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$239.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Grupo Financiero Banorte S.A.B. de C.V defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Grupo Financiero Banorte S.A.B. de C.V Working Capital to Net Assets (2014–2022)
This chart shows how Grupo Financiero Banorte S.A.B. de C.V's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2014 to 2022. As of December 2022, the ratio stands at -501.9%, reflecting working capital of MX$-1.20 Trillion against net assets of MX$239.03 Billion MXN. For the complete balance sheet picture, see total assets of Grupo Financiero Banorte S.A.B. de C.V.
Annual Working Capital to Net Assets for Grupo Financiero Banorte S.A.B. de C.V (2014–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Grupo Financiero Banorte S.A.B. de C.V from 2014 to 2022, covering 9 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check GFNORTEO financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (MXN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | -501.9% | MX$-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 | — |