Kulmbacher Brauerei Aktien-Gesellschaft (KUL) — Working Capital to Net Assets Ratio
Kulmbacher Brauerei Aktien-Gesellschaft (KUL) has a Working Capital to Net Assets ratio of -18.6% as of December 2025. Working capital of €-15.93 Million (current assets of €86.13 Million minus current liabilities of €102.06 Million) is measured against net assets of €85.55 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Kulmbacher Brauerei Aktien-Gesellschaft free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Kulmbacher Brauerei Aktien-Gesellschaft Working Capital to Net Assets (2015–2025)
This chart shows how Kulmbacher Brauerei Aktien-Gesellschaft's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at -18.6%, reflecting working capital of €-15.93 Million against net assets of €85.55 Million EUR. See Kulmbacher Brauerei Aktien-Gesellschaft liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Kulmbacher Brauerei Aktien-Gesellschaft (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Kulmbacher Brauerei Aktien-Gesellschaft from 2015 to 2025, covering 11 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 KUL market cap.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -18.6% | €-15.93 Million | €85.55 Million | €86.13 Million | €102.06 Million | ▲ +0.4 pp |
| 2024 | -19.0% | €-16.15 Million | €85.04 Million | €82.20 Million | €98.36 Million | ▲ +7.2 pp |
| 2023 | -26.2% | €-21.54 Million | €82.09 Million | €76.49 Million | €98.03 Million | ▼ -7.1 pp |
| 2022 | -19.2% | €-15.49 Million | €80.86 Million | €77.79 Million | €93.28 Million | ▼ -16.4 pp |
| 2021 | -2.7% | €-2.04 Million | €75.08 Million | €84.06 Million | €86.10 Million | ▼ -9.0 pp |
| 2020 | 6.3% | €5.18 Million | €82.41 Million | €87.78 Million | €82.61 Million | ▲ +11.1 pp |
| 2019 | -4.8% | €-3.88 Million | €80.85 Million | €73.38 Million | €77.26 Million | ▲ +1.2 pp |
| 2018 | -6.0% | €-4.74 Million | €78.80 Million | €65.12 Million | €69.86 Million | ▲ +9.2 pp |
| 2017 | -15.2% | €-11.19 Million | €73.56 Million | €57.00 Million | €68.19 Million | ▲ +1.5 pp |
| 2016 | -16.7% | €-11.47 Million | €68.82 Million | €57.19 Million | €68.67 Million | ▲ +11.1 pp |
| 2015 | -27.8% | €-17.14 Million | €61.75 Million | €48.64 Million | €65.78 Million | — |