Manchester United Ltd (MANU) — Working Capital to Net Assets Ratio
Manchester United Ltd (MANU) has a Working Capital to Net Assets ratio of 247.7% as of September 2025. Working capital of $-860.17 Million (current assets of $256.26 Million minus current liabilities of $1.12 Billion) is measured against net assets of $-347.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MANU financial 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
Manchester United Ltd Working Capital to Net Assets (2000–2025)
This chart shows how Manchester United Ltd's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2000 to 2025. As of September 2025, the ratio stands at 247.7%, reflecting working capital of $-860.17 Million against net assets of $-347.32 Million USD. See Manchester United Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Manchester United Ltd (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Manchester United Ltd from 2000 to 2025, covering 23 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 how much is Manchester United Ltd worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -240.7% | $-466.36 Million | $193.73 Million | $284.02 Million | $750.37 Million | ▼ -21.4 pp |
| 2024 | -219.3% | $-317.71 Million | $144.89 Million | $177.28 Million | $494.99 Million | ▲ +101.2 pp |
| 2023 | -320.5% | $-333.14 Million | $103.95 Million | $193.73 Million | $526.87 Million | ▼ -118.4 pp |
| 2022 | -202.1% | $-257.68 Million | $127.51 Million | $237.16 Million | $494.84 Million | ▼ -139.3 pp |
| 2021 | -62.8% | $-171.09 Million | $272.51 Million | $212.94 Million | $384.03 Million | ▼ -13.4 pp |
| 2020 | -49.4% | $-173.54 Million | $351.23 Million | $224.81 Million | $398.34 Million | ▼ -39.6 pp |
| 2019 | -9.8% | $-40.52 Million | $415.20 Million | $388.32 Million | $428.84 Million | ▲ +1.5 pp |
| 2018 | -11.2% | $-48.00 Million | $427.10 Million | $413.46 Million | $461.46 Million | ▼ -8.8 pp |
| 2017 | -2.4% | $-11.65 Million | $480.09 Million | $398.85 Million | $410.51 Million | ▲ +5.7 pp |
| 2016 | -8.1% | $-37.08 Million | $458.28 Million | $366.67 Million | $403.74 Million | ▲ +9.5 pp |
| 2015 | -17.6% | $-83.92 Million | $477.92 Million | $239.53 Million | $323.45 Million | ▲ +4.5 pp |
| 2014 | -22.1% | $-110.24 Million | $498.65 Million | $191.48 Million | $301.72 Million | ▼ -5.5 pp |
| 2013 | -16.6% | $-74.58 Million | $447.96 Million | $163.31 Million | $237.89 Million | ▲ +17.9 pp |
| 2012 | -34.5% | $-81.15 Million | $235.10 Million | $148.23 Million | $229.38 Million | ▼ -14.0 pp |
| 2011 | -20.5% | $-45.28 Million | $220.42 Million | $206.05 Million | $251.32 Million | ▲ +103.4 pp |
| 2010 | -123.9% | $50.73 Million | $-40.94 Million | $209.94 Million | $159.22 Million | ▼ -728.1 pp |
| 2009 | 604.2% | $39.50 Million | $6.54 Million | $192.93 Million | $153.43 Million | ▲ +628.2 pp |
| 2005 | -24.0% | $-77.74 Million | $323.92 Million | $0.00 | $77.74 Million | ▲ +1.7 pp |
| 2004 | -25.7% | $-81.48 Million | $316.45 Million | $0.00 | $81.48 Million | ▲ +6.3 pp |
| 2003 | -32.0% | $-80.83 Million | $252.51 Million | $0.00 | $80.83 Million | ▲ +6.9 pp |
| 2002 | -38.9% | $-83.59 Million | $214.92 Million | $0.00 | $83.59 Million | ▼ -2.9 pp |
| 2001 | -36.0% | $-64.02 Million | $177.65 Million | $0.00 | $64.02 Million | ▼ -1.5 pp |
| 2000 | -34.5% | $-59.49 Million | $172.21 Million | $0.00 | $59.49 Million | — |