Tesco PLC (TSCO) — Working Capital to Net Assets Ratio
Tesco PLC (TSCO) has a Working Capital to Net Assets ratio of -51.0% as of February 2026. Working capital of GBX-5.85 Billion (current assets of GBX8.48 Billion minus current liabilities of GBX14.33 Billion) is measured against net assets of GBX11.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Tesco PLC to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tesco PLC Working Capital to Net Assets (1986–2026)
This chart shows how Tesco PLC's Working Capital to Net Assets ratio has evolved across 54 annual periods from 1986 to 2026. As of February 2026, the ratio stands at -51.0%, reflecting working capital of GBX-5.85 Billion against net assets of GBX11.46 Billion GBX. See Tesco PLC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tesco PLC (1986–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tesco PLC from 1986 to 2026, covering 54 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 Tesco PLC (TSCO) market capitalisation.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -51.0% | GBX-5.85 Billion | GBX11.46 Billion | GBX8.48 Billion | GBX14.33 Billion | ▼ -8.5 pp |
| 2025 | -42.6% | GBX-4.96 Billion | GBX11.66 Billion | GBX8.86 Billion | GBX13.82 Billion | ▲ +0.0 pp |
| 2025 | -42.6% | GBX-4.96 Billion | GBX11.66 Billion | GBX8.86 Billion | GBX13.82 Billion | ▼ -9.4 pp |
| 2024 | -33.1% | GBX-3.87 Billion | GBX11.66 Billion | GBX16.61 Billion | GBX20.47 Billion | ▲ +0.0 pp |
| 2024 | -33.1% | GBX-3.87 Billion | GBX11.66 Billion | GBX16.61 Billion | GBX20.47 Billion | ▲ +7.7 pp |
| 2023 | -40.9% | GBX-5.00 Billion | GBX12.23 Billion | GBX12.72 Billion | GBX17.72 Billion | ▼ -15.7 pp |
| 2022 | -25.2% | GBX-3.94 Billion | GBX15.64 Billion | GBX12.19 Billion | GBX16.12 Billion | ▲ +15.6 pp |
| 2021 | -40.7% | GBX-4.91 Billion | GBX12.06 Billion | GBX10.81 Billion | GBX15.72 Billion | ▼ -3.0 pp |
| 2020 | -37.8% | GBX-5.05 Billion | GBX13.37 Billion | GBX13.61 Billion | GBX18.66 Billion | ▲ +0.0 pp |
| 2020 | -37.8% | GBX-5.05 Billion | GBX13.37 Billion | GBX13.61 Billion | GBX18.66 Billion | ▲ +24.7 pp |
| 2019 | -62.5% | GBX-8.39 Billion | GBX13.43 Billion | GBX12.58 Billion | GBX20.97 Billion | ▼ -10.2 pp |
| 2018 | -52.3% | GBX-5.48 Billion | GBX10.48 Billion | GBX13.75 Billion | GBX19.23 Billion | ▲ +9.8 pp |
| 2017 | -62.2% | GBX-3.99 Billion | GBX6.41 Billion | GBX15.42 Billion | GBX19.41 Billion | ▼ -25.2 pp |
| 2016 | -36.9% | GBX-3.18 Billion | GBX8.62 Billion | GBX14.68 Billion | GBX17.87 Billion | ▲ +0.0 pp |
| 2016 | -36.9% | GBX-3.18 Billion | GBX8.62 Billion | GBX14.68 Billion | GBX17.87 Billion | ▼ 0.0 pp |
| 2016 | -36.9% | GBX-3.18 Billion | GBX8.63 Billion | GBX14.68 Billion | GBX17.87 Billion | ▲ +74.2 pp |
| 2015 | -111.0% | GBX-7.85 Billion | GBX7.07 Billion | GBX11.96 Billion | GBX19.81 Billion | ▼ -71.5 pp |
| 2014 | -39.6% | GBX-5.83 Billion | GBX14.72 Billion | GBX15.57 Billion | GBX21.40 Billion | ▲ +0.0 pp |
| 2014 | -39.6% | GBX-5.83 Billion | GBX14.72 Billion | GBX15.57 Billion | GBX21.40 Billion | ▼ -4.2 pp |
| 2013 | -35.3% | GBX-5.89 Billion | GBX16.66 Billion | GBX13.10 Billion | GBX18.98 Billion | ▲ +0.5 pp |
| 2012 | -35.9% | GBX-6.39 Billion | GBX17.80 Billion | GBX12.86 Billion | GBX19.25 Billion | ▲ +0.0 pp |
| 2012 | -35.9% | GBX-6.39 Billion | GBX17.80 Billion | GBX12.86 Billion | GBX19.25 Billion | ▼ -1.6 pp |
| 2011 | -34.2% | GBX-5.69 Billion | GBX16.62 Billion | GBX12.04 Billion | GBX17.73 Billion | ▼ -5.3 pp |
| 2010 | -28.9% | GBX-4.25 Billion | GBX14.68 Billion | GBX11.77 Billion | GBX16.02 Billion | ▲ +6.0 pp |
| 2009 | -35.0% | GBX-4.51 Billion | GBX12.91 Billion | GBX13.08 Billion | GBX17.59 Billion | ▲ +0.9 pp |
| 2008 | -35.9% | GBX-4.27 Billion | GBX11.90 Billion | GBX5.99 Billion | GBX10.26 Billion | ▲ +0.0 pp |
| 2008 | -35.9% | GBX-4.27 Billion | GBX11.90 Billion | GBX5.99 Billion | GBX10.26 Billion | ▼ -2.1 pp |
| 2007 | -33.8% | GBX-3.58 Billion | GBX10.57 Billion | GBX4.58 Billion | GBX8.15 Billion | ▲ +6.1 pp |
| 2006 | -39.9% | GBX-3.77 Billion | GBX9.44 Billion | GBX3.75 Billion | GBX7.52 Billion | ▼ -11.5 pp |
| 2005 | -28.4% | GBX-2.46 Billion | GBX8.65 Billion | GBX3.22 Billion | GBX5.68 Billion | ▲ +2.6 pp |
| 2004 | -31.0% | GBX-2.48 Billion | GBX7.99 Billion | GBX3.14 Billion | GBX5.62 Billion | ▲ +0.0 pp |
| 2004 | -31.0% | GBX-2.48 Billion | GBX7.99 Billion | GBX3.14 Billion | GBX5.62 Billion | ▲ +13.7 pp |
| 2003 | -44.7% | GBX-2.93 Billion | GBX6.56 Billion | GBX2.44 Billion | GBX5.37 Billion | ▲ +4.8 pp |
| 2002 | -49.5% | GBX-2.76 Billion | GBX5.57 Billion | GBX2.05 Billion | GBX4.81 Billion | ▲ +4.2 pp |
| 2001 | -53.7% | GBX-2.69 Billion | GBX5.01 Billion | GBX1.69 Billion | GBX4.39 Billion | ▼ -9.0 pp |
| 2000 | -44.7% | GBX-2.15 Billion | GBX4.80 Billion | GBX1.34 Billion | GBX3.49 Billion | ▲ +0.0 pp |
| 2000 | -44.7% | GBX-2.15 Billion | GBX4.80 Billion | GBX1.34 Billion | GBX3.49 Billion | ▼ -0.6 pp |
| 1999 | -44.1% | GBX-1.93 Billion | GBX4.38 Billion | GBX1.15 Billion | GBX3.08 Billion | ▲ +1.3 pp |
| 1998 | -45.4% | GBX-1.77 Billion | GBX3.90 Billion | GBX942.00 Million | GBX2.71 Billion | ▼ -11.2 pp |
| 1997 | -34.1% | GBX-1.33 Billion | GBX3.89 Billion | GBX773.00 Million | GBX2.10 Billion | ▲ +1.2 pp |
| 1996 | -35.4% | GBX-1.27 Billion | GBX3.59 Billion | GBX731.00 Million | GBX2.00 Billion | ▲ +0.0 pp |
| 1996 | -35.4% | GBX-1.27 Billion | GBX3.59 Billion | GBX731.00 Million | GBX2.00 Billion | ▼ -0.4 pp |
| 1995 | -34.9% | GBX-1.09 Billion | GBX3.11 Billion | GBX694.00 Million | GBX1.78 Billion | ▼ -9.1 pp |
| 1994 | -25.8% | GBX-710.00 Million | GBX2.75 Billion | GBX526.00 Million | GBX1.24 Billion | ▼ -6.2 pp |
| 1993 | -19.6% | GBX-527.80 Million | GBX2.69 Billion | GBX527.90 Million | GBX1.06 Billion | ▼ -3.1 pp |
| 1992 | -16.5% | GBX-403.20 Million | GBX2.45 Billion | GBX600.30 Million | GBX1.00 Billion | ▲ +0.0 pp |
| 1992 | -16.5% | GBX-403.20 Million | GBX2.45 Billion | GBX600.30 Million | GBX1.00 Billion | ▼ -2.4 pp |
| 1991 | -14.1% | GBX-304.30 Million | GBX2.16 Billion | GBX808.10 Million | GBX1.11 Billion | ▲ +23.7 pp |
| 1990 | -37.8% | GBX-474.00 Million | GBX1.25 Billion | GBX275.40 Million | GBX749.40 Million | ▼ -7.9 pp |
| 1989 | -29.9% | GBX-308.20 Million | GBX1.03 Billion | GBX317.00 Million | GBX625.20 Million | ▼ -1.6 pp |
| 1988 | -28.3% | GBX-245.60 Million | GBX867.40 Million | GBX263.10 Million | GBX508.70 Million | ▲ +0.0 pp |
| 1988 | -28.3% | GBX-245.60 Million | GBX867.40 Million | GBX263.10 Million | GBX508.70 Million | ▼ -1.7 pp |
| 1987 | -26.6% | GBX-183.60 Million | GBX690.10 Million | GBX256.80 Million | GBX440.40 Million | ▼ -8.7 pp |
| 1986 | -17.9% | GBX-105.20 Million | GBX588.60 Million | GBX351.10 Million | GBX456.30 Million | — |