Vodafone Group PLC (VOD) — Working Capital to Net Assets Ratio
Vodafone Group PLC (VOD) has a Working Capital to Net Assets ratio of 5.7% as of March 2026. Working capital of GBX3.13 Billion (current assets of GBX27.14 Billion minus current liabilities of GBX24.02 Billion) is measured against net assets of GBX54.52 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Vodafone Group PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vodafone Group PLC Working Capital to Net Assets (1987–2026)
This chart shows how Vodafone Group PLC's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1987 to 2026. As of March 2026, the ratio stands at 5.7%, reflecting working capital of GBX3.13 Billion against net assets of GBX54.52 Billion GBX. For the complete balance sheet picture, see VOD total assets.
Annual Working Capital to Net Assets for Vodafone Group PLC (1987–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vodafone Group PLC from 1987 to 2026, covering 40 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 Vodafone Group PLC 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) |
|---|---|---|---|---|---|---|
| 2026 | 5.7% | GBX3.13 Billion | GBX54.52 Billion | GBX27.14 Billion | GBX24.02 Billion | ▼ -5.1 pp |
| 2025 | 10.9% | GBX5.87 Billion | GBX53.92 Billion | GBX28.62 Billion | GBX22.75 Billion | ▼ -4.5 pp |
| 2024 | 15.3% | GBX9.36 Billion | GBX61.00 Billion | GBX39.56 Billion | GBX30.20 Billion | ▲ +21.4 pp |
| 2023 | -6.1% | GBX-3.92 Billion | GBX64.48 Billion | GBX30.66 Billion | GBX34.58 Billion | ▲ +4.6 pp |
| 2022 | -10.6% | GBX-6.07 Billion | GBX57.07 Billion | GBX27.58 Billion | GBX33.65 Billion | ▼ -9.9 pp |
| 2021 | -0.8% | GBX-441.00 Million | GBX57.82 Billion | GBX28.27 Billion | GBX28.71 Billion | ▲ +0.1 pp |
| 2020 | -0.9% | GBX-551.00 Million | GBX62.62 Billion | GBX32.83 Billion | GBX33.38 Billion | ▼ -23.0 pp |
| 2019 | 22.2% | GBX14.06 Billion | GBX63.45 Billion | GBX39.59 Billion | GBX25.52 Billion | ▲ +23.7 pp |
| 2018 | -1.6% | GBX-1.07 Billion | GBX68.61 Billion | GBX37.95 Billion | GBX39.02 Billion | ▼ -2.0 pp |
| 2017 | 0.5% | GBX348.00 Million | GBX73.72 Billion | GBX42.74 Billion | GBX42.39 Billion | ▲ +8.3 pp |
| 2016 | -7.8% | GBX-6.66 Billion | GBX85.36 Billion | GBX35.69 Billion | GBX42.35 Billion | ▲ +5.6 pp |
| 2015 | -13.4% | GBX-12.38 Billion | GBX92.62 Billion | GBX27.14 Billion | GBX39.51 Billion | ▼ -12.9 pp |
| 2014 | -0.4% | GBX-383.47 Million | GBX86.83 Billion | GBX29.91 Billion | GBX30.29 Billion | ▲ +10.5 pp |
| 2013 | -10.9% | GBX-9.42 Billion | GBX86.00 Billion | GBX27.63 Billion | GBX37.05 Billion | ▼ -5.8 pp |
| 2012 | -5.1% | GBX-4.80 Billion | GBX93.85 Billion | GBX24.03 Billion | GBX28.83 Billion | ▲ +6.4 pp |
| 2011 | -11.5% | GBX-11.46 Billion | GBX99.66 Billion | GBX19.35 Billion | GBX30.82 Billion | ▲ +4.4 pp |
| 2010 | -15.9% | GBX-16.16 Billion | GBX101.94 Billion | GBX15.96 Billion | GBX32.12 Billion | ▲ +1.7 pp |
| 2009 | -17.6% | GBX-16.11 Billion | GBX91.54 Billion | GBX14.07 Billion | GBX30.18 Billion | ▼ -0.3 pp |
| 2008 | -17.3% | GBX-16.65 Billion | GBX96.08 Billion | GBX10.96 Billion | GBX27.61 Billion | ▼ -8.2 pp |
| 2007 | -9.1% | GBX-9.04 Billion | GBX99.14 Billion | GBX18.88 Billion | GBX27.91 Billion | ▼ -9.2 pp |
| 2006 | 0.1% | GBX98.94 Million | GBX122.33 Billion | GBX25.99 Billion | GBX25.89 Billion | ▲ +4.7 pp |
| 2005 | -4.6% | GBX-7.59 Billion | GBX165.68 Billion | GBX13.72 Billion | GBX21.31 Billion | ▼ -2.9 pp |
| 2004 | -1.6% | GBX-2.81 Billion | GBX172.18 Billion | GBX19.70 Billion | GBX22.51 Billion | ▲ +2.7 pp |
| 2003 | -4.3% | GBX-8.26 Billion | GBX190.61 Billion | GBX12.45 Billion | GBX20.71 Billion | ▼ -1.3 pp |
| 2002 | -3.0% | GBX-6.58 Billion | GBX218.19 Billion | GBX15.43 Billion | GBX22.00 Billion | ▼ -7.0 pp |
| 2001 | 3.9% | GBX9.39 Billion | GBX238.49 Billion | GBX29.41 Billion | GBX20.02 Billion | ▲ +5.3 pp |
| 2000 | -1.4% | GBX-3.21 Billion | GBX237.32 Billion | GBX4.20 Billion | GBX7.40 Billion | ▲ +78.5 pp |
| 1999 | -79.9% | GBX-1.10 Billion | GBX1.38 Billion | GBX1.18 Billion | GBX2.29 Billion | ▲ +140.3 pp |
| 1998 | -220.2% | GBX-1.30 Billion | GBX589.34 Million | GBX917.47 Million | GBX2.22 Billion | ▼ -157.7 pp |
| 1997 | -62.5% | GBX-731.36 Million | GBX1.17 Billion | GBX699.17 Million | GBX1.43 Billion | ▼ -38.9 pp |
| 1996 | -23.6% | GBX-294.03 Million | GBX1.24 Billion | GBX414.68 Million | GBX708.71 Million | ▼ -7.2 pp |
| 1995 | -16.4% | GBX-164.06 Million | GBX997.80 Million | GBX375.70 Million | GBX539.76 Million | ▼ -18.5 pp |
| 1994 | 2.1% | GBX18.56 Million | GBX899.69 Million | GBX430.77 Million | GBX412.22 Million | ▼ -9.5 pp |
| 1993 | 11.5% | GBX85.74 Million | GBX742.57 Million | GBX381.23 Million | GBX295.49 Million | ▲ +7.5 pp |
| 1992 | 4.0% | GBX25.58 Million | GBX632.25 Million | GBX305.57 Million | GBX279.99 Million | ▲ +8.0 pp |
| 1991 | -4.0% | GBX-24.16 Million | GBX603.35 Million | GBX258.38 Million | GBX282.54 Million | ▲ +23.7 pp |
| 1990 | -27.7% | GBX-101.67 Million | GBX366.80 Million | GBX147.79 Million | GBX249.46 Million | ▼ -13.1 pp |
| 1989 | -14.6% | GBX-40.54 Million | GBX277.09 Million | GBX127.11 Million | GBX167.66 Million | ▲ +2.8 pp |
| 1988 | -17.4% | GBX-8.29 Million | GBX47.67 Million | GBX94.29 Million | GBX102.59 Million | ▼ -11.6 pp |
| 1987 | -5.8% | GBX-1.92 Million | GBX32.83 Million | GBX88.99 Million | GBX90.91 Million | — |