Unilever PLC (ULVR) — Working Capital to Net Assets Ratio
Unilever PLC (ULVR) has a Working Capital to Net Assets ratio of -41.0% as of June 2026. Working capital of GBX-7.50 Billion (current assets of GBX21.39 Billion minus current liabilities of GBX28.89 Billion) is measured against net assets of GBX18.31 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ULVR defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Unilever PLC Working Capital to Net Assets (1985–2025)
This chart shows how Unilever PLC's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at -41.0%, reflecting working capital of GBX-7.50 Billion against net assets of GBX18.31 Billion GBX. For the complete balance sheet picture, see balance sheet size of Unilever PLC.
Annual Working Capital to Net Assets for Unilever PLC (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Unilever 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. Check ULVR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -26.1% | GBX-4.60 Billion | GBX17.61 Billion | GBX17.09 Billion | GBX21.69 Billion | ▲ +0.6 pp |
| 2024 | -26.8% | GBX-6.04 Billion | GBX22.55 Billion | GBX19.19 Billion | GBX25.23 Billion | ▲ +0.2 pp |
| 2023 | -27.0% | GBX-5.61 Billion | GBX20.76 Billion | GBX17.90 Billion | GBX23.51 Billion | ▲ +1.9 pp |
| 2022 | -28.9% | GBX-6.27 Billion | GBX21.70 Billion | GBX19.16 Billion | GBX25.43 Billion | ▲ +8.5 pp |
| 2021 | -37.4% | GBX-7.38 Billion | GBX19.75 Billion | GBX17.40 Billion | GBX24.78 Billion | ▼ -12.2 pp |
| 2020 | -25.1% | GBX-4.43 Billion | GBX17.66 Billion | GBX16.16 Billion | GBX20.59 Billion | ▲ +7.6 pp |
| 2019 | -32.8% | GBX-4.55 Billion | GBX13.89 Billion | GBX16.43 Billion | GBX20.98 Billion | ▲ +2.2 pp |
| 2018 | -34.9% | GBX-4.29 Billion | GBX12.29 Billion | GBX15.48 Billion | GBX19.77 Billion | ▲ +8.1 pp |
| 2017 | -43.1% | GBX-6.19 Billion | GBX14.39 Billion | GBX16.98 Billion | GBX23.18 Billion | ▼ -3.8 pp |
| 2016 | -39.3% | GBX-6.67 Billion | GBX16.98 Billion | GBX13.88 Billion | GBX20.56 Billion | ▲ +6.3 pp |
| 2015 | -45.6% | GBX-7.33 Billion | GBX16.08 Billion | GBX12.69 Billion | GBX20.02 Billion | ▲ +5.5 pp |
| 2014 | -51.1% | GBX-7.29 Billion | GBX14.26 Billion | GBX12.35 Billion | GBX19.64 Billion | ▼ -15.6 pp |
| 2013 | -35.5% | GBX-5.26 Billion | GBX14.81 Billion | GBX12.12 Billion | GBX17.38 Billion | ▼ -12.2 pp |
| 2012 | -23.3% | GBX-3.67 Billion | GBX15.72 Billion | GBX12.15 Billion | GBX15.81 Billion | ▲ +1.0 pp |
| 2011 | -24.4% | GBX-3.64 Billion | GBX14.92 Billion | GBX14.29 Billion | GBX17.93 Billion | ▼ -16.9 pp |
| 2010 | -7.4% | GBX-1.12 Billion | GBX15.08 Billion | GBX12.48 Billion | GBX13.61 Billion | ▼ -1.2 pp |
| 2009 | -6.3% | GBX-788.00 Million | GBX12.54 Billion | GBX10.81 Billion | GBX11.60 Billion | ▲ +19.0 pp |
| 2008 | -25.3% | GBX-2.62 Billion | GBX10.37 Billion | GBX11.18 Billion | GBX13.80 Billion | ▲ +4.3 pp |
| 2007 | -29.6% | GBX-3.79 Billion | GBX12.82 Billion | GBX9.77 Billion | GBX13.56 Billion | ▲ +8.1 pp |
| 2006 | -37.7% | GBX-4.40 Billion | GBX11.67 Billion | GBX9.49 Billion | GBX13.88 Billion | ▲ +13.3 pp |
| 2005 | -51.0% | GBX-4.47 Billion | GBX8.77 Billion | GBX10.93 Billion | GBX15.39 Billion | ▼ -2.5 pp |
| 2004 | -48.4% | GBX-3.70 Billion | GBX7.63 Billion | GBX10.49 Billion | GBX14.19 Billion | ▼ -97.1 pp |
| 2003 | 48.7% | GBX2.19 Billion | GBX4.50 Billion | GBX9.48 Billion | GBX7.29 Billion | ▲ +5.2 pp |
| 2002 | 43.5% | GBX2.31 Billion | GBX5.31 Billion | GBX13.95 Billion | GBX11.64 Billion | ▲ +150.2 pp |
| 2001 | -106.7% | GBX-8.38 Billion | GBX7.86 Billion | GBX14.83 Billion | GBX23.21 Billion | ▼ -13.5 pp |
| 2000 | -93.2% | GBX-12.92 Billion | GBX13.87 Billion | GBX31.86 Billion | GBX44.78 Billion | ▼ -166.9 pp |
| 1999 | 73.7% | GBX6.14 Billion | GBX8.34 Billion | GBX18.27 Billion | GBX12.13 Billion | ▼ -1.8 pp |
| 1998 | 75.5% | GBX3.89 Billion | GBX5.15 Billion | GBX21.85 Billion | GBX17.96 Billion | ▼ -16.0 pp |
| 1997 | 91.5% | GBX10.63 Billion | GBX11.61 Billion | GBX20.39 Billion | GBX9.76 Billion | ▲ +36.1 pp |
| 1996 | 55.4% | GBX4.21 Billion | GBX7.60 Billion | GBX13.99 Billion | GBX9.79 Billion | ▲ +5.3 pp |
| 1995 | 50.0% | GBX3.60 Billion | GBX7.21 Billion | GBX12.66 Billion | GBX9.06 Billion | ▲ +1.3 pp |
| 1994 | 48.7% | GBX3.35 Billion | GBX6.88 Billion | GBX12.49 Billion | GBX9.14 Billion | ▲ +14.1 pp |
| 1993 | 34.6% | GBX2.27 Billion | GBX6.56 Billion | GBX11.78 Billion | GBX9.51 Billion | ▼ -5.7 pp |
| 1992 | 40.3% | GBX2.56 Billion | GBX6.35 Billion | GBX10.90 Billion | GBX8.34 Billion | ▼ -4.9 pp |
| 1991 | 45.3% | GBX2.47 Billion | GBX5.46 Billion | GBX10.34 Billion | GBX7.87 Billion | ▼ -5.8 pp |
| 1990 | 51.1% | GBX2.37 Billion | GBX4.64 Billion | GBX10.00 Billion | GBX7.63 Billion | ▲ +7.8 pp |
| 1989 | 43.3% | GBX1.82 Billion | GBX4.20 Billion | GBX9.75 Billion | GBX7.93 Billion | ▼ -12.0 pp |
| 1988 | 55.2% | GBX3.04 Billion | GBX5.51 Billion | GBX10.19 Billion | GBX7.15 Billion | ▼ -5.7 pp |
| 1987 | 61.0% | GBX3.01 Billion | GBX4.95 Billion | GBX8.51 Billion | GBX5.50 Billion | ▲ +41.6 pp |
| 1986 | 19.4% | GBX1.04 Billion | GBX5.36 Billion | GBX11.12 Billion | GBX10.08 Billion | ▼ -44.2 pp |
| 1985 | 63.6% | GBX3.67 Billion | GBX5.76 Billion | GBX9.68 Billion | GBX6.02 Billion | — |