Grindrod Shipping Holdings Ltd (GRIN) — Working Capital to Net Assets Ratio
Grindrod Shipping Holdings Ltd (GRIN) has a Working Capital to Net Assets ratio of 4.7% as of December 2023. Working capital of $11.45 Million (current assets of $98.08 Million minus current liabilities of $86.62 Million) is measured against net assets of $246.12 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Grindrod Shipping Holdings Ltd to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Grindrod Shipping Holdings Ltd Working Capital to Net Assets (2015–2023)
This chart shows how Grindrod Shipping Holdings Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2015 to 2023. As of December 2023, the ratio stands at 4.7%, reflecting working capital of $11.45 Million against net assets of $246.12 Million USD. For the complete balance sheet picture, see total assets of Grindrod Shipping Holdings Ltd.
Annual Working Capital to Net Assets for Grindrod Shipping Holdings Ltd (2015–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Grindrod Shipping Holdings Ltd from 2015 to 2023, 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 Grindrod Shipping Holdings Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 4.7% | $11.45 Million | $246.12 Million | $98.08 Million | $86.62 Million | ▼ -0.4 pp |
| 2022 | 5.1% | $14.55 Million | $287.45 Million | $105.23 Million | $90.68 Million | ▼ -14.1 pp |
| 2021 | 19.1% | $61.15 Million | $319.63 Million | $161.49 Million | $100.34 Million | ▲ +33.0 pp |
| 2020 | -13.9% | $-35.29 Million | $254.02 Million | $82.61 Million | $117.90 Million | ▼ -15.7 pp |
| 2019 | 1.8% | $4.71 Million | $260.06 Million | $91.50 Million | $86.79 Million | ▼ -20.9 pp |
| 2018 | 22.7% | $66.28 Million | $292.50 Million | $122.95 Million | $56.67 Million | ▲ +15.2 pp |
| 2017 | 7.5% | $23.95 Million | $319.74 Million | $187.20 Million | $163.25 Million | ▲ +2.2 pp |
| 2016 | 5.3% | $19.16 Million | $363.10 Million | $160.82 Million | $141.66 Million | ▲ +10.7 pp |
| 2015 | -5.5% | $-21.80 Million | $399.08 Million | $144.57 Million | $166.37 Million | — |