National Energy Services Reunited Corp Ordinary Shares (NESR) — Working Capital to Net Assets Ratio
National Energy Services Reunited Corp Ordinary Shares (NESR) has a Working Capital to Net Assets ratio of 2.6% as of December 2025. Working capital of $25.45 Million (current assets of $630.37 Million minus current liabilities of $604.92 Million) is measured against net assets of $967.92 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See National Energy Services Reunited Corp O free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
National Energy Services Reunited Corp Ordinary Shares Working Capital to Net Assets (2017–2025)
This chart shows how National Energy Services Reunited Corp Ordinary Shares's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 2.6%, reflecting working capital of $25.45 Million against net assets of $967.92 Million USD. See operational self-sufficiency of National Energy Services Reunited Corp O to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for National Energy Services Reunited Corp Ordinary Shares (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Energy Services Reunited Corp Ordinary Shares from 2017 to 2025, 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 National Energy Services Reunited Corp O (NESR) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 2.6% | $25.45 Million | $967.92 Million | $630.37 Million | $604.92 Million | ▼ -1.4 pp |
| 2024 | 4.1% | $37.00 Million | $908.23 Million | $540.52 Million | $503.51 Million | ▲ +3.1 pp |
| 2023 | 1.0% | $8.27 Million | $821.49 Million | $541.72 Million | $533.45 Million | ▲ +1.8 pp |
| 2022 | -0.8% | $-6.25 Million | $802.35 Million | $537.81 Million | $544.07 Million | ▼ -24.6 pp |
| 2021 | 23.8% | $195.50 Million | $821.03 Million | $627.37 Million | $431.87 Million | ▲ +7.3 pp |
| 2020 | 16.5% | $155.85 Million | $944.42 Million | $515.22 Million | $359.37 Million | ▼ -3.2 pp |
| 2019 | 19.7% | $175.07 Million | $886.47 Million | $403.21 Million | $228.14 Million | ▲ +9.7 pp |
| 2018 | 10.0% | $85.82 Million | $855.39 Million | $314.79 Million | $228.97 Million | ▲ +11.2 pp |
| 2017 | -1.2% | $-2.61 Million | $218.93 Million | $868.52K | $3.47 Million | — |