Cellnex Telecom SA (CLNX) — Working Capital to Net Assets Ratio
Cellnex Telecom SA (CLNX) has a Working Capital to Net Assets ratio of -14.0% as of June 2026. Working capital of €-1.80 Billion (current assets of €2.99 Billion minus current liabilities of €4.80 Billion) is measured against net assets of €12.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Cellnex Telecom SA 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
Cellnex Telecom SA Working Capital to Net Assets (2011–2025)
This chart shows how Cellnex Telecom SA's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of June 2026, the ratio stands at -14.0%, reflecting working capital of €-1.80 Billion against net assets of €12.89 Billion EUR. For the complete balance sheet picture, see Cellnex Telecom SA asset portfolio.
Annual Working Capital to Net Assets for Cellnex Telecom SA (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cellnex Telecom SA from 2011 to 2025, covering 15 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 financial resilience of Cellnex Telecom SA to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -18.3% | €-2.44 Billion | €13.32 Billion | €2.50 Billion | €4.94 Billion | ▼ -8.1 pp |
| 2024 | -10.2% | €-1.56 Billion | €15.32 Billion | €2.24 Billion | €3.80 Billion | ▼ -5.2 pp |
| 2023 | -5.0% | €-756.76 Million | €15.15 Billion | €2.48 Billion | €3.24 Billion | ▼ -4.6 pp |
| 2022 | -0.4% | €-63.36 Million | €15.19 Billion | €2.22 Billion | €2.28 Billion | ▼ -15.3 pp |
| 2021 | 14.9% | €2.36 Billion | €15.84 Billion | €5.09 Billion | €2.72 Billion | ▼ -30.9 pp |
| 2020 | 45.8% | €4.09 Billion | €8.93 Billion | €5.16 Billion | €1.07 Billion | ▲ +5.0 pp |
| 2019 | 40.8% | €2.06 Billion | €5.05 Billion | €2.72 Billion | €660.92 Million | ▲ +17.4 pp |
| 2018 | 23.4% | €144.08 Million | €615.37 Million | €653.89 Million | €509.81 Million | ▼ -6.4 pp |
| 2017 | 29.9% | €192.58 Million | €644.91 Million | €523.53 Million | €330.95 Million | ▲ +0.8 pp |
| 2016 | 29.0% | €160.01 Million | €551.20 Million | €350.95 Million | €190.94 Million | ▲ +25.2 pp |
| 2015 | 3.8% | €20.56 Million | €537.22 Million | €219.48 Million | €198.92 Million | ▼ -7.7 pp |
| 2014 | 11.5% | €57.58 Million | €501.39 Million | €281.88 Million | €224.30 Million | ▲ +5.2 pp |
| 2013 | 6.3% | €30.59 Million | €487.48 Million | €171.52 Million | €140.93 Million | ▼ -10.2 pp |
| 2012 | 16.5% | €67.36 Million | €408.40 Million | €166.27 Million | €98.91 Million | ▼ -3.1 pp |
| 2011 | 19.6% | €74.34 Million | €378.59 Million | €170.79 Million | €96.45 Million | — |