Spirax Group plc (SPX) — Working Capital to Net Assets Ratio
Spirax Group plc (SPX) has a Working Capital to Net Assets ratio of 39.4% as of December 2025. Working capital of GBX482.00 Million (current assets of GBX1.05 Billion minus current liabilities of GBX565.60 Million) is measured against net assets of GBX1.22 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SPX equity to assets ratio to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 39.4%, reflecting working capital of GBX482.00 Million against net assets of GBX1.22 Billion GBX. Check Spirax Group plc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 live market cap and the full company profile, see market cap of Spirax Group plc.
| 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 | — |