Scottish Mortgage Investment Trust plc (SMT) — Working Capital to Net Assets Ratio
Scottish Mortgage Investment Trust plc (SMT) has a Working Capital to Net Assets ratio of -1.3% as of September 2024. Working capital of GBX-149.54 Million (current assets of GBX90.25 Million minus current liabilities of GBX239.79 Million) is measured against net assets of GBX11.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see Scottish Mortgage Investment Trust plc balance sheet assets.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Scottish Mortgage Investment Trust plc Working Capital to Net Assets (2004–2024)
This chart shows how Scottish Mortgage Investment Trust plc's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2004 to 2024. As of September 2024, the ratio stands at -1.3%, reflecting working capital of GBX-149.54 Million against net assets of GBX11.93 Billion GBX. Check Scottish Mortgage Investment Trust plc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for Scottish Mortgage Investment Trust plc (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Scottish Mortgage Investment Trust plc from 2004 to 2024, covering 17 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. Explore SMT long-term investments to assets to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -2.2% | GBX-277.88 Million | GBX12.63 Billion | GBX390.14 Million | GBX668.02 Million | ▼ -0.5 pp |
| 2023 | -1.7% | GBX-201.15 Million | GBX11.50 Billion | GBX196.98 Million | GBX398.13 Million | ▲ +0.2 pp |
| 2022 | -1.9% | GBX-282.74 Million | GBX14.76 Billion | GBX243.10 Million | GBX525.85 Million | ▼ -1.5 pp |
| 2021 | -0.5% | GBX-77.98 Million | GBX16.99 Billion | GBX233.01 Million | GBX310.99 Million | ▲ +2.5 pp |
| 2020 | -2.9% | GBX-242.77 Million | GBX8.24 Billion | GBX86.95 Million | GBX329.71 Million | ▲ +0.4 pp |
| 2019 | -3.3% | GBX-245.54 Million | GBX7.43 Billion | GBX63.48 Million | GBX309.02 Million | ▼ 0.0 pp |
| 2018 | -3.3% | GBX-204.22 Million | GBX6.19 Billion | GBX37.74 Million | GBX241.96 Million | ▲ +2.3 pp |
| 2017 | -5.6% | GBX-275.04 Million | GBX4.87 Billion | GBX92.94 Million | GBX367.97 Million | ▲ +1.7 pp |
| 2016 | -7.4% | GBX-255.46 Million | GBX3.46 Billion | GBX48.02 Million | GBX303.49 Million | ▼ -6.2 pp |
| 2015 | -1.1% | GBX-38.00 Million | GBX3.33 Billion | GBX80.24 Million | GBX118.23 Million | ▲ +7.8 pp |
| 2014 | -8.9% | GBX-232.22 Million | GBX2.60 Billion | GBX26.80 Million | GBX259.02 Million | ▼ -6.5 pp |
| 2013 | -2.4% | GBX-53.60 Million | GBX2.22 Billion | GBX19.27 Million | GBX72.87 Million | ▼ -5.8 pp |
| 2009 | 3.4% | GBX36.28 Million | GBX1.08 Billion | GBX44.85 Million | GBX8.56 Million | ▲ +2.5 pp |
| 2008 | 0.9% | GBX16.60 Million | GBX1.84 Billion | GBX33.06 Million | GBX16.46 Million | ▲ +2.2 pp |
| 2006 | -1.3% | GBX-22.35 Million | GBX1.75 Billion | GBX32.57 Million | GBX54.92 Million | ▲ +0.7 pp |
| 2005 | -2.0% | GBX-24.40 Million | GBX1.24 Billion | GBX20.18 Million | GBX44.59 Million | ▲ +3.2 pp |
| 2004 | -5.2% | GBX-58.50 Million | GBX1.13 Billion | GBX36.80 Million | GBX95.30 Million | — |