WH Smith PLC (SMWH) — Working Capital to Net Assets Ratio
WH Smith PLC (SMWH) has a Working Capital to Net Assets ratio of -270.3% as of August 2025. Working capital of GBX-527.00 Million (current assets of GBX344.00 Million minus current liabilities of GBX871.00 Million) is measured against net assets of GBX195.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of WH Smith PLC to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
WH Smith PLC Working Capital to Net Assets (2005–2025)
This chart shows how WH Smith PLC's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of August 2025, the ratio stands at -270.3%, reflecting working capital of GBX-527.00 Million against net assets of GBX195.00 Million GBX. Check WH Smith PLC (SMWH) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for WH Smith PLC (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for WH Smith PLC from 2005 to 2025, covering 21 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 SMWH market cap.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -270.3% | GBX-527.00 Million | GBX195.00 Million | GBX344.00 Million | GBX871.00 Million | ▼ -250.5 pp |
| 2024 | -19.7% | GBX-88.00 Million | GBX446.00 Million | GBX511.00 Million | GBX599.00 Million | ▲ +29.1 pp |
| 2023 | -48.8% | GBX-166.00 Million | GBX340.00 Million | GBX377.00 Million | GBX543.00 Million | ▼ -12.3 pp |
| 2022 | -36.5% | GBX-99.00 Million | GBX271.00 Million | GBX418.00 Million | GBX517.00 Million | ▲ +9.6 pp |
| 2021 | -46.2% | GBX-66.00 Million | GBX143.00 Million | GBX310.00 Million | GBX376.00 Million | ▼ -18.8 pp |
| 2020 | -27.3% | GBX-62.00 Million | GBX227.00 Million | GBX315.00 Million | GBX377.00 Million | ▼ -35.3 pp |
| 2019 | 8.0% | GBX19.00 Million | GBX237.00 Million | GBX298.00 Million | GBX279.00 Million | ▲ +20.8 pp |
| 2018 | -12.7% | GBX-27.00 Million | GBX212.00 Million | GBX260.00 Million | GBX287.00 Million | ▲ +3.3 pp |
| 2017 | -16.0% | GBX-30.00 Million | GBX187.00 Million | GBX242.00 Million | GBX272.00 Million | ▲ +3.0 pp |
| 2016 | -19.0% | GBX-32.00 Million | GBX168.00 Million | GBX236.00 Million | GBX268.00 Million | ▲ +14.3 pp |
| 2015 | -33.3% | GBX-49.00 Million | GBX147.00 Million | GBX230.00 Million | GBX279.00 Million | ▲ +25.1 pp |
| 2014 | -58.4% | GBX-59.00 Million | GBX101.00 Million | GBX235.00 Million | GBX294.00 Million | ▼ -4.5 pp |
| 2013 | -53.9% | GBX-55.00 Million | GBX102.00 Million | GBX233.00 Million | GBX288.00 Million | ▼ -21.0 pp |
| 2012 | -32.9% | GBX-49.00 Million | GBX149.00 Million | GBX246.00 Million | GBX295.00 Million | ▼ -10.5 pp |
| 2011 | -22.4% | GBX-35.00 Million | GBX156.00 Million | GBX259.00 Million | GBX294.00 Million | ▼ -14.4 pp |
| 2010 | -8.1% | GBX-15.00 Million | GBX186.00 Million | GBX285.00 Million | GBX300.00 Million | ▲ +2.0 pp |
| 2009 | -10.1% | GBX-19.00 Million | GBX188.00 Million | GBX262.00 Million | GBX281.00 Million | ▲ +28.4 pp |
| 2008 | -38.5% | GBX-62.00 Million | GBX161.00 Million | GBX241.00 Million | GBX303.00 Million | ▼ -49.5 pp |
| 2007 | 11.0% | GBX25.00 Million | GBX227.00 Million | GBX286.00 Million | GBX261.00 Million | ▼ -2.7 pp |
| 2006 | 13.7% | GBX23.00 Million | GBX168.00 Million | GBX278.00 Million | GBX255.00 Million | ▲ +46.1 pp |
| 2005 | -32.4% | GBX-34.00 Million | GBX105.00 Million | GBX262.00 Million | GBX296.00 Million | — |