Next PLC (NXT) — Working Capital to Net Assets Ratio
Next PLC (NXT) has a Working Capital to Net Assets ratio of 72.6% as of July 2025. Working capital of GBX1.32 Billion (current assets of GBX3.11 Billion minus current liabilities of GBX1.79 Billion) is measured against net assets of GBX1.82 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Next 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
Next PLC Working Capital to Net Assets (1985–2025)
This chart shows how Next PLC's Working Capital to Net Assets ratio has evolved across 42 annual periods from 1985 to 2025. As of July 2025, the ratio stands at 72.6%, reflecting working capital of GBX1.32 Billion against net assets of GBX1.82 Billion GBX. See NXT defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Next PLC (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Next PLC from 1985 to 2025, covering 42 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 Next PLC market cap and net worth.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |