Smiths Group PLC Working Capital to Net Assets Ratio
Smiths Group PLC working capital to net assets ratio. Smiths Group PLC (SMIN) has a Working Capital to Net Assets ratio of 122.1% as of January 2026. Working capital of GBX2.05 Billion (current assets of GBX3.06 Billion minus current liabilities of GBX1.01 Billion) is measured against net assets of GBX1.68 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check SMIN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Smiths Group PLC (1986–2025)
Working capital to net assets ratio of Smiths Group PLC from 1986 to 2025. This chart shows how Smiths Group PLC's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of January 2026, the ratio stands at 122.1%, reflecting working capital of GBX2.05 Billion against net assets of GBX1.68 Billion GBX. See SMIN days of operational coverage to measure how many days the company can operate on defensive assets alone.
Smiths Group PLC Working Capital to Net Assets Ratio by Year (1986–2025)
Smiths Group PLC working capital to net assets ratio by year from 1986 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Smiths Group PLC from 1986 to 2025, covering 40 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 Smiths Group PLC balance sheet assets.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 53.9% | GBX1.11 Billion | GBX2.06 Billion | GBX2.05 Billion | GBX941.00 Million | ▲ +9.1 pp |
| 2024 | 44.8% | GBX1.01 Billion | GBX2.25 Billion | GBX1.96 Billion | GBX947.00 Million | ▲ +9.6 pp |
| 2023 | 35.2% | GBX848.00 Million | GBX2.41 Billion | GBX1.75 Billion | GBX898.00 Million | ▼ -2.2 pp |
| 2022 | 37.4% | GBX1.02 Billion | GBX2.72 Billion | GBX2.42 Billion | GBX1.40 Billion | ▼ -34.7 pp |
| 2021 | 72.2% | GBX1.75 Billion | GBX2.42 Billion | GBX2.74 Billion | GBX987.00 Million | ▼ -1.5 pp |
| 2020 | 73.7% | GBX1.76 Billion | GBX2.39 Billion | GBX2.77 Billion | GBX1.00 Billion | ▼ -1.1 pp |
| 2019 | 74.8% | GBX1.78 Billion | GBX2.38 Billion | GBX2.70 Billion | GBX918.00 Million | ▲ +31.1 pp |
| 2018 | 43.7% | GBX1.00 Billion | GBX2.29 Billion | GBX1.96 Billion | GBX961.00 Million | ▼ -11.6 pp |
| 2017 | 55.3% | GBX1.16 Billion | GBX2.10 Billion | GBX2.03 Billion | GBX867.00 Million | ▲ +9.7 pp |
| 2016 | 45.6% | GBX757.00 Million | GBX1.66 Billion | GBX1.75 Billion | GBX996.00 Million | ▼ -13.6 pp |
| 2015 | 59.2% | GBX845.00 Million | GBX1.43 Billion | GBX1.61 Billion | GBX770.00 Million | ▲ +6.5 pp |
| 2014 | 52.7% | GBX656.00 Million | GBX1.25 Billion | GBX1.29 Billion | GBX637.80 Million | ▲ +3.6 pp |
| 2013 | 49.1% | GBX733.50 Million | GBX1.49 Billion | GBX1.61 Billion | GBX872.90 Million | ▼ -0.7 pp |
| 2012 | 49.8% | GBX488.80 Million | GBX980.80 Million | GBX1.30 Billion | GBX812.90 Million | ▼ -0.7 pp |
| 2011 | 50.6% | GBX697.70 Million | GBX1.38 Billion | GBX1.33 Billion | GBX630.80 Million | ▲ +3.6 pp |
| 2010 | 47.0% | GBX516.40 Million | GBX1.10 Billion | GBX1.16 Billion | GBX640.90 Million | ▲ +19.0 pp |
| 2009 | 28.0% | GBX241.60 Million | GBX862.80 Million | GBX1.10 Billion | GBX858.00 Million | ▼ -1.1 pp |
| 2008 | 29.1% | GBX267.50 Million | GBX918.20 Million | GBX1.08 Billion | GBX817.20 Million | ▲ +10.4 pp |
| 2007 | 18.7% | GBX169.20 Million | GBX903.30 Million | GBX1.04 Billion | GBX871.30 Million | ▼ -4.3 pp |
| 2006 | 23.1% | GBX314.20 Million | GBX1.36 Billion | GBX1.43 Billion | GBX1.12 Billion | ▼ -2.7 pp |
| 2005 | 25.8% | GBX382.10 Million | GBX1.48 Billion | GBX1.35 Billion | GBX963.50 Million | ▲ +6.2 pp |
| 2004 | 19.6% | GBX251.40 Million | GBX1.28 Billion | GBX1.05 Billion | GBX801.70 Million | ▼ -11.6 pp |
| 2003 | 31.2% | GBX368.50 Million | GBX1.18 Billion | GBX1.16 Billion | GBX794.40 Million | ▼ -3.4 pp |
| 2002 | 34.6% | GBX339.30 Million | GBX981.20 Million | GBX1.09 Billion | GBX748.30 Million | ▼ -14.9 pp |
| 2001 | 49.5% | GBX422.00 Million | GBX852.40 Million | GBX1.60 Billion | GBX1.18 Billion | ▲ +3.5 pp |
| 2000 | 46.0% | GBX229.50 Million | GBX498.80 Million | GBX706.60 Million | GBX477.10 Million | ▼ -6.7 pp |
| 1999 | 52.7% | GBX189.10 Million | GBX358.50 Million | GBX635.20 Million | GBX446.10 Million | ▼ -23.5 pp |
| 1998 | 76.3% | GBX172.70 Million | GBX226.40 Million | GBX581.60 Million | GBX408.90 Million | ▼ -8.7 pp |
| 1997 | 85.0% | GBX207.80 Million | GBX244.60 Million | GBX571.00 Million | GBX363.20 Million | ▲ +2.6 pp |
| 1996 | 82.4% | GBX174.50 Million | GBX211.80 Million | GBX519.80 Million | GBX345.30 Million | ▼ -1.5 pp |
| 1995 | 83.9% | GBX189.20 Million | GBX225.50 Million | GBX465.50 Million | GBX276.30 Million | ▲ +0.8 pp |
| 1994 | 83.1% | GBX176.20 Million | GBX212.00 Million | GBX424.00 Million | GBX247.80 Million | ▼ -4.7 pp |
| 1993 | 87.9% | GBX234.30 Million | GBX266.70 Million | GBX484.50 Million | GBX250.20 Million | ▲ +14.2 pp |
| 1992 | 73.6% | GBX242.90 Million | GBX330.00 Million | GBX490.00 Million | GBX247.10 Million | ▲ +0.9 pp |
| 1991 | 72.7% | GBX224.80 Million | GBX309.30 Million | GBX486.30 Million | GBX261.50 Million | ▼ -4.8 pp |
| 1990 | 77.5% | GBX232.80 Million | GBX300.40 Million | GBX442.10 Million | GBX209.30 Million | ▲ +0.5 pp |
| 1989 | 77.0% | GBX210.24 Million | GBX273.19 Million | GBX435.92 Million | GBX225.68 Million | ▼ -7.8 pp |
| 1988 | 84.7% | GBX215.48 Million | GBX254.31 Million | GBX374.91 Million | GBX159.44 Million | ▲ +5.3 pp |
| 1987 | 79.4% | GBX156.75 Million | GBX197.36 Million | GBX265.89 Million | GBX109.14 Million | ▼ -1.7 pp |
| 1986 | 81.1% | GBX140.69 Million | GBX173.42 Million | GBX236.93 Million | GBX96.24 Million | — |