Tsakos Energy Navigation Limited (TEN) — Working Capital to Net Assets Ratio
Tsakos Energy Navigation Limited (TEN) has a Working Capital to Net Assets ratio of -1.3% as of December 2025. Working capital of $-24.18 Million (current assets of $433.86 Million minus current liabilities of $458.04 Million) is measured against net assets of $1.86 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Tsakos Energy Navigation Limited to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tsakos Energy Navigation Limited Working Capital to Net Assets (1996–2025)
This chart shows how Tsakos Energy Navigation Limited's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of December 2025, the ratio stands at -1.3%, reflecting working capital of $-24.18 Million against net assets of $1.86 Billion USD. For the complete balance sheet picture, see Tsakos Energy Navigation Limited balance sheet assets.
Annual Working Capital to Net Assets for Tsakos Energy Navigation Limited (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tsakos Energy Navigation Limited from 1996 to 2025, covering 30 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 TEN cash and liquid asset 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 | -1.3% | $-24.18 Million | $1.86 Billion | $433.86 Million | $458.04 Million | ▼ -3.7 pp |
| 2024 | 2.4% | $41.85 Million | $1.77 Billion | $450.37 Million | $408.52 Million | ▼ -8.8 pp |
| 2023 | 11.2% | $184.69 Million | $1.65 Billion | $507.89 Million | $323.20 Million | ▲ +1.8 pp |
| 2022 | 9.4% | $143.43 Million | $1.52 Billion | $513.11 Million | $369.69 Million | ▲ +16.7 pp |
| 2021 | -7.3% | $-94.27 Million | $1.29 Billion | $237.82 Million | $332.10 Million | ▼ -2.8 pp |
| 2020 | -4.5% | $-62.17 Million | $1.38 Billion | $319.87 Million | $382.04 Million | ▼ -7.4 pp |
| 2019 | 2.9% | $42.31 Million | $1.47 Billion | $396.51 Million | $354.20 Million | ▼ -1.3 pp |
| 2018 | 4.2% | $62.58 Million | $1.51 Billion | $316.88 Million | $254.30 Million | ▲ +6.4 pp |
| 2017 | -2.3% | $-34.53 Million | $1.51 Billion | $304.39 Million | $338.92 Million | ▲ +0.2 pp |
| 2016 | -2.5% | $-34.98 Million | $1.42 Billion | $358.31 Million | $393.29 Million | ▼ -6.0 pp |
| 2015 | 3.6% | $50.32 Million | $1.42 Billion | $452.23 Million | $401.91 Million | ▲ +6.7 pp |
| 2014 | -3.2% | $-37.48 Million | $1.18 Billion | $289.80 Million | $327.28 Million | ▼ -3.6 pp |
| 2013 | 0.4% | $4.27 Million | $997.66 Million | $232.54 Million | $228.27 Million | ▲ +4.2 pp |
| 2012 | -3.8% | $-34.88 Million | $926.84 Million | $224.03 Million | $258.91 Million | ▼ -4.6 pp |
| 2011 | 0.9% | $7.92 Million | $919.16 Million | $287.63 Million | $279.71 Million | ▼ -13.9 pp |
| 2010 | 14.7% | $150.21 Million | $1.02 Billion | $367.45 Million | $217.24 Million | ▼ -8.0 pp |
| 2009 | 22.7% | $207.42 Million | $914.33 Million | $471.65 Million | $264.23 Million | ▲ +2.9 pp |
| 2008 | 19.8% | $181.29 Million | $915.12 Million | $370.78 Million | $189.49 Million | ▲ +6.2 pp |
| 2007 | 13.6% | $116.79 Million | $857.93 Million | $276.05 Million | $159.26 Million | ▼ -2.4 pp |
| 2006 | 16.0% | $121.06 Million | $755.27 Million | $222.49 Million | $101.43 Million | ▼ -0.5 pp |
| 2005 | 16.5% | $100.22 Million | $607.19 Million | $191.73 Million | $91.52 Million | ▲ +2.1 pp |
| 2004 | 14.4% | $74.73 Million | $519.52 Million | $156.25 Million | $81.53 Million | ▼ -247.3 pp |
| 2003 | 261.7% | $212.00 Million | $81.00 Million | $1.10 Billion | $893.00 Million | ▲ +195.1 pp |
| 2002 | 66.7% | $-50.00 Million | $-75.00 Million | $966.00 Million | $1.02 Billion | ▼ -6.4 pp |
| 2001 | 73.0% | $65.00 Million | $89.00 Million | $941.00 Million | $876.00 Million | ▼ -14.2 pp |
| 2000 | 87.2% | $300.00 Million | $344.00 Million | $1.11 Billion | $809.00 Million | ▼ -35.6 pp |
| 1999 | 122.8% | $538.00 Million | $438.00 Million | $1.20 Billion | $663.00 Million | ▲ +130.7 pp |
| 1998 | -7.9% | $-230.00 Million | $2.92 Billion | $2.16 Billion | $2.39 Billion | ▼ -23.2 pp |
| 1997 | 15.4% | $454.00 Million | $2.95 Billion | $2.12 Billion | $1.66 Billion | ▲ +5.1 pp |
| 1996 | 10.2% | $302.00 Million | $2.95 Billion | $1.92 Billion | $1.62 Billion | — |