Shearwater Group plc (SWG) — Working Capital to Net Assets Ratio
Shearwater Group plc (SWG) has a Working Capital to Net Assets ratio of 4.0% as of December 2025. Working capital of GBX1.30 Million (current assets of GBX17.90 Million minus current liabilities of GBX16.60 Million) is measured against net assets of GBX32.70 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SWG 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
Shearwater Group plc Working Capital to Net Assets (2005–2025)
This chart shows how Shearwater Group plc's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 4.0%, reflecting working capital of GBX1.30 Million against net assets of GBX32.70 Million GBX. See SWG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shearwater Group plc (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shearwater Group 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 Shearwater Group plc market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 20.5% | GBX6.93 Million | GBX33.73 Million | GBX22.70 Million | GBX15.77 Million | ▲ +10.2 pp |
| 2024 | 10.4% | GBX4.76 Million | GBX45.98 Million | GBX17.37 Million | GBX12.60 Million | ▲ +2.1 pp |
| 2023 | 8.2% | GBX3.96 Million | GBX48.12 Million | GBX16.31 Million | GBX12.35 Million | ▲ +5.7 pp |
| 2022 | 2.6% | GBX1.43 Million | GBX56.21 Million | GBX15.95 Million | GBX14.52 Million | ▼ -7.0 pp |
| 2021 | 9.6% | GBX5.42 Million | GBX56.49 Million | GBX17.66 Million | GBX12.24 Million | ▲ +11.0 pp |
| 2020 | -1.4% | GBX-738.00K | GBX52.51 Million | GBX13.85 Million | GBX14.59 Million | ▼ -0.2 pp |
| 2019 | -1.2% | GBX-572.00K | GBX49.35 Million | GBX15.81 Million | GBX16.38 Million | ▼ -13.3 pp |
| 2018 | 12.1% | GBX2.69 Million | GBX22.14 Million | GBX4.44 Million | GBX1.75 Million | ▼ -73.8 pp |
| 2017 | 85.9% | GBX6.43 Million | GBX7.48 Million | GBX7.16 Million | GBX732.00K | ▲ +92.6 pp |
| 2016 | -6.7% | GBX-61.00K | GBX907.00K | GBX56.00K | GBX117.00K | ▼ -9.7 pp |
| 2015 | 3.0% | GBX30.00K | GBX1.01 Million | GBX119.00K | GBX89.00K | ▼ -11.5 pp |
| 2014 | 14.5% | GBX163.00K | GBX1.13 Million | GBX276.00K | GBX113.00K | ▼ -25.1 pp |
| 2013 | 39.6% | GBX656.00K | GBX1.66 Million | GBX755.00K | GBX99.00K | ▼ -60.3 pp |
| 2012 | 99.9% | GBX1.69 Million | GBX1.69 Million | GBX1.81 Million | GBX121.00K | ▲ +0.3 pp |
| 2011 | 99.6% | GBX678.91K | GBX681.40K | GBX790.92K | GBX112.01K | ▲ +7.7 pp |
| 2010 | 91.9% | GBX9.53 Million | GBX10.37 Million | GBX9.86 Million | GBX333.76K | ▲ +26.6 pp |
| 2009 | 65.3% | GBX18.34 Million | GBX28.10 Million | GBX18.62 Million | GBX283.40K | ▼ -0.1 pp |
| 2008 | 65.4% | GBX21.50 Million | GBX32.89 Million | GBX22.10 Million | GBX608.76K | ▼ -19.3 pp |
| 2007 | 84.7% | GBX28.28 Million | GBX33.41 Million | GBX28.63 Million | GBX351.00K | ▲ +76.9 pp |
| 2006 | 7.8% | GBX78.00K | GBX1.00 Million | GBX417.00K | GBX339.00K | ▼ -40.2 pp |
| 2005 | 47.9% | GBX928.00K | GBX1.94 Million | GBX1.21 Million | GBX281.00K | — |