Borr Drilling Ltd (BORR) — Working Capital to Net Assets Ratio
Borr Drilling Ltd (BORR) has a Working Capital to Net Assets ratio of 31.8% as of December 2025. Working capital of $388.40 Million (current assets of $739.10 Million minus current liabilities of $350.70 Million) is measured against net assets of $1.22 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Borr Drilling Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Borr Drilling Ltd Working Capital to Net Assets (2016–2025)
This chart shows how Borr Drilling Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 31.8%, reflecting working capital of $388.40 Million against net assets of $1.22 Billion USD. See BORR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Borr Drilling Ltd (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Borr Drilling Ltd from 2016 to 2025, covering 10 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 Borr Drilling Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 31.8% | $388.40 Million | $1.22 Billion | $739.10 Million | $350.70 Million | ▲ +21.0 pp |
| 2024 | 10.8% | $107.00 Million | $993.30 Million | $516.60 Million | $409.60 Million | ▲ +5.7 pp |
| 2023 | 5.0% | $49.50 Million | $984.00 Million | $409.90 Million | $360.40 Million | ▲ +49.1 pp |
| 2022 | -44.1% | $-395.70 Million | $897.80 Million | $349.90 Million | $745.60 Million | ▼ -50.6 pp |
| 2021 | 6.6% | $58.30 Million | $889.90 Million | $176.20 Million | $117.90 Million | ▲ +2.9 pp |
| 2020 | 3.6% | $37.60 Million | $1.04 Billion | $133.60 Million | $96.00 Million | ▲ +3.1 pp |
| 2019 | 0.5% | $6.50 Million | $1.29 Billion | $256.20 Million | $249.70 Million | ▼ -5.3 pp |
| 2018 | 5.8% | $89.30 Million | $1.53 Billion | $208.60 Million | $119.30 Million | ▼ -7.9 pp |
| 2017 | 13.7% | $204.40 Million | $1.49 Billion | $225.50 Million | $21.10 Million | ▼ -73.7 pp |
| 2016 | 87.3% | $137.88 Million | $157.84 Million | $138.12 Million | $244.00K | — |