TwentyFour Select Monthly Income Fund Ltd (SMIF) — Working Capital to Net Assets Ratio
TwentyFour Select Monthly Income Fund Ltd (SMIF) has a Working Capital to Net Assets ratio of 6.7% as of September 2023. Working capital of GBX12.23 Million (current assets of GBX9.63 Million minus current liabilities of GBX-2.60 Million) is measured against net assets of GBX181.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TwentyFour Select Monthly Income Fund Lt leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TwentyFour Select Monthly Income Fund Ltd Working Capital to Net Assets (2014–2023)
This chart shows how TwentyFour Select Monthly Income Fund Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2014 to 2023. As of September 2023, the ratio stands at 6.7%, reflecting working capital of GBX12.23 Million against net assets of GBX181.69 Million GBX. See defensive interval ratio of TwentyFour Select Monthly Income Fund Lt to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for TwentyFour Select Monthly Income Fund Ltd (2014–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for TwentyFour Select Monthly Income Fund Ltd from 2014 to 2023, covering 9 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 TwentyFour Select Monthly Income Fund Lt market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 6.7% | GBX12.23 Million | GBX181.69 Million | GBX9.63 Million | GBX-2.60 Million | ▲ +5.5 pp |
| 2021 | 1.3% | GBX2.27 Million | GBX178.00 Million | GBX6.75 Million | GBX4.49 Million | ▼ -2.7 pp |
| 2020 | 3.9% | GBX7.60 Million | GBX192.86 Million | GBX14.29 Million | GBX6.69 Million | ▼ -1.7 pp |
| 2019 | 5.7% | GBX9.54 Million | GBX167.83 Million | GBX10.52 Million | GBX976.79K | ▼ -1.6 pp |
| 2018 | 7.3% | GBX12.44 Million | GBX169.74 Million | GBX12.84 Million | GBX395.19K | ▼ -92.7 pp |
| 2017 | 100.0% | GBX155.21 Million | GBX155.21 Million | GBX159.51 Million | GBX4.30 Million | ▲ +0.0 pp |
| 2016 | 100.0% | GBX136.82 Million | GBX136.82 Million | GBX139.62 Million | GBX2.80 Million | ▲ +0.0 pp |
| 2015 | 100.0% | GBX134.56 Million | GBX134.56 Million | GBX137.84 Million | GBX3.28 Million | ▲ +94.4 pp |
| 2014 | 5.6% | GBX6.92 Million | GBX123.19 Million | GBX7.18 Million | GBX253.04K | — |