Novocure Ltd (NVCR) — Working Capital to Net Assets Ratio
Novocure Ltd (NVCR) has a Working Capital to Net Assets ratio of 125.2% as of March 2026. Working capital of $414.08 Million (current assets of $631.66 Million minus current liabilities of $217.58 Million) is measured against net assets of $330.72 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Novocure Ltd (NVCR) 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
Novocure Ltd Working Capital to Net Assets (2013–2025)
This chart shows how Novocure Ltd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 125.2%, reflecting working capital of $414.08 Million against net assets of $330.72 Million USD. See Novocure Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Novocure Ltd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Novocure Ltd from 2013 to 2025, covering 13 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 NVCR stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 124.4% | $423.50 Million | $340.47 Million | $646.73 Million | $223.23 Million | ▲ +27.2 pp |
| 2024 | 97.2% | $350.20 Million | $360.18 Million | $1.11 Billion | $756.38 Million | ▼ -138.7 pp |
| 2023 | 235.9% | $855.29 Million | $362.50 Million | $1.03 Billion | $179.12 Million | ▲ +20.0 pp |
| 2022 | 216.0% | $952.75 Million | $441.17 Million | $1.11 Billion | $158.78 Million | ▼ -10.8 pp |
| 2021 | 226.8% | $930.92 Million | $410.49 Million | $1.07 Billion | $142.60 Million | ▲ +40.9 pp |
| 2020 | 185.9% | $885.83 Million | $476.53 Million | $999.44 Million | $113.61 Million | ▲ +23.5 pp |
| 2019 | 162.4% | $353.64 Million | $217.79 Million | $439.95 Million | $86.31 Million | ▼ -66.4 pp |
| 2018 | 228.8% | $256.81 Million | $112.26 Million | $321.37 Million | $64.56 Million | ▲ +57.1 pp |
| 2017 | 171.6% | $194.93 Million | $113.56 Million | $245.13 Million | $50.20 Million | ▲ +13.6 pp |
| 2016 | 158.1% | $224.99 Million | $142.34 Million | $261.87 Million | $36.88 Million | ▲ +52.3 pp |
| 2015 | 105.8% | $265.28 Million | $250.82 Million | $293.90 Million | $28.63 Million | ▲ +9.6 pp |
| 2014 | 96.2% | $94.16 Million | $97.88 Million | $111.83 Million | $17.67 Million | ▼ -1.5 pp |
| 2013 | 97.7% | $167.88 Million | $171.78 Million | $183.48 Million | $15.60 Million | — |