Smith & Nephew PLC Working Capital to Net Assets Ratio
Smith & Nephew PLC working capital to net assets ratio. Smith & Nephew PLC (SN) has a Working Capital to Net Assets ratio of 45.1% as of June 2026. Working capital of GBX2.35 Billion (current assets of GBX4.41 Billion minus current liabilities of GBX2.06 Billion) is measured against net assets of GBX5.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Smith & Nephew PLC (1985–2025)
Working capital to net assets ratio of Smith & Nephew PLC from 1985 to 2025. This chart shows how Smith & Nephew PLC's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at 45.1%, reflecting working capital of GBX2.35 Billion against net assets of GBX5.21 Billion GBX. Explore Smith & Nephew PLC strategic investment ratio to see how much of total assets are deployed in long-term investments.
Smith & Nephew PLC Working Capital to Net Assets Ratio by Year (1985–2025)
Smith & Nephew PLC working capital to net assets ratio by year from 1985 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Smith & Nephew PLC from 1985 to 2025, covering 41 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 SN total asset value.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 47.4% | GBX2.51 Billion | GBX5.29 Billion | GBX4.10 Billion | GBX1.60 Billion | ▼ -7.5 pp |
| 2024 | 54.9% | GBX2.89 Billion | GBX5.26 Billion | GBX4.42 Billion | GBX1.53 Billion | ▲ +21.2 pp |
| 2023 | 33.7% | GBX1.76 Billion | GBX5.22 Billion | GBX4.03 Billion | GBX2.27 Billion | ▼ -7.0 pp |
| 2022 | 40.7% | GBX2.14 Billion | GBX5.26 Billion | GBX3.86 Billion | GBX1.72 Billion | ▼ -0.5 pp |
| 2021 | 41.2% | GBX2.29 Billion | GBX5.57 Billion | GBX4.42 Billion | GBX2.13 Billion | ▼ -15.2 pp |
| 2020 | 56.4% | GBX2.98 Billion | GBX5.28 Billion | GBX4.66 Billion | GBX1.69 Billion | ▲ +24.2 pp |
| 2019 | 32.2% | GBX1.66 Billion | GBX5.14 Billion | GBX3.22 Billion | GBX1.56 Billion | ▼ -0.9 pp |
| 2018 | 33.1% | GBX1.61 Billion | GBX4.87 Billion | GBX3.08 Billion | GBX1.47 Billion | ▲ +3.3 pp |
| 2017 | 29.8% | GBX1.39 Billion | GBX4.64 Billion | GBX2.73 Billion | GBX1.35 Billion | ▼ 0.0 pp |
| 2016 | 29.8% | GBX1.18 Billion | GBX3.96 Billion | GBX2.53 Billion | GBX1.35 Billion | ▲ +1.3 pp |
| 2015 | 28.5% | GBX1.13 Billion | GBX3.97 Billion | GBX2.48 Billion | GBX1.34 Billion | ▼ -3.1 pp |
| 2014 | 31.6% | GBX1.28 Billion | GBX4.04 Billion | GBX2.44 Billion | GBX1.16 Billion | ▲ +2.4 pp |
| 2013 | 29.2% | GBX1.18 Billion | GBX4.05 Billion | GBX2.26 Billion | GBX1.07 Billion | ▼ -2.0 pp |
| 2012 | 31.3% | GBX1.21 Billion | GBX3.88 Billion | GBX2.14 Billion | GBX930.00 Million | ▼ -2.2 pp |
| 2011 | 33.5% | GBX1.07 Billion | GBX3.19 Billion | GBX2.21 Billion | GBX1.14 Billion | ▼ -11.2 pp |
| 2010 | 44.7% | GBX1.24 Billion | GBX2.77 Billion | GBX2.15 Billion | GBX914.00 Million | ▼ -11.4 pp |
| 2009 | 56.1% | GBX1.22 Billion | GBX2.18 Billion | GBX2.08 Billion | GBX863.00 Million | ▼ -3.8 pp |
| 2008 | 59.9% | GBX1.02 Billion | GBX1.70 Billion | GBX1.99 Billion | GBX968.00 Million | ▲ +80.2 pp |
| 2007 | -20.3% | GBX-369.00 Million | GBX1.82 Billion | GBX1.92 Billion | GBX2.29 Billion | ▼ -58.5 pp |
| 2006 | 38.1% | GBX829.00 Million | GBX2.17 Billion | GBX1.65 Billion | GBX816.00 Million | ▲ +0.2 pp |
| 2005 | 37.9% | GBX544.00 Million | GBX1.44 Billion | GBX1.56 Billion | GBX1.01 Billion | ▲ +8.6 pp |
| 2004 | 29.3% | GBX394.16 Million | GBX1.35 Billion | GBX1.22 Billion | GBX828.99 Million | ▼ -13.5 pp |
| 2003 | 42.7% | GBX489.11 Million | GBX1.14 Billion | GBX1.06 Billion | GBX566.43 Million | ▲ +0.8 pp |
| 2002 | 41.9% | GBX349.20 Million | GBX833.21 Million | GBX858.02 Million | GBX508.82 Million | ▲ +18.0 pp |
| 2001 | 23.9% | GBX141.10 Million | GBX589.18 Million | GBX765.09 Million | GBX623.98 Million | ▼ -24.5 pp |
| 2000 | 48.5% | GBX193.87 Million | GBX399.84 Million | GBX797.29 Million | GBX603.42 Million | ▲ +3.4 pp |
| 1999 | 45.1% | GBX402.48 Million | GBX892.49 Million | GBX1.00 Billion | GBX599.20 Million | ▲ +4.9 pp |
| 1998 | 40.2% | GBX324.18 Million | GBX805.88 Million | GBX947.63 Million | GBX623.45 Million | ▼ -4.0 pp |
| 1997 | 44.2% | GBX336.90 Million | GBX762.58 Million | GBX927.89 Million | GBX590.99 Million | ▼ -2.6 pp |
| 1996 | 46.8% | GBX348.84 Million | GBX745.62 Million | GBX966.71 Million | GBX617.87 Million | ▲ +0.4 pp |
| 1995 | 46.4% | GBX290.19 Million | GBX625.35 Million | GBX841.83 Million | GBX551.64 Million | ▼ -11.0 pp |
| 1994 | 57.4% | GBX400.39 Million | GBX697.12 Million | GBX922.72 Million | GBX522.33 Million | ▲ +12.4 pp |
| 1993 | 45.0% | GBX231.50 Million | GBX514.17 Million | GBX933.82 Million | GBX702.33 Million | ▼ -11.5 pp |
| 1992 | 56.5% | GBX310.32 Million | GBX549.35 Million | GBX972.50 Million | GBX662.19 Million | ▼ -21.9 pp |
| 1991 | 78.4% | GBX422.14 Million | GBX538.71 Million | GBX1.17 Billion | GBX746.04 Million | ▲ +5.0 pp |
| 1990 | 73.4% | GBX382.32 Million | GBX521.01 Million | GBX1.12 Billion | GBX735.12 Million | ▼ -2.3 pp |
| 1989 | 75.6% | GBX303.92 Million | GBX401.80 Million | GBX971.12 Million | GBX667.20 Million | ▼ -4.9 pp |
| 1988 | 80.5% | GBX349.21 Million | GBX433.72 Million | GBX886.19 Million | GBX536.98 Million | ▼ -5.0 pp |
| 1987 | 85.5% | GBX381.47 Million | GBX446.29 Million | GBX866.36 Million | GBX484.89 Million | ▲ +7.2 pp |
| 1986 | 78.3% | GBX243.78 Million | GBX311.35 Million | GBX616.63 Million | GBX372.85 Million | ▼ -4.4 pp |
| 1985 | 82.7% | GBX226.18 Million | GBX273.58 Million | GBX436.81 Million | GBX210.62 Million | — |