Phoenix Group Holdings PLC (PHNX) — Working Capital to Net Assets Ratio
Phoenix Group Holdings PLC (PHNX) has a Working Capital to Net Assets ratio of 569.0% as of June 2025. Working capital of GBX10.20 Billion (current assets of GBX13.94 Billion minus current liabilities of GBX3.75 Billion) is measured against net assets of GBX1.79 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PHNX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Phoenix Group Holdings PLC Working Capital to Net Assets (2009–2024)
This chart shows how Phoenix Group Holdings PLC's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2009 to 2024. As of June 2025, the ratio stands at 569.0%, reflecting working capital of GBX10.20 Billion against net assets of GBX1.79 Billion GBX. For the complete balance sheet picture, see total assets of Phoenix Group Holdings PLC.
Annual Working Capital to Net Assets for Phoenix Group Holdings PLC (2009–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Phoenix Group Holdings PLC from 2009 to 2024, covering 16 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 PHNX financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -7876.6% | GBX-176.91 Billion | GBX2.25 Billion | GBX198.00 Million | GBX177.11 Billion | ▼ -3839.8 pp |
| 2023 | -4036.8% | GBX-142.86 Billion | GBX3.54 Billion | GBX22.91 Billion | GBX165.78 Billion | ▼ -4455.1 pp |
| 2022 | 418.3% | GBX19.63 Billion | GBX4.69 Billion | GBX25.70 Billion | GBX6.07 Billion | ▲ +247.5 pp |
| 2021 | 170.8% | GBX10.72 Billion | GBX6.28 Billion | GBX26.25 Billion | GBX15.54 Billion | ▼ -50.7 pp |
| 2020 | 221.4% | GBX16.34 Billion | GBX7.38 Billion | GBX20.26 Billion | GBX3.92 Billion | ▲ +62.3 pp |
| 2019 | 159.2% | GBX8.12 Billion | GBX5.10 Billion | GBX10.56 Billion | GBX2.44 Billion | ▲ +159.5 pp |
| 2018 | -0.3% | GBX-17.00 Million | GBX5.95 Billion | GBX354.00 Million | GBX371.00 Million | ▼ -6.1 pp |
| 2017 | 5.8% | GBX183.00 Million | GBX3.15 Billion | GBX367.00 Million | GBX184.00 Million | ▲ +7.7 pp |
| 2016 | -1.9% | GBX-62.00 Million | GBX3.33 Billion | GBX149.00 Million | GBX211.00 Million | ▼ -0.9 pp |
| 2015 | -1.0% | GBX-30.00 Million | GBX3.00 Billion | GBX104.00 Million | GBX134.00 Million | ▼ -4.4 pp |
| 2014 | 3.4% | GBX110.00 Million | GBX3.28 Billion | GBX246.00 Million | GBX136.00 Million | ▼ -336.4 pp |
| 2013 | 339.7% | GBX9.13 Billion | GBX2.69 Billion | GBX9.29 Billion | GBX166.00 Million | ▲ +175.3 pp |
| 2012 | 164.4% | GBX3.92 Billion | GBX2.38 Billion | GBX9.03 Billion | GBX5.11 Billion | ▼ -299.8 pp |
| 2011 | 464.2% | GBX10.98 Billion | GBX2.37 Billion | GBX11.72 Billion | GBX740.00 Million | ▲ +622.8 pp |
| 2010 | -158.6% | GBX-3.65 Billion | GBX2.30 Billion | GBX9.19 Billion | GBX12.84 Billion | ▼ -170.4 pp |
| 2009 | 11.8% | GBX253.00 Million | GBX2.14 Billion | GBX6.08 Billion | GBX5.83 Billion | — |