Shell plc (SHEL) — Working Capital to Net Assets Ratio
Shell plc (SHEL) has a Working Capital to Net Assets ratio of 20.4% as of June 2026. Working capital of GBX37.41 Billion (current assets of GBX123.47 Billion minus current liabilities of GBX86.06 Billion) is measured against net assets of GBX183.76 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shell plc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shell plc Working Capital to Net Assets (1998–2025)
This chart shows how Shell plc's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of June 2026, the ratio stands at 20.4%, reflecting working capital of GBX37.41 Billion against net assets of GBX183.76 Billion GBX. For the complete balance sheet picture, see Shell plc asset portfolio.
Annual Working Capital to Net Assets for Shell plc (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shell plc from 1998 to 2025, covering 28 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 Shell 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) |
|---|---|---|---|---|---|---|
| 2025 | 14.1% | GBX24.77 Billion | GBX175.38 Billion | GBX107.21 Billion | GBX82.45 Billion | ▼ -4.1 pp |
| 2024 | 18.3% | GBX32.89 Billion | GBX180.17 Billion | GBX127.93 Billion | GBX95.03 Billion | ▼ -2.3 pp |
| 2023 | 20.5% | GBX38.65 Billion | GBX188.36 Billion | GBX134.12 Billion | GBX95.47 Billion | ▼ -2.7 pp |
| 2022 | 23.2% | GBX44.63 Billion | GBX192.60 Billion | GBX165.94 Billion | GBX121.31 Billion | ▲ +4.2 pp |
| 2021 | 18.9% | GBX33.22 Billion | GBX175.33 Billion | GBX128.77 Billion | GBX95.55 Billion | ▲ +8.4 pp |
| 2020 | 10.6% | GBX16.74 Billion | GBX158.54 Billion | GBX90.69 Billion | GBX73.95 Billion | ▲ +3.7 pp |
| 2019 | 6.9% | GBX13.06 Billion | GBX190.46 Billion | GBX92.69 Billion | GBX79.62 Billion | ▼ -2.9 pp |
| 2018 | 9.7% | GBX19.67 Billion | GBX202.53 Billion | GBX97.48 Billion | GBX77.81 Billion | ▲ +1.8 pp |
| 2017 | 7.9% | GBX15.64 Billion | GBX197.81 Billion | GBX95.40 Billion | GBX79.77 Billion | ▲ +1.1 pp |
| 2016 | 6.8% | GBX12.74 Billion | GBX188.51 Billion | GBX86.57 Billion | GBX73.83 Billion | ▼ -6.9 pp |
| 2015 | 13.7% | GBX22.41 Billion | GBX164.12 Billion | GBX93.36 Billion | GBX70.95 Billion | ▲ +5.8 pp |
| 2014 | 7.9% | GBX13.57 Billion | GBX172.79 Billion | GBX99.78 Billion | GBX86.21 Billion | ▲ +2.3 pp |
| 2013 | 5.6% | GBX10.09 Billion | GBX181.15 Billion | GBX103.34 Billion | GBX93.26 Billion | ▼ -4.5 pp |
| 2012 | 10.1% | GBX17.75 Billion | GBX176.18 Billion | GBX114.73 Billion | GBX96.98 Billion | ▲ +0.1 pp |
| 2011 | 10.0% | GBX17.12 Billion | GBX171.00 Billion | GBX119.78 Billion | GBX102.66 Billion | ▲ +1.8 pp |
| 2010 | 8.2% | GBX12.34 Billion | GBX149.78 Billion | GBX112.89 Billion | GBX100.55 Billion | ▼ -0.2 pp |
| 2009 | 8.4% | GBX11.67 Billion | GBX138.13 Billion | GBX96.46 Billion | GBX84.79 Billion | ▼ -0.1 pp |
| 2008 | 8.6% | GBX11.04 Billion | GBX128.87 Billion | GBX116.57 Billion | GBX105.53 Billion | ▼ -8.1 pp |
| 2007 | 16.7% | GBX21.01 Billion | GBX125.97 Billion | GBX115.40 Billion | GBX94.38 Billion | ▲ +3.5 pp |
| 2006 | 13.2% | GBX15.14 Billion | GBX114.94 Billion | GBX91.89 Billion | GBX76.75 Billion | ▼ 0.0 pp |
| 2005 | 13.2% | GBX12.93 Billion | GBX97.92 Billion | GBX97.89 Billion | GBX84.96 Billion | ▼ -0.1 pp |
| 2004 | 13.3% | GBX12.14 Billion | GBX91.38 Billion | GBX64.84 Billion | GBX52.70 Billion | ▲ +26.8 pp |
| 2003 | -13.6% | GBX-10.81 Billion | GBX79.70 Billion | GBX43.61 Billion | GBX54.42 Billion | ▲ +6.5 pp |
| 2002 | -20.0% | GBX-13.55 Billion | GBX67.61 Billion | GBX41.66 Billion | GBX55.20 Billion | ▼ -15.3 pp |
| 2001 | -4.7% | GBX-2.99 Billion | GBX63.11 Billion | GBX30.48 Billion | GBX33.47 Billion | ▼ -10.1 pp |
| 2000 | 5.4% | GBX3.23 Billion | GBX59.97 Billion | GBX45.93 Billion | GBX42.70 Billion | ▲ +10.6 pp |
| 1999 | -5.2% | GBX-3.07 Billion | GBX59.01 Billion | GBX30.39 Billion | GBX33.46 Billion | ▲ +9.6 pp |
| 1998 | -14.8% | GBX-8.54 Billion | GBX57.66 Billion | GBX22.60 Billion | GBX31.14 Billion | — |