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. See SMT financial flexibility index to measure the company's free cash flow as a share of total liabilities.
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. See SMT cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For live market cap and the full company profile, see SMT stock market capitalisation.
| 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 | — |