Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) — Working Capital to Net Assets Ratio
Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) has a Working Capital to Net Assets ratio of -501.9% as of December 2022. Working capital of MX$-1.20 Trillion (current assets of MX$235.10 Billion minus current liabilities of MX$1.43 Trillion) is measured against net assets of MX$239.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Grupo Financiero Banorte S.A.B. de C.V balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Grupo Financiero Banorte S.A.B. de C.V Working Capital to Net Assets (2014–2022)
This chart shows how Grupo Financiero Banorte S.A.B. de C.V's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2014 to 2022. As of December 2022, the ratio stands at -501.9%, reflecting working capital of MX$-1.20 Trillion against net assets of MX$239.03 Billion MXN. Check Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Grupo Financiero Banorte S.A.B. de C.V (2014–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Grupo Financiero Banorte S.A.B. de C.V from 2014 to 2022, covering 9 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Grupo Financiero Banorte S.A.B. de C.V.
| Year | WC/NA Ratio | Working Capital (MXN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | -501.9% | MX$-1.20 Trillion | MX$239.03 Billion | MX$235.10 Billion | MX$1.43 Trillion | ▼ -57.2 pp |
| 2021 | -444.7% | MX$-1.06 Trillion | MX$237.24 Billion | MX$192.60 Billion | MX$1.25 Trillion | ▼ -8.3 pp |
| 2020 | -436.4% | MX$-982.43 Billion | MX$225.10 Billion | MX$265.19 Billion | MX$1.25 Trillion | ▲ +57.6 pp |
| 2019 | -494.0% | MX$-968.22 Billion | MX$196.00 Billion | MX$142.17 Billion | MX$1.11 Trillion | ▲ +73.5 pp |
| 2018 | -567.5% | MX$-990.04 Billion | MX$174.46 Billion | MX$165.91 Billion | MX$1.16 Trillion | ▼ -7.2 pp |
| 2017 | -560.2% | MX$-826.83 Billion | MX$147.58 Billion | MX$176.41 Billion | MX$1.00 Trillion | ▼ -12.4 pp |
| 2016 | -547.9% | MX$-781.83 Billion | MX$142.70 Billion | MX$180.91 Billion | MX$962.74 Billion | ▼ -4.6 pp |
| 2015 | -543.3% | MX$-746.27 Billion | MX$137.35 Billion | MX$175.90 Billion | MX$922.17 Billion | ▲ +23.9 pp |
| 2014 | -567.2% | MX$-707.14 Billion | MX$124.67 Billion | MX$136.12 Billion | MX$843.26 Billion | — |