NatWest Group PLC (NWG) — Working Capital to Net Assets Ratio
NatWest Group PLC (NWG) has a Working Capital to Net Assets ratio of -951.0% as of March 2026. Working capital of GBX-415.30 Billion (current assets of GBX135.78 Billion minus current liabilities of GBX551.09 Billion) is measured against net assets of GBX43.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NatWest Group PLC 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
NatWest Group PLC Working Capital to Net Assets (2012–2025)
This chart shows how NatWest Group PLC's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at -951.0%, reflecting working capital of GBX-415.30 Billion against net assets of GBX43.67 Billion GBX. See NatWest Group PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for NatWest Group PLC (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for NatWest Group PLC from 2012 to 2025, covering 14 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 NatWest Group PLC market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -896.5% | GBX-382.01 Billion | GBX42.61 Billion | GBX98.30 Billion | GBX480.31 Billion | ▼ -147.0 pp |
| 2024 | -749.4% | GBX-295.12 Billion | GBX39.38 Billion | GBX182.46 Billion | GBX477.58 Billion | ▼ -132.0 pp |
| 2023 | -617.4% | GBX-229.62 Billion | GBX37.19 Billion | GBX238.00 Billion | GBX467.62 Billion | ▼ -502.0 pp |
| 2022 | -115.5% | GBX-42.14 Billion | GBX36.50 Billion | GBX145.39 Billion | GBX187.53 Billion | ▼ -92.0 pp |
| 2021 | -23.5% | GBX-9.82 Billion | GBX41.80 Billion | GBX178.00 Billion | GBX187.82 Billion | ▼ -305.8 pp |
| 2020 | 282.3% | GBX123.72 Billion | GBX43.82 Billion | GBX124.70 Billion | GBX990.00 Million | ▲ +108.2 pp |
| 2019 | 174.1% | GBX75.85 Billion | GBX43.56 Billion | GBX78.13 Billion | GBX2.28 Billion | ▲ +472.8 pp |
| 2018 | -298.7% | GBX-138.85 Billion | GBX46.49 Billion | GBX89.70 Billion | GBX228.54 Billion | ▼ -276.8 pp |
| 2017 | -21.8% | GBX-10.72 Billion | GBX49.09 Billion | GBX99.73 Billion | GBX110.45 Billion | ▲ +502.4 pp |
| 2016 | -524.2% | GBX-259.00 Billion | GBX49.40 Billion | GBX75.44 Billion | GBX334.44 Billion | ▲ +10.0 pp |
| 2015 | -534.2% | GBX-289.27 Billion | GBX54.15 Billion | GBX79.73 Billion | GBX369.00 Billion | ▼ -654.7 pp |
| 2014 | 120.5% | GBX72.53 Billion | GBX60.19 Billion | GBX75.36 Billion | GBX2.83 Billion | ▼ -14.7 pp |
| 2013 | 135.2% | GBX80.05 Billion | GBX59.22 Billion | GBX83.19 Billion | GBX3.14 Billion | ▲ +27.0 pp |
| 2012 | 108.2% | GBX76.21 Billion | GBX70.45 Billion | GBX79.82 Billion | GBX3.60 Billion | — |