Frontline Ltd Working Capital to Net Assets Ratio
Frontline Ltd working capital to net assets ratio. Frontline Ltd (FRO) has a Working Capital to Net Assets ratio of 8.5% as of December 2025. Working capital of $212.55 Million (current assets of $707.25 Million minus current liabilities of $494.71 Million) is measured against net assets of $2.51 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Frontline Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Frontline Ltd (1993–2025)
Working capital to net assets ratio of Frontline Ltd from 1993 to 2025. This chart shows how Frontline Ltd's Working Capital to Net Assets ratio has evolved across 33 annual periods from 1993 to 2025. As of December 2025, the ratio stands at 8.5%, reflecting working capital of $212.55 Million against net assets of $2.51 Billion USD. See FRO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Frontline Ltd Working Capital to Net Assets Ratio by Year (1993–2025)
Frontline Ltd working capital to net assets ratio by year from 1993 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Frontline Ltd from 1993 to 2025, covering 33 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 the complete balance sheet picture, see Frontline Ltd total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 8.5% | $212.55 Million | $2.51 Billion | $707.25 Million | $494.71 Million | ▼ -1.4 pp |
| 2024 | 9.8% | $230.36 Million | $2.34 Billion | $826.01 Million | $595.65 Million | ▼ -4.2 pp |
| 2023 | 14.0% | $318.87 Million | $2.28 Billion | $727.93 Million | $409.05 Million | ▼ -7.6 pp |
| 2022 | 21.6% | $489.39 Million | $2.27 Billion | $881.05 Million | $391.66 Million | ▲ +19.2 pp |
| 2021 | 2.4% | $40.07 Million | $1.65 Billion | $332.75 Million | $292.68 Million | ▼ -3.6 pp |
| 2020 | 6.0% | $96.96 Million | $1.61 Billion | $378.32 Million | $281.36 Million | ▲ +32.5 pp |
| 2019 | -26.5% | $-399.63 Million | $1.51 Billion | $448.49 Million | $848.12 Million | ▼ -34.5 pp |
| 2018 | 8.1% | $94.03 Million | $1.16 Billion | $308.25 Million | $214.22 Million | ▼ -0.3 pp |
| 2017 | 8.4% | $99.61 Million | $1.19 Billion | $321.61 Million | $222.00 Million | ▼ -5.0 pp |
| 2016 | 13.4% | $200.88 Million | $1.50 Billion | $383.63 Million | $182.75 Million | ▼ -2.2 pp |
| 2015 | 15.6% | $225.43 Million | $1.45 Billion | $467.46 Million | $242.04 Million | ▼ -119.4 pp |
| 2014 | 135.0% | $-95.34 Million | $-70.65 Million | $233.24 Million | $328.59 Million | ▲ +851.7 pp |
| 2013 | -716.8% | $129.38 Million | $-18.05 Million | $260.15 Million | $130.77 Million | ▼ -873.4 pp |
| 2012 | 156.6% | $205.41 Million | $131.15 Million | $392.03 Million | $186.62 Million | ▲ +42.8 pp |
| 2011 | 113.8% | $243.02 Million | $213.48 Million | $410.40 Million | $167.38 Million | ▲ +102.7 pp |
| 2010 | 11.1% | $84.19 Million | $759.04 Million | $587.76 Million | $503.58 Million | ▼ -12.6 pp |
| 2009 | 23.7% | $177.82 Million | $750.75 Million | $783.18 Million | $605.36 Million | ▲ +8.1 pp |
| 2008 | 15.6% | $110.43 Million | $708.85 Million | $821.36 Million | $710.93 Million | ▼ -90.4 pp |
| 2007 | 106.0% | $472.56 Million | $445.97 Million | $1.06 Billion | $590.23 Million | ▲ +50.7 pp |
| 2006 | 55.2% | $668.23 Million | $1.21 Billion | $1.11 Billion | $443.92 Million | ▼ -4.1 pp |
| 2005 | 59.3% | $703.67 Million | $1.19 Billion | $1.16 Billion | $456.50 Million | ▼ -6.7 pp |
| 2004 | 66.1% | $823.53 Million | $1.25 Billion | $1.17 Billion | $345.86 Million | ▼ -3.8 pp |
| 2003 | 69.8% | $876.69 Million | $1.26 Billion | $1.20 Billion | $321.31 Million | ▲ +72.0 pp |
| 2002 | -2.2% | $-26.82 Million | $1.23 Billion | $233.00 Million | $259.82 Million | ▲ +0.8 pp |
| 2001 | -2.9% | $-37.14 Million | $1.26 Billion | $277.92 Million | $315.06 Million | ▼ -3.2 pp |
| 2000 | 0.2% | $2.26 Million | $1.04 Billion | $292.65 Million | $290.39 Million | ▲ +5.5 pp |
| 1999 | -5.3% | $-31.46 Million | $595.20 Million | $137.75 Million | $169.21 Million | ▲ +14.8 pp |
| 1998 | -20.1% | $-92.11 Million | $457.68 Million | $106.39 Million | $198.50 Million | ▼ -26.2 pp |
| 1997 | 6.1% | $7.60 Million | $125.40 Million | $15.60 Million | $8.00 Million | ▲ +1.6 pp |
| 1996 | 4.4% | $5.20 Million | $117.50 Million | $21.20 Million | $16.00 Million | ▼ -15.7 pp |
| 1995 | 20.2% | $23.40 Million | $116.00 Million | $33.50 Million | $10.10 Million | ▲ +0.0 pp |
| 1994 | 20.2% | $23.40 Million | $116.00 Million | $33.50 Million | $10.10 Million | ▼ -25.1 pp |
| 1993 | 45.3% | $49.10 Million | $108.50 Million | $62.50 Million | $13.40 Million | — |