Shell plc Working Capital to Net Assets Ratio
Shell plc 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.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Shell plc (1998–2025)
Working capital to net assets ratio of Shell plc from 1998 to 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. Explore SHEL long-term investment intensity to see how much of total assets are deployed in long-term investments.
Shell plc Working Capital to Net Assets Ratio by Year (1998–2025)
Shell plc working capital to net assets ratio by year from 1998 to 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. For the complete balance sheet picture, see Shell plc asset portfolio.
| 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 | — |