Smurfit WestRock plc (SW) — Working Capital to Net Assets Ratio
Smurfit WestRock plc (SW) has a Working Capital to Net Assets ratio of 18.5% as of June 2026. Working capital of $3.34 Billion (current assets of $10.82 Billion minus current liabilities of $7.48 Billion) is measured against net assets of $18.06 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Smurfit WestRock plc fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Smurfit WestRock plc Working Capital to Net Assets (2004–2025)
This chart shows how Smurfit WestRock plc's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of June 2026, the ratio stands at 18.5%, reflecting working capital of $3.34 Billion against net assets of $18.06 Billion USD. For the complete balance sheet picture, see balance sheet size of Smurfit WestRock plc.
Annual Working Capital to Net Assets for Smurfit WestRock plc (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Smurfit WestRock plc from 2004 to 2025, covering 22 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. Check Smurfit WestRock plc (SW) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.4% | $3.96 Billion | $21.56 Billion | $12.26 Billion | $8.30 Billion | ▲ +2.7 pp |
| 2024 | 15.7% | $2.72 Billion | $17.39 Billion | $10.05 Billion | $7.33 Billion | ▼ -9.7 pp |
| 2023 | 25.3% | $1.56 Billion | $6.17 Billion | $4.57 Billion | $3.01 Billion | ▼ -4.0 pp |
| 2022 | 29.4% | $1.47 Billion | $4.99 Billion | $4.50 Billion | $3.04 Billion | ▲ +1.1 pp |
| 2021 | 28.3% | $1.24 Billion | $4.39 Billion | $4.07 Billion | $2.82 Billion | ▲ +1.1 pp |
| 2020 | 27.2% | $1.03 Billion | $3.78 Billion | $3.26 Billion | $2.23 Billion | ▲ +11.6 pp |
| 2019 | 15.5% | $465.00 Million | $2.99 Billion | $2.68 Billion | $2.21 Billion | ▼ -13.3 pp |
| 2018 | 28.8% | $952.87 Million | $3.31 Billion | $3.38 Billion | $2.43 Billion | ▲ +12.3 pp |
| 2017 | 16.5% | $527.87 Million | $3.19 Billion | $3.55 Billion | $3.03 Billion | ▼ -15.5 pp |
| 2016 | 32.1% | $844.52 Million | $2.63 Billion | $2.85 Billion | $2.01 Billion | ▲ +3.5 pp |
| 2015 | 28.6% | $728.14 Million | $2.55 Billion | $2.73 Billion | $2.00 Billion | ▼ -6.5 pp |
| 2014 | 35.1% | $1.03 Billion | $2.94 Billion | $3.19 Billion | $2.16 Billion | ▲ +0.2 pp |
| 2013 | 34.9% | $1.21 Billion | $3.46 Billion | $3.49 Billion | $2.28 Billion | ▼ -4.2 pp |
| 2012 | 39.1% | $1.28 Billion | $3.27 Billion | $3.48 Billion | $2.21 Billion | ▼ -11.8 pp |
| 2011 | 50.9% | $1.44 Billion | $2.83 Billion | $3.75 Billion | $2.30 Billion | ▲ +4.7 pp |
| 2010 | 46.1% | $1.19 Billion | $2.57 Billion | $3.25 Billion | $2.07 Billion | ▲ +0.9 pp |
| 2009 | 45.2% | $1.20 Billion | $2.66 Billion | $3.36 Billion | $2.16 Billion | ▼ -11.6 pp |
| 2008 | 56.8% | $1.42 Billion | $2.50 Billion | $3.59 Billion | $2.16 Billion | ▲ +22.3 pp |
| 2007 | 34.5% | $1.10 Billion | $3.19 Billion | $3.66 Billion | $2.56 Billion | ▼ -61.2 pp |
| 2006 | 95.7% | $797.80 Million | $833.48 Million | $3.13 Billion | $2.33 Billion | ▲ +20.6 pp |
| 2005 | 75.1% | $556.58 Million | $741.38 Million | $2.94 Billion | $2.38 Billion | ▲ +45.4 pp |
| 2004 | 29.7% | $165.09 Million | $556.44 Million | $1.66 Billion | $1.50 Billion | — |