Smiths Group PLC (SMIN) — Working Capital to Net Assets Ratio
Smiths Group PLC (SMIN) has a Working Capital to Net Assets ratio of 53.9% as of July 2025. Working capital of GBX1.11 Billion (current assets of GBX2.05 Billion minus current liabilities of GBX941.00 Million) is measured against net assets of GBX2.06 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Smiths Group PLC (SMIN) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Smiths Group PLC Working Capital to Net Assets (1986–2025)
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 July 2025, the ratio stands at 53.9%, reflecting working capital of GBX1.11 Billion against net assets of GBX2.06 Billion GBX. Check Smiths Group PLC tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Smiths Group PLC (1986–2025)
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 live market cap and the full company profile, see SMIN market cap.
| 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 | — |