Vodafone Group Plc (VODN) — Working Capital to Net Assets Ratio
Vodafone Group Plc (VODN) has a Working Capital to Net Assets ratio of 6.1% as of March 2026. Working capital of MX$3.30 Billion (current assets of MX$27.29 Billion minus current liabilities of MX$24.00 Billion) is measured against net assets of MX$54.37 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VODN FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vodafone Group Plc Working Capital to Net Assets (2013–2026)
This chart shows how Vodafone Group Plc's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2013 to 2026. As of March 2026, the ratio stands at 6.1%, reflecting working capital of MX$3.30 Billion against net assets of MX$54.37 Billion MXN. See VODN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Vodafone Group Plc (2013–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vodafone Group Plc from 2013 to 2026, covering 14 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 VODN market cap overview.
| Year | WC/NA Ratio | Working Capital (MXN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 6.1% | MX$3.30 Billion | MX$54.37 Billion | MX$27.29 Billion | MX$24.00 Billion | ▼ -4.8 pp |
| 2025 | 10.9% | MX$5.87 Billion | MX$53.92 Billion | MX$28.62 Billion | MX$22.75 Billion | ▼ -4.5 pp |
| 2024 | 15.3% | MX$9.36 Billion | MX$61.00 Billion | MX$39.56 Billion | MX$30.20 Billion | ▲ +21.4 pp |
| 2023 | -6.1% | MX$-3.92 Billion | MX$64.48 Billion | MX$30.66 Billion | MX$34.58 Billion | ▲ +4.6 pp |
| 2022 | -10.7% | MX$-6.07 Billion | MX$56.98 Billion | MX$27.58 Billion | MX$33.65 Billion | ▼ -9.9 pp |
| 2021 | -0.8% | MX$-441.00 Million | MX$57.82 Billion | MX$28.27 Billion | MX$28.71 Billion | ▲ +0.1 pp |
| 2020 | -0.9% | MX$-551.00 Million | MX$62.62 Billion | MX$32.83 Billion | MX$33.38 Billion | ▼ -23.0 pp |
| 2019 | 22.2% | MX$14.06 Billion | MX$63.45 Billion | MX$39.59 Billion | MX$25.52 Billion | ▲ +23.7 pp |
| 2018 | -1.6% | MX$-1.07 Billion | MX$68.61 Billion | MX$37.95 Billion | MX$39.02 Billion | ▼ -2.0 pp |
| 2017 | 0.5% | MX$348.00 Million | MX$73.72 Billion | MX$42.74 Billion | MX$42.39 Billion | ▲ +8.3 pp |
| 2016 | -7.8% | MX$-6.64 Billion | MX$85.14 Billion | MX$35.59 Billion | MX$42.23 Billion | ▲ +5.6 pp |
| 2015 | -13.4% | MX$-9.05 Billion | MX$67.73 Billion | MX$19.85 Billion | MX$28.90 Billion | ▼ -12.9 pp |
| 2014 | -0.4% | MX$-317.00 Million | MX$71.78 Billion | MX$24.72 Billion | MX$25.04 Billion | ▲ +8.8 pp |
| 2013 | -9.3% | MX$-6.72 Billion | MX$72.49 Billion | MX$21.65 Billion | MX$28.37 Billion | — |