Tullow Oil PLC (TLW) — Working Capital to Net Assets Ratio
Tullow Oil PLC (TLW) has a Working Capital to Net Assets ratio of 388.9% as of December 2025. Working capital of GBX-983.60 Million (current assets of GBX1.08 Billion minus current liabilities of GBX2.06 Billion) is measured against net assets of GBX-252.90 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tullow Oil PLC (TLW) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tullow Oil PLC Working Capital to Net Assets (1987–2025)
This chart shows how Tullow Oil PLC's Working Capital to Net Assets ratio has evolved across 39 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 388.9%, reflecting working capital of GBX-983.60 Million against net assets of GBX-252.90 Million GBX. See TLW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tullow Oil PLC (1987–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tullow Oil PLC from 1987 to 2025, covering 39 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 Tullow Oil PLC (TLW) total market value.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 388.9% | GBX-983.60 Million | GBX-252.90 Million | GBX1.08 Billion | GBX2.06 Billion | ▲ +274.1 pp |
| 2024 | 114.8% | GBX-313.10 Million | GBX-272.70 Million | GBX1.22 Billion | GBX1.54 Billion | ▲ +130.0 pp |
| 2023 | -15.2% | GBX54.60 Million | GBX-359.40 Million | GBX1.28 Billion | GBX1.23 Billion | ▲ +8.0 pp |
| 2022 | -23.2% | GBX106.70 Million | GBX-459.50 Million | GBX1.43 Billion | GBX1.32 Billion | ▼ -5.1 pp |
| 2021 | -18.1% | GBX84.30 Million | GBX-466.10 Million | GBX1.43 Billion | GBX1.34 Billion | ▼ -1209.3 pp |
| 2020 | 1191.2% | GBX-2.50 Billion | GBX-210.00 Million | GBX1.91 Billion | GBX4.41 Billion | ▲ +1189.5 pp |
| 2019 | 1.7% | GBX16.50 Million | GBX983.60 Million | GBX1.49 Billion | GBX1.47 Billion | ▼ -30.6 pp |
| 2018 | 32.3% | GBX934.90 Million | GBX2.89 Billion | GBX2.42 Billion | GBX1.49 Billion | ▼ -3.4 pp |
| 2017 | 35.7% | GBX969.80 Million | GBX2.72 Billion | GBX2.32 Billion | GBX1.35 Billion | ▼ -0.6 pp |
| 2016 | 36.3% | GBX813.10 Million | GBX2.24 Billion | GBX2.46 Billion | GBX1.65 Billion | ▲ +28.1 pp |
| 2015 | 8.2% | GBX259.20 Million | GBX3.17 Billion | GBX1.84 Billion | GBX1.58 Billion | ▼ -10.4 pp |
| 2014 | 18.6% | GBX747.40 Million | GBX4.02 Billion | GBX2.09 Billion | GBX1.34 Billion | ▲ +6.9 pp |
| 2013 | 11.7% | GBX637.00 Million | GBX5.45 Billion | GBX2.07 Billion | GBX1.43 Billion | ▲ +10.5 pp |
| 2012 | 1.2% | GBX65.40 Million | GBX5.32 Billion | GBX1.29 Billion | GBX1.23 Billion | ▲ +8.8 pp |
| 2011 | -7.6% | GBX-360.20 Million | GBX4.77 Billion | GBX1.17 Billion | GBX1.53 Billion | ▼ -3.7 pp |
| 2010 | -3.8% | GBX-150.20 Million | GBX3.90 Billion | GBX1.34 Billion | GBX1.49 Billion | ▼ -8.8 pp |
| 2009 | 5.0% | GBX122.89 Million | GBX2.47 Billion | GBX763.71 Million | GBX640.82 Million | ▲ +16.3 pp |
| 2008 | -11.3% | GBX-216.29 Million | GBX1.92 Billion | GBX729.71 Million | GBX946.01 Million | ▼ -1.8 pp |
| 2007 | -9.5% | GBX-134.11 Million | GBX1.41 Billion | GBX483.41 Million | GBX617.52 Million | ▲ +28.5 pp |
| 2006 | -38.0% | GBX-569.98 Million | GBX1.50 Billion | GBX456.20 Million | GBX1.03 Billion | ▼ -19.6 pp |
| 2005 | -18.3% | GBX-122.64 Million | GBX669.38 Million | GBX281.88 Million | GBX404.52 Million | ▼ -24.0 pp |
| 2004 | 5.7% | GBX41.03 Million | GBX720.17 Million | GBX273.65 Million | GBX232.61 Million | ▼ -22.4 pp |
| 2003 | 28.1% | GBX58.07 Million | GBX207.00 Million | GBX166.50 Million | GBX108.42 Million | ▲ +12.3 pp |
| 2002 | 15.7% | GBX25.40 Million | GBX161.55 Million | GBX111.64 Million | GBX86.24 Million | ▲ +6.3 pp |
| 2001 | 9.4% | GBX12.62 Million | GBX133.68 Million | GBX97.79 Million | GBX85.18 Million | ▼ -33.8 pp |
| 2000 | 43.2% | GBX51.71 Million | GBX119.66 Million | GBX65.79 Million | GBX14.08 Million | ▲ +23.8 pp |
| 1999 | 19.4% | GBX19.09 Million | GBX98.37 Million | GBX51.20 Million | GBX32.11 Million | ▲ +26.5 pp |
| 1998 | -7.1% | GBX-6.10 Million | GBX85.63 Million | GBX7.66 Million | GBX13.76 Million | ▼ -29.2 pp |
| 1997 | 22.1% | GBX16.24 Million | GBX73.61 Million | GBX27.73 Million | GBX11.48 Million | ▼ -16.2 pp |
| 1996 | 38.2% | GBX33.07 Million | GBX86.51 Million | GBX39.53 Million | GBX6.46 Million | ▲ +82.9 pp |
| 1995 | -44.7% | GBX-14.30 Million | GBX31.99 Million | GBX4.69 Million | GBX18.98 Million | ▼ -35.6 pp |
| 1994 | -9.1% | GBX-2.37 Million | GBX26.19 Million | GBX6.69 Million | GBX9.07 Million | ▲ +7.9 pp |
| 1993 | -16.9% | GBX-2.44 Million | GBX14.42 Million | GBX5.56 Million | GBX8.00 Million | ▼ -27.4 pp |
| 1992 | 10.5% | GBX1.35 Million | GBX12.91 Million | GBX4.30 Million | GBX2.95 Million | ▲ +5.9 pp |
| 1991 | 4.5% | GBX546.39K | GBX12.01 Million | GBX2.75 Million | GBX2.20 Million | ▲ +1.9 pp |
| 1990 | 2.7% | GBX694.42K | GBX26.09 Million | GBX3.11 Million | GBX2.41 Million | ▲ +12.8 pp |
| 1989 | -10.2% | GBX-1.83 Million | GBX18.04 Million | GBX2.67 Million | GBX4.50 Million | ▲ +17.9 pp |
| 1988 | -28.1% | GBX-3.54 Million | GBX12.60 Million | GBX4.51 Million | GBX8.05 Million | ▼ -41.2 pp |
| 1987 | 13.1% | GBX1.37 Million | GBX10.45 Million | GBX2.98 Million | GBX1.61 Million | — |