Freedom Holding Corp (FRHC) — Working Capital to Net Assets Ratio
Freedom Holding Corp (FRHC) has a Working Capital to Net Assets ratio of 158.3% as of December 2025. Working capital of $2.21 Billion (current assets of $10.81 Billion minus current liabilities of $8.60 Billion) is measured against net assets of $1.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Freedom Holding Corp's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Freedom Holding Corp Working Capital to Net Assets (1997–2025)
This chart shows how Freedom Holding Corp's Working Capital to Net Assets ratio has evolved across 24 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 158.3%, reflecting working capital of $2.21 Billion against net assets of $1.39 Billion USD. Check Freedom Holding Corp (FRHC) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Freedom Holding Corp (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Freedom Holding Corp from 1997 to 2025, covering 24 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 Freedom Holding Corp (FRHC) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 188.3% | $2.29 Billion | $1.21 Billion | $9.50 Billion | $7.22 Billion | ▲ +13.3 pp |
| 2024 | 175.0% | $2.04 Billion | $1.17 Billion | $8.08 Billion | $6.03 Billion | ▲ +3.6 pp |
| 2023 | 171.3% | $1.32 Billion | $770.74 Million | $4.96 Billion | $3.64 Billion | ▲ +46.3 pp |
| 2022 | 125.0% | $683.26 Million | $546.61 Million | $3.19 Billion | $2.51 Billion | ▲ +16.1 pp |
| 2021 | 108.9% | $300.28 Million | $275.67 Million | $2.06 Billion | $1.76 Billion | ▼ -44.1 pp |
| 2020 | 153.0% | $197.45 Million | $129.04 Million | $425.28 Million | $227.83 Million | ▲ +29.5 pp |
| 2019 | 123.5% | $145.29 Million | $117.60 Million | $336.04 Million | $190.75 Million | ▲ +10.2 pp |
| 2018 | 113.4% | $130.47 Million | $115.10 Million | $323.51 Million | $193.05 Million | ▲ +5590.1 pp |
| 2017 | -5476.7% | $8.38 Million | $-152.98K | $8.58 Million | $206.07K | ▼ -13686.8 pp |
| 2016 | 8210.1% | $8.63 Million | $105.16K | $8.68 Million | $50.33K | ▲ +30528.7 pp |
| 2015 | -22318.6% | $8.50 Million | $-38.08K | $8.62 Million | $125.17K | ▲ +21838.9 pp |
| 2014 | -44157.5% | $8.52 Million | $-19.30K | $8.59 Million | $66.18K | ▼ -44806.0 pp |
| 2013 | 648.5% | $10.07 Million | $1.55 Million | $10.46 Million | $395.77K | ▲ +549.5 pp |
| 2012 | 99.0% | $21.16 Million | $21.38 Million | $41.21 Million | $20.05 Million | ▲ +104.1 pp |
| 2011 | -5.1% | $-11.18 Million | $218.61 Million | $18.93 Million | $30.10 Million | ▼ -8.7 pp |
| 2010 | 3.6% | $7.55 Million | $210.26 Million | $16.95 Million | $9.39 Million | ▲ +9.4 pp |
| 2009 | -5.8% | $-11.22 Million | $192.12 Million | $12.89 Million | $24.11 Million | ▼ -7.9 pp |
| 2008 | 2.1% | $3.29 Million | $159.80 Million | $26.52 Million | $23.23 Million | ▼ -14.5 pp |
| 2007 | 16.6% | $20.85 Million | $125.56 Million | $29.97 Million | $9.12 Million | ▼ -30.5 pp |
| 2006 | 47.2% | $54.05 Million | $114.63 Million | $58.67 Million | $4.62 Million | ▲ +26.5 pp |
| 2005 | 20.7% | $11.31 Million | $54.75 Million | $18.31 Million | $7.00 Million | ▲ +7.4 pp |
| 1999 | 13.3% | $1.05 Million | $7.92 Million | $21.96 Million | $20.91 Million | ▲ +15.7 pp |
| 1998 | -2.4% | $-163.27K | $6.69 Million | $40.33 Million | $40.49 Million | ▼ -50.5 pp |
| 1997 | 48.1% | $1.75 Million | $3.64 Million | $36.34 Million | $34.59 Million | — |