Spirax Group plc (SPX) — Working Capital to Net Assets Ratio
Spirax Group plc (SPX) has a Working Capital to Net Assets ratio of 47.6% as of June 2026. Working capital of GBX595.50 Million (current assets of GBX1.12 Billion minus current liabilities of GBX520.90 Million) is measured against net assets of GBX1.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spirax Group plc Working Capital to Net Assets (1985–2025)
This chart shows how Spirax Group 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 47.6%, reflecting working capital of GBX595.50 Million against net assets of GBX1.25 Billion GBX. Explore Spirax Group plc long-term investment allocation to see how much of total assets are deployed in long-term investments.
Annual Working Capital to Net Assets for Spirax Group plc (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spirax Group 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 Spirax Group plc assets under control.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 39.4% | GBX482.00 Million | GBX1.22 Billion | GBX1.05 Billion | GBX565.60 Million | ▲ +1.9 pp |
| 2024 | 37.5% | GBX453.80 Million | GBX1.21 Billion | GBX986.90 Million | GBX533.10 Million | ▼ -11.8 pp |
| 2023 | 49.3% | GBX570.80 Million | GBX1.16 Billion | GBX1.02 Billion | GBX454.00 Million | ▲ +13.7 pp |
| 2022 | 35.6% | GBX416.00 Million | GBX1.17 Billion | GBX1.05 Billion | GBX637.50 Million | ▼ -6.2 pp |
| 2021 | 41.8% | GBX422.00 Million | GBX1.01 Billion | GBX803.70 Million | GBX381.70 Million | ▼ -12.7 pp |
| 2020 | 54.5% | GBX464.50 Million | GBX852.30 Million | GBX692.50 Million | GBX228.00 Million | ▲ +7.5 pp |
| 2019 | 47.0% | GBX388.20 Million | GBX826.30 Million | GBX800.90 Million | GBX412.70 Million | ▼ -2.2 pp |
| 2018 | 49.2% | GBX377.00 Million | GBX766.90 Million | GBX630.30 Million | GBX253.30 Million | ▼ -4.7 pp |
| 2017 | 53.9% | GBX328.50 Million | GBX609.50 Million | GBX575.20 Million | GBX246.70 Million | ▼ -1.0 pp |
| 2016 | 54.9% | GBX287.90 Million | GBX524.40 Million | GBX450.10 Million | GBX162.20 Million | ▼ -9.0 pp |
| 2015 | 63.9% | GBX254.51 Million | GBX398.31 Million | GBX374.24 Million | GBX119.74 Million | ▲ +1.3 pp |
| 2014 | 62.6% | GBX276.53 Million | GBX441.88 Million | GBX430.29 Million | GBX153.76 Million | ▲ +1.6 pp |
| 2013 | 61.0% | GBX245.97 Million | GBX403.53 Million | GBX390.45 Million | GBX144.48 Million | ▲ +3.8 pp |
| 2012 | 57.1% | GBX249.29 Million | GBX436.55 Million | GBX366.71 Million | GBX117.42 Million | ▲ +8.0 pp |
| 2011 | 49.1% | GBX196.38 Million | GBX400.12 Million | GBX338.01 Million | GBX141.63 Million | ▼ -4.3 pp |
| 2010 | 53.4% | GBX202.69 Million | GBX379.52 Million | GBX324.80 Million | GBX122.11 Million | ▼ -6.3 pp |
| 2009 | 59.7% | GBX183.62 Million | GBX307.36 Million | GBX281.00 Million | GBX97.38 Million | ▼ -4.8 pp |
| 2008 | 64.5% | GBX190.94 Million | GBX296.01 Million | GBX295.11 Million | GBX104.17 Million | ▲ +2.1 pp |
| 2007 | 62.4% | GBX151.50 Million | GBX242.97 Million | GBX221.44 Million | GBX69.94 Million | ▲ +3.5 pp |
| 2006 | 58.9% | GBX117.54 Million | GBX199.72 Million | GBX189.94 Million | GBX72.41 Million | ▼ -6.0 pp |
| 2005 | 64.9% | GBX128.62 Million | GBX198.25 Million | GBX213.14 Million | GBX84.51 Million | ▼ -12.2 pp |
| 2004 | 77.1% | GBX128.15 Million | GBX166.29 Million | GBX191.39 Million | GBX63.24 Million | ▲ +11.3 pp |
| 2003 | 65.7% | GBX107.66 Million | GBX163.82 Million | GBX194.38 Million | GBX86.73 Million | ▼ -6.3 pp |
| 2002 | 72.0% | GBX107.54 Million | GBX149.29 Million | GBX181.40 Million | GBX73.86 Million | ▲ +3.3 pp |
| 2001 | 68.7% | GBX99.67 Million | GBX145.12 Million | GBX171.68 Million | GBX72.01 Million | ▲ +1.6 pp |
| 2000 | 67.1% | GBX92.80 Million | GBX138.26 Million | GBX174.01 Million | GBX81.20 Million | ▼ -2.6 pp |
| 1999 | 69.7% | GBX89.76 Million | GBX128.74 Million | GBX159.89 Million | GBX70.13 Million | ▼ -4.8 pp |
| 1998 | 74.6% | GBX101.55 Million | GBX136.20 Million | GBX171.29 Million | GBX69.74 Million | ▼ -5.7 pp |
| 1997 | 80.3% | GBX103.39 Million | GBX128.77 Million | GBX165.96 Million | GBX62.57 Million | ▼ -1.8 pp |
| 1996 | 82.1% | GBX98.45 Million | GBX119.90 Million | GBX162.69 Million | GBX64.24 Million | ▲ +1.8 pp |
| 1995 | 80.3% | GBX98.39 Million | GBX122.52 Million | GBX163.17 Million | GBX64.78 Million | ▲ +0.5 pp |
| 1994 | 79.8% | GBX82.09 Million | GBX102.86 Million | GBX137.35 Million | GBX55.26 Million | ▼ -5.6 pp |
| 1993 | 85.4% | GBX76.77 Million | GBX89.90 Million | GBX133.02 Million | GBX56.26 Million | ▲ +14.3 pp |
| 1992 | 71.1% | GBX63.21 Million | GBX88.93 Million | GBX106.32 Million | GBX43.11 Million | ▼ -0.1 pp |
| 1991 | 71.2% | GBX51.02 Million | GBX71.66 Million | GBX88.04 Million | GBX37.02 Million | ▼ -6.3 pp |
| 1990 | 77.5% | GBX49.20 Million | GBX63.49 Million | GBX90.39 Million | GBX41.19 Million | ▼ -0.4 pp |
| 1989 | 77.8% | GBX59.02 Million | GBX75.82 Million | GBX91.27 Million | GBX32.25 Million | ▲ +3.0 pp |
| 1988 | 74.9% | GBX50.99 Million | GBX68.12 Million | GBX78.19 Million | GBX27.20 Million | ▼ -5.9 pp |
| 1987 | 80.8% | GBX50.44 Million | GBX62.45 Million | GBX71.39 Million | GBX20.95 Million | ▼ -0.8 pp |
| 1986 | 81.5% | GBX50.62 Million | GBX62.08 Million | GBX70.45 Million | GBX19.83 Million | ▼ -7.7 pp |
| 1985 | 89.2% | GBX45.96 Million | GBX51.51 Million | GBX64.82 Million | GBX18.86 Million | — |