Polar Capital Technology Trust (PCT) — Working Capital to Net Assets Ratio
Polar Capital Technology Trust (PCT) has a Working Capital to Net Assets ratio of 6.9% as of October 2025. Working capital of GBX423.80 Million (current assets of GBX473.13 Million minus current liabilities of GBX49.33 Million) is measured against net assets of GBX6.11 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Polar Capital Technology Trust (PCT) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Polar Capital Technology Trust Working Capital to Net Assets (2004–2025)
This chart shows how Polar Capital Technology Trust's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of October 2025, the ratio stands at 6.9%, reflecting working capital of GBX423.80 Million against net assets of GBX6.11 Billion GBX. Check PCT tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Polar Capital Technology Trust (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Polar Capital Technology Trust from 2004 to 2025, covering 22 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 market cap of Polar Capital Technology Trust.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 5.5% | GBX209.17 Million | GBX3.80 Billion | GBX228.65 Million | GBX19.48 Million | ▲ +3.0 pp |
| 2024 | 2.5% | GBX93.66 Million | GBX3.80 Billion | GBX153.43 Million | GBX59.77 Million | ▼ -6.0 pp |
| 2023 | 8.4% | GBX238.81 Million | GBX2.83 Billion | GBX262.65 Million | GBX23.84 Million | ▲ +0.6 pp |
| 2022 | 7.9% | GBX239.91 Million | GBX3.05 Billion | GBX349.22 Million | GBX109.32 Million | ▲ +1.5 pp |
| 2021 | 6.4% | GBX216.84 Million | GBX3.41 Billion | GBX256.55 Million | GBX39.71 Million | ▲ +2.5 pp |
| 2020 | 3.9% | GBX90.29 Million | GBX2.31 Billion | GBX197.35 Million | GBX107.06 Million | ▼ -5.7 pp |
| 2019 | 9.6% | GBX186.09 Million | GBX1.94 Billion | GBX231.26 Million | GBX45.17 Million | ▲ +2.9 pp |
| 2018 | 6.7% | GBX103.49 Million | GBX1.55 Billion | GBX109.53 Million | GBX6.04 Million | ▲ +1.2 pp |
| 2017 | 5.5% | GBX68.86 Million | GBX1.25 Billion | GBX84.41 Million | GBX15.54 Million | ▼ -3.0 pp |
| 2016 | 8.5% | GBX67.76 Million | GBX801.31 Million | GBX83.14 Million | GBX15.38 Million | ▲ +3.9 pp |
| 2015 | 4.6% | GBX36.10 Million | GBX793.02 Million | GBX48.39 Million | GBX12.29 Million | ▼ -2.8 pp |
| 2014 | 7.3% | GBX44.51 Million | GBX606.63 Million | GBX62.18 Million | GBX17.67 Million | ▼ -0.1 pp |
| 2013 | 7.4% | GBX39.27 Million | GBX528.85 Million | GBX44.53 Million | GBX5.26 Million | ▼ -1.4 pp |
| 2012 | 8.9% | GBX44.63 Million | GBX503.29 Million | GBX50.56 Million | GBX5.93 Million | ▼ -0.5 pp |
| 2011 | 9.4% | GBX43.91 Million | GBX468.72 Million | GBX54.77 Million | GBX10.86 Million | ▼ -0.8 pp |
| 2010 | 10.2% | GBX40.62 Million | GBX398.63 Million | GBX48.60 Million | GBX7.98 Million | ▼ -2.3 pp |
| 2009 | 12.5% | GBX34.31 Million | GBX274.18 Million | GBX40.35 Million | GBX6.04 Million | ▼ -0.9 pp |
| 2008 | 13.4% | GBX40.20 Million | GBX300.43 Million | GBX50.73 Million | GBX10.53 Million | ▲ +7.1 pp |
| 2007 | 6.3% | GBX20.99 Million | GBX335.50 Million | GBX27.89 Million | GBX6.89 Million | ▼ -4.6 pp |
| 2006 | 10.9% | GBX38.91 Million | GBX358.20 Million | GBX46.40 Million | GBX7.49 Million | ▼ -14.9 pp |
| 2005 | 25.8% | GBX61.16 Million | GBX237.24 Million | GBX87.63 Million | GBX26.47 Million | ▲ +6.2 pp |
| 2004 | 19.6% | GBX66.98 Million | GBX341.23 Million | GBX108.82 Million | GBX41.84 Million | — |