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