Next PLC (NXT) — Working Capital to Net Assets Ratio
Next PLC (NXT) has a Working Capital to Net Assets ratio of 66.7% as of January 2026. Working capital of GBX1.19 Billion (current assets of GBX2.74 Billion minus current liabilities of GBX1.55 Billion) is measured against net assets of GBX1.78 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Next PLC defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Next PLC Working Capital to Net Assets (1985–2026)
This chart shows how Next PLC's Working Capital to Net Assets ratio has evolved across 43 annual periods from 1985 to 2026. As of January 2026, the ratio stands at 66.7%, reflecting working capital of GBX1.19 Billion against net assets of GBX1.78 Billion GBX. For the complete balance sheet picture, see Next PLC balance sheet assets.
Annual Working Capital to Net Assets for Next PLC (1985–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Next PLC from 1985 to 2026, covering 43 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. Check financial resilience of Next PLC to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 66.7% | GBX1.19 Billion | GBX1.78 Billion | GBX2.74 Billion | GBX1.55 Billion | ▲ +5.0 pp |
| 2025 | 61.8% | GBX1.08 Billion | GBX1.75 Billion | GBX2.65 Billion | GBX1.57 Billion | ▼ -11.6 pp |
| 2024 | 73.3% | GBX1.20 Billion | GBX1.64 Billion | GBX2.45 Billion | GBX1.25 Billion | ▼ -24.6 pp |
| 2023 | 97.9% | GBX1.14 Billion | GBX1.17 Billion | GBX2.23 Billion | GBX1.09 Billion | ▼ -20.8 pp |
| 2022 | 118.7% | GBX1.20 Billion | GBX1.01 Billion | GBX2.41 Billion | GBX1.21 Billion | ▼ -46.5 pp |
| 2021 | 165.2% | GBX1.09 Billion | GBX660.90 Million | GBX2.29 Billion | GBX1.20 Billion | ▼ -62.6 pp |
| 2020 | 227.8% | GBX1.01 Billion | GBX441.50 Million | GBX1.96 Billion | GBX949.80 Million | ▲ +27.3 pp |
| 2019 | 200.5% | GBX734.10 Million | GBX366.20 Million | GBX1.98 Billion | GBX1.24 Billion | ▲ +17.6 pp |
| 2018 | 182.9% | GBX882.70 Million | GBX482.60 Million | GBX1.80 Billion | GBX914.80 Million | ▼ -0.4 pp |
| 2017 | 183.3% | GBX935.60 Million | GBX510.50 Million | GBX1.66 Billion | GBX725.00 Million | ▲ +32.0 pp |
| 2016 | 151.3% | GBX471.60 Million | GBX311.80 Million | GBX1.64 Billion | GBX1.17 Billion | ▼ -75.3 pp |
| 2015 | 226.6% | GBX729.40 Million | GBX321.90 Million | GBX1.62 Billion | GBX886.60 Million | ▲ +5.2 pp |
| 2014 | 221.4% | GBX633.60 Million | GBX286.20 Million | GBX1.47 Billion | GBX834.50 Million | ▲ +84.2 pp |
| 2013 | 137.2% | GBX391.80 Million | GBX285.60 Million | GBX1.21 Billion | GBX816.00 Million | ▼ -41.3 pp |
| 2012 | 178.5% | GBX397.50 Million | GBX222.70 Million | GBX1.14 Billion | GBX742.40 Million | ▲ +77.6 pp |
| 2011 | 100.9% | GBX234.40 Million | GBX232.40 Million | GBX1.07 Billion | GBX832.90 Million | ▼ -111.4 pp |
| 2010 | 212.2% | GBX283.10 Million | GBX133.40 Million | GBX1.04 Billion | GBX758.10 Million | ▼ -44.1 pp |
| 2009 | 256.3% | GBX360.10 Million | GBX140.50 Million | GBX1.07 Billion | GBX713.50 Million | ▲ +361.6 pp |
| 2008 | -105.3% | GBX100.20 Million | GBX-95.20 Million | GBX963.60 Million | GBX863.40 Million | ▼ -234.1 pp |
| 2007 | 128.8% | GBX243.90 Million | GBX189.30 Million | GBX982.40 Million | GBX738.50 Million | ▲ +67.9 pp |
| 2006 | 60.9% | GBX156.10 Million | GBX256.20 Million | GBX911.60 Million | GBX755.50 Million | ▼ -19.7 pp |
| 2005 | 80.6% | GBX222.90 Million | GBX276.50 Million | GBX811.30 Million | GBX588.40 Million | ▼ -5.5 pp |
| 2004 | 86.1% | GBX133.60 Million | GBX155.10 Million | GBX710.20 Million | GBX576.60 Million | ▲ +111.7 pp |
| 2003 | -25.5% | GBX-70.20 Million | GBX275.10 Million | GBX594.70 Million | GBX664.90 Million | ▼ -71.5 pp |
| 2002 | 46.0% | GBX251.50 Million | GBX546.90 Million | GBX654.70 Million | GBX403.20 Million | ▲ +5.8 pp |
| 2001 | 40.1% | GBX200.60 Million | GBX499.70 Million | GBX547.20 Million | GBX346.60 Million | ▼ -7.5 pp |
| 2000 | 47.6% | GBX288.90 Million | GBX606.70 Million | GBX607.30 Million | GBX318.40 Million | ▲ +2.4 pp |
| 1999 | 45.2% | GBX245.50 Million | GBX542.80 Million | GBX538.70 Million | GBX293.20 Million | ▼ -15.9 pp |
| 1998 | 61.1% | GBX299.40 Million | GBX489.80 Million | GBX576.50 Million | GBX277.10 Million | ▼ -2.9 pp |
| 1997 | 64.0% | GBX269.50 Million | GBX420.80 Million | GBX514.80 Million | GBX245.30 Million | ▼ -0.7 pp |
| 1996 | 64.7% | GBX232.50 Million | GBX359.20 Million | GBX448.20 Million | GBX215.70 Million | ▲ +7.6 pp |
| 1995 | 57.1% | GBX166.90 Million | GBX292.20 Million | GBX347.00 Million | GBX180.10 Million | ▼ -7.9 pp |
| 1994 | 65.0% | GBX158.60 Million | GBX244.00 Million | GBX282.00 Million | GBX123.40 Million | ▲ +6.7 pp |
| 1993 | 58.3% | GBX115.80 Million | GBX198.60 Million | GBX221.00 Million | GBX105.20 Million | ▲ +14.9 pp |
| 1992 | 43.4% | GBX73.20 Million | GBX168.50 Million | GBX386.10 Million | GBX312.90 Million | ▼ -49.6 pp |
| 1991 | 93.1% | GBX148.90 Million | GBX160.00 Million | GBX834.40 Million | GBX685.50 Million | ▲ +10.7 pp |
| 1990 | 82.4% | GBX316.90 Million | GBX384.70 Million | GBX915.30 Million | GBX598.40 Million | ▲ +25.1 pp |
| 1989 | 57.3% | GBX214.70 Million | GBX374.80 Million | GBX491.90 Million | GBX277.20 Million | ▲ +4.5 pp |
| 1988 | 52.8% | GBX118.20 Million | GBX224.00 Million | GBX416.50 Million | GBX298.30 Million | ▲ +23.1 pp |
| 1987 | 29.6% | GBX59.30 Million | GBX200.10 Million | GBX234.90 Million | GBX175.60 Million | ▲ +0.0 pp |
| 1986 | 29.6% | GBX59.30 Million | GBX200.10 Million | GBX234.90 Million | GBX175.60 Million | ▲ +25.3 pp |
| 1986 | 4.3% | GBX5.96 Million | GBX137.99 Million | GBX48.64 Million | GBX42.67 Million | ▲ +0.0 pp |
| 1985 | 4.3% | GBX5.96 Million | GBX137.99 Million | GBX48.64 Million | GBX42.67 Million | — |