 89.5% | GBX84.79 Million | GBX94.75 Million | GBX116.98 Million | GBX32.19 Million | ▲ +1.6 pp |
| 2024 | 87.8% | GBX73.82 Million | GBX84.05 Million | GBX108.85 Million | GBX35.03 Million | ▼ -0.7 pp |
| 2023 | 88.5% | GBX86.19 Million | GBX97.34 Million | GBX117.23 Million | GBX31.04 Million | ▲ +2.6 pp |
| 2022 | 86.0% | GBX76.27 Million | GBX88.74 Million | GBX106.98 Million | GBX30.71 Million | ▲ +10.5 pp |
| 2021 | 75.5% | GBX70.21 Million | GBX93.03 Million | GBX103.25 Million | GBX33.03 Million | ▲ +24.3 pp |
| 2020 | 51.2% | GBX61.36 Million | GBX119.88 Million | GBX83.03 Million | GBX21.67 Million | ▲ +1.9 pp |
| 2019 | 49.3% | GBX61.73 Million | GBX125.34 Million | GBX87.67 Million | GBX25.93 Million | ▼ -3.4 pp |
| 2018 | 52.7% | GBX59.06 Million | GBX112.11 Million | GBX84.21 Million | GBX25.15 Million | ▲ +0.3 pp |
| 2017 | 52.4% | GBX52.05 Million | GBX99.32 Million | GBX75.61 Million | GBX23.57 Million | ▼ -10.6 pp |
| 2016 | 63.0% | GBX54.17 Million | GBX85.97 Million | GBX77.98 Million | GBX23.81 Million | ▼ -0.6 pp |
| 2015 | 63.6% | GBX46.44 Million | GBX73.01 Million | GBX67.24 Million | GBX20.81 Million | ▼ -7.6 pp |
| 2014 | 71.2% | GBX41.38 Million | GBX58.08 Million | GBX62.72 Million | GBX21.34 Million | ▼ -1.6 pp |
| 2013 | 72.9% | GBX39.31 Million | GBX53.94 Million | GBX61.16 Million | GBX21.84 Million | ▲ +1.3 pp |
| 2012 | 71.6% | GBX32.20 Million | GBX44.99 Million | GBX53.82 Million | GBX21.61 Million | ▲ +2.5 pp |
| 2011 | 69.0% | GBX25.05 Million | GBX36.30 Million | GBX47.02 Million | GBX21.96 Million | ▲ +7.4 pp |
| 2010 | 61.6% | GBX18.59 Million | GBX30.18 Million | GBX34.66 Million | GBX16.06 Million | ▲ +0.3 pp |
| 2009 | 61.4% | GBX15.01 Million | GBX24.46 Million | GBX28.64 Million | GBX13.63 Million | ▲ +10.8 pp |
| 2008 | 50.6% | GBX10.76 Million | GBX21.27 Million | GBX22.38 Million | GBX11.62 Million | ▼ -4.5 pp |
| 2007 | 55.0% | GBX12.93 Million | GBX23.50 Million | GBX23.50 Million | GBX10.57 Million | ▼ -4.0 pp |
| 2006 | 59.1% | GBX11.82 Million | GBX20.01 Million | GBX21.99 Million | GBX10.18 Million | ▲ +53.0 pp |
| 2005 | 6.1% | GBX1.03 Million | GBX16.99 Million | GBX18.56 Million | GBX17.53 Million | ▼ -54.6 pp |
| 2004 | 60.6% | GBX10.95 Million | GBX18.06 Million | GBX22.93 Million | GBX11.98 Million | ▲ +44.3 pp |
| 2003 | 16.3% | GBX4.07 Million | GBX25.01 Million | GBX30.12 Million | GBX26.05 Million | ▼ -7.5 pp |
| 2002 | 23.7% | GBX6.42 Million | GBX27.07 Million | GBX31.18 Million | GBX24.76 Million | ▲ +8.1 pp |
| 2001 | 15.6% | GBX5.63 Million | GBX35.98 Million | GBX30.22 Million | GBX24.59 Million | ▼ -3.9 pp |
| 2000 | 19.6% | GBX6.88 Million | GBX35.17 Million | GBX28.23 Million | GBX21.35 Million | ▲ +29.4 pp |
| 1999 | -9.9% | GBX-3.27 Million | GBX33.17 Million | GBX23.47 Million | GBX26.74 Million | ▼ -22.2 pp |
| 1998 | 12.3% | GBX3.69 Million | GBX30.02 Million | GBX23.91 Million | GBX20.22 Million | ▼ -20.0 pp |
| 1997 | 32.2% | GBX9.37 Million | GBX29.06 Million | GBX25.74 Million | GBX16.37 Million | ▼ -0.6 pp |
| 1996 | 32.9% | GBX8.37 Million | GBX25.43 Million | GBX22.59 Million | GBX14.22 Million | ▲ +1.5 pp |
| 1995 | 31.4% | GBX7.51 Million | GBX23.91 Million | GBX21.41 Million | GBX13.90 Million | ▼ -22.9 pp |
| 1994 | 54.3% | GBX13.91 Million | GBX25.61 Million | GBX25.84 Million | GBX11.93 Million | ▼ -10.6 pp |
| 1993 | 64.9% | GBX14.30 Million | GBX22.05 Million | GBX24.20 Million | GBX9.89 Million | ▲ +5.2 pp |
| 1992 | 59.7% | GBX10.99 Million | GBX18.40 Million | GBX21.34 Million | GBX10.36 Million | ▲ +4.2 pp |
| 1991 | 55.5% | GBX8.31 Million | GBX14.97 Million | GBX17.00 Million | GBX8.70 Million | ▲ +12.1 pp |
| 1990 | 43.4% | GBX5.19 Million | GBX11.98 Million | GBX13.91 Million | GBX8.71 Million | ▼ -9.3 pp |
| 1989 | 52.7% | GBX5.39 Million | GBX10.23 Million | GBX14.41 Million | GBX9.02 Million | ▼ -14.9 pp |
| 1988 | 67.5% | GBX9.91 Million | GBX14.68 Million | GBX17.82 Million | GBX7.90 Million | ▲ +1.1 pp |
| 1987 | 66.5% | GBX8.29 Million | GBX12.46 Million | GBX16.03 Million | GBX7.75 Million | ▼ -1.6 pp |
| 1986 | 68.0% | GBX7.47 Million | GBX10.98 Million | GBX15.32 Million | GBX7.85 Million | ▼ -15.6 pp |
| 1985 | 83.6% | GBX9.89 Million | GBX11.83 Million | GBX14.30 Million | GBX4.41 Million | — |