Relx PLC (REL) — Working Capital to Net Assets Ratio
Relx PLC (REL) has a Working Capital to Net Assets ratio of -126.9% as of December 2025. Working capital of GBX-3.03 Billion (current assets of GBX2.96 Billion minus current liabilities of GBX5.99 Billion) is measured against net assets of GBX2.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See REL equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Relx PLC Working Capital to Net Assets (1986–2025)
This chart shows how Relx PLC's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2025. As of December 2025, the ratio stands at -126.9%, reflecting working capital of GBX-3.03 Billion against net assets of GBX2.39 Billion GBX. Check how tangible is Relx PLC's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Relx PLC (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Relx PLC from 1986 to 2025, covering 41 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 Relx PLC (REL) market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -126.9% | GBX-3.03 Billion | GBX2.39 Billion | GBX2.96 Billion | GBX5.99 Billion | ▼ -49.2 pp |
| 2024 | -77.7% | GBX-2.72 Billion | GBX3.50 Billion | GBX3.00 Billion | GBX5.72 Billion | ▼ -1.6 pp |
| 2023 | -76.1% | GBX-2.62 Billion | GBX3.44 Billion | GBX2.87 Billion | GBX5.49 Billion | ▼ -19.6 pp |
| 2022 | -56.4% | GBX-2.12 Billion | GBX3.75 Billion | GBX3.07 Billion | GBX5.19 Billion | ▼ -13.3 pp |
| 2021 | -43.1% | GBX-1.39 Billion | GBX3.22 Billion | GBX2.36 Billion | GBX3.75 Billion | ▲ +56.8 pp |
| 2020 | -100.0% | GBX-2.10 Billion | GBX2.10 Billion | GBX2.27 Billion | GBX4.37 Billion | ▲ +60.0 pp |
| 2019 | -159.9% | GBX-3.50 Billion | GBX2.19 Billion | GBX2.44 Billion | GBX5.95 Billion | ▼ -33.9 pp |
| 2018 | -126.0% | GBX-2.97 Billion | GBX2.36 Billion | GBX2.35 Billion | GBX5.33 Billion | ▼ -26.3 pp |
| 2017 | -99.7% | GBX-2.37 Billion | GBX2.37 Billion | GBX2.16 Billion | GBX4.53 Billion | ▲ +25.7 pp |
| 2016 | -125.4% | GBX-2.96 Billion | GBX2.36 Billion | GBX2.35 Billion | GBX5.31 Billion | ▼ -21.7 pp |
| 2015 | -103.7% | GBX-2.26 Billion | GBX2.18 Billion | GBX1.93 Billion | GBX4.18 Billion | ▼ -10.0 pp |
| 2014 | -93.7% | GBX-2.00 Billion | GBX2.14 Billion | GBX1.94 Billion | GBX3.94 Billion | ▼ -10.3 pp |
| 2013 | -83.4% | GBX-2.02 Billion | GBX2.42 Billion | GBX1.83 Billion | GBX3.85 Billion | ▼ -19.4 pp |
| 2012 | -64.0% | GBX-1.48 Billion | GBX2.31 Billion | GBX2.53 Billion | GBX4.01 Billion | ▲ +19.4 pp |
| 2011 | -83.4% | GBX-969.13 Million | GBX1.16 Billion | GBX1.37 Billion | GBX2.34 Billion | ▼ -16.5 pp |
| 2010 | -66.9% | GBX-697.22 Million | GBX1.04 Billion | GBX1.36 Billion | GBX2.06 Billion | ▲ +6.3 pp |
| 2009 | -73.2% | GBX-680.82 Million | GBX930.51 Million | GBX1.36 Billion | GBX2.04 Billion | ▲ +87.4 pp |
| 2008 | -160.6% | GBX-833.17 Million | GBX518.95 Million | GBX1.34 Billion | GBX2.17 Billion | ▼ -179.7 pp |
| 2007 | 19.2% | GBX301.53 Million | GBX1.57 Billion | GBX2.35 Billion | GBX2.05 Billion | ▲ +56.5 pp |
| 2006 | -37.3% | GBX-390.93 Million | GBX1.05 Billion | GBX1.37 Billion | GBX1.76 Billion | ▲ +13.8 pp |
| 2005 | -51.1% | GBX-536.93 Million | GBX1.05 Billion | GBX1.28 Billion | GBX1.82 Billion | ▲ +24.7 pp |
| 2004 | -75.8% | GBX-672.89 Million | GBX887.13 Million | GBX988.70 Million | GBX1.66 Billion | ▼ -34.3 pp |
| 2003 | -41.6% | GBX-537.99 Million | GBX1.29 Billion | GBX1.30 Billion | GBX1.84 Billion | ▲ +8.1 pp |
| 2002 | -49.7% | GBX-695.63 Million | GBX1.40 Billion | GBX1.22 Billion | GBX1.92 Billion | ▲ +10.2 pp |
| 2001 | -59.9% | GBX-1.75 Billion | GBX2.92 Billion | GBX2.38 Billion | GBX4.13 Billion | ▼ -38.6 pp |
| 2000 | -21.2% | GBX-647.00 Million | GBX3.05 Billion | GBX2.73 Billion | GBX3.38 Billion | ▲ +49.0 pp |
| 1999 | -70.3% | GBX-1.31 Billion | GBX1.86 Billion | GBX1.37 Billion | GBX2.68 Billion | ▼ -11.7 pp |
| 1998 | -58.6% | GBX-1.25 Billion | GBX2.14 Billion | GBX1.54 Billion | GBX2.79 Billion | ▼ -16.4 pp |
| 1997 | -42.2% | GBX-633.00 Million | GBX1.50 Billion | GBX1.76 Billion | GBX2.40 Billion | ▼ -39.7 pp |
| 1996 | -2.5% | GBX-27.51 Million | GBX1.10 Billion | GBX1.11 Billion | GBX1.14 Billion | ▼ -7.2 pp |
| 1995 | 4.7% | GBX51.31 Million | GBX1.10 Billion | GBX1.20 Billion | GBX1.15 Billion | ▲ +73.8 pp |
| 1994 | -69.1% | GBX-522.12 Million | GBX755.41 Million | GBX652.79 Million | GBX1.17 Billion | ▼ -49.4 pp |
| 1993 | -19.7% | GBX-179.33 Million | GBX908.82 Million | GBX714.15 Million | GBX893.48 Million | ▼ -23.0 pp |
| 1992 | 3.2% | GBX46.20 Million | GBX1.43 Billion | GBX958.40 Million | GBX912.20 Million | ▼ -25.0 pp |
| 1992 | 28.2% | GBX387.60 Million | GBX1.37 Billion | GBX991.50 Million | GBX603.90 Million | ▼ -0.7 pp |
| 1991 | 28.9% | GBX380.90 Million | GBX1.32 Billion | GBX912.60 Million | GBX531.70 Million | ▲ +12.3 pp |
| 1990 | 16.6% | GBX229.00 Million | GBX1.38 Billion | GBX844.50 Million | GBX615.50 Million | ▼ -19.8 pp |
| 1989 | 36.4% | GBX536.50 Million | GBX1.47 Billion | GBX1.12 Billion | GBX583.80 Million | ▲ +27.9 pp |
| 1988 | 8.5% | GBX84.30 Million | GBX993.10 Million | GBX797.80 Million | GBX713.50 Million | ▼ -28.7 pp |
| 1987 | 37.1% | GBX259.20 Million | GBX697.80 Million | GBX731.00 Million | GBX471.80 Million | ▼ -10.9 pp |
| 1986 | 48.0% | GBX304.80 Million | GBX634.50 Million | GBX704.50 Million | GBX399.70 Million | — |