TP ICAP Group PLC (TCAP) — Working Capital to Net Assets Ratio
TP ICAP Group PLC (TCAP) has a Working Capital to Net Assets ratio of 129.5% as of December 2025. Working capital of GBX2.64 Billion (current assets of GBX2.73 Billion minus current liabilities of GBX90.00 Million) is measured against net assets of GBX2.04 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of TP ICAP Group PLC to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TP ICAP Group PLC Working Capital to Net Assets (2000–2025)
This chart shows how TP ICAP Group PLC's Working Capital to Net Assets ratio has evolved across 29 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 129.5%, reflecting working capital of GBX2.64 Billion against net assets of GBX2.04 Billion GBX. Check TP ICAP Group PLC tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TP ICAP Group PLC (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TP ICAP Group PLC from 2000 to 2025, covering 29 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 TP ICAP Group PLC (TCAP) market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 129.5% | GBX2.64 Billion | GBX2.04 Billion | GBX2.73 Billion | GBX90.00 Million | ▲ +79.2 pp |
| 2024 | 50.3% | GBX1.04 Billion | GBX2.08 Billion | GBX4.40 Billion | GBX3.35 Billion | ▲ +149.8 pp |
| 2023 | -99.5% | GBX-2.05 Billion | GBX2.06 Billion | GBX1.03 Billion | GBX3.08 Billion | ▼ -147.4 pp |
| 2022 | 47.9% | GBX1.04 Billion | GBX2.16 Billion | GBX3.52 Billion | GBX2.49 Billion | ▲ +3.3 pp |
| 2021 | 44.6% | GBX883.00 Million | GBX1.98 Billion | GBX3.12 Billion | GBX2.24 Billion | ▲ +4009.7 pp |
| 2020 | -3965.0% | GBX-67.33 Billion | GBX1.70 Billion | GBX2.72 Billion | GBX70.04 Billion | ▼ -4010.5 pp |
| 2019 | 45.5% | GBX787.00 Million | GBX1.73 Billion | GBX50.20 Billion | GBX49.41 Billion | ▲ +10.9 pp |
| 2018 | 34.6% | GBX633.00 Million | GBX1.83 Billion | GBX23.60 Billion | GBX22.96 Billion | ▼ -2.0 pp |
| 2017 | 36.6% | GBX670.00 Million | GBX1.83 Billion | GBX35.45 Billion | GBX34.78 Billion | ▲ +27.2 pp |
| 2016 | 9.4% | GBX179.70 Million | GBX1.92 Billion | GBX23.95 Billion | GBX23.77 Billion | ▼ -57.4 pp |
| 2016 | 66.7% | GBX383.00 Million | GBX574.00 Million | GBX21.30 Billion | GBX20.91 Billion | ▲ +34.9 pp |
| 2015 | 31.8% | GBX172.20 Million | GBX541.70 Million | GBX3.02 Billion | GBX2.85 Billion | ▼ -37.4 pp |
| 2015 | 69.2% | GBX397.00 Million | GBX574.00 Million | GBX24.74 Billion | GBX24.35 Billion | ▲ +10.6 pp |
| 2014 | 58.6% | GBX271.60 Million | GBX463.50 Million | GBX3.56 Billion | GBX3.29 Billion | ▼ -9.2 pp |
| 2014 | 67.8% | GBX425.00 Million | GBX627.00 Million | GBX23.27 Billion | GBX22.85 Billion | ▲ +2.3 pp |
| 2013 | 65.4% | GBX260.70 Million | GBX398.40 Million | GBX6.10 Billion | GBX5.84 Billion | ▼ -6.2 pp |
| 2012 | 71.6% | GBX266.50 Million | GBX372.00 Million | GBX6.19 Billion | GBX5.92 Billion | ▲ +18.8 pp |
| 2011 | 52.8% | GBX251.20 Million | GBX475.50 Million | GBX5.63 Billion | GBX5.38 Billion | ▼ -23.0 pp |
| 2010 | 75.8% | GBX312.30 Million | GBX411.80 Million | GBX4.61 Billion | GBX4.30 Billion | ▼ -9.7 pp |
| 2009 | 85.5% | GBX267.30 Million | GBX312.50 Million | GBX6.16 Billion | GBX5.89 Billion | ▼ -9.7 pp |
| 2008 | 95.3% | GBX232.90 Million | GBX244.50 Million | GBX13.96 Billion | GBX13.72 Billion | ▼ -43.8 pp |
| 2007 | 139.0% | GBX184.10 Million | GBX132.40 Million | GBX7.21 Billion | GBX7.03 Billion | ▲ +86.6 pp |
| 2006 | 52.5% | GBX200.70 Million | GBX382.30 Million | GBX12.90 Billion | GBX12.70 Billion | ▲ +6.2 pp |
| 2005 | 46.3% | GBX252.30 Million | GBX544.50 Million | GBX12.33 Billion | GBX12.08 Billion | ▲ +7.4 pp |
| 2004 | 39.0% | GBX193.10 Million | GBX495.40 Million | GBX71.87 Billion | GBX71.68 Billion | ▼ -0.1 pp |
| 2003 | 39.1% | GBX154.70 Million | GBX395.80 Million | GBX710.30 Million | GBX555.60 Million | ▲ +15.0 pp |
| 2002 | 24.1% | GBX36.13 Million | GBX150.20 Million | GBX155.76 Million | GBX119.63 Million | ▲ +5.9 pp |
| 2001 | 18.1% | GBX26.08 Million | GBX143.97 Million | GBX184.25 Million | GBX158.17 Million | ▼ -9.0 pp |
| 2000 | 27.1% | GBX32.12 Million | GBX118.56 Million | GBX240.87 Million | GBX208.74 Million | — |