Baltic Sea Properties AS (BALT) — Working Capital to Net Assets Ratio
Baltic Sea Properties AS (BALT) has a Working Capital to Net Assets ratio of 7.1% as of September 2025. Working capital of Nkr43.99 Million (current assets of Nkr93.82 Million minus current liabilities of Nkr49.83 Million) is measured against net assets of Nkr617.42 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BALT days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Baltic Sea Properties AS Working Capital to Net Assets (2014–2024)
This chart shows how Baltic Sea Properties AS's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 7.1%, reflecting working capital of Nkr43.99 Million against net assets of Nkr617.42 Million NOK. For the complete balance sheet picture, see Baltic Sea Properties AS total assets.
Annual Working Capital to Net Assets for Baltic Sea Properties AS (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Baltic Sea Properties AS from 2014 to 2024, covering 11 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 BALT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 3.0% | Nkr18.15 Million | Nkr613.49 Million | Nkr86.52 Million | Nkr68.37 Million | ▲ +5.2 pp |
| 2023 | -2.3% | Nkr-10.20 Million | Nkr450.06 Million | Nkr47.40 Million | Nkr57.60 Million | ▲ +6.3 pp |
| 2022 | -8.6% | Nkr-34.79 Million | Nkr405.68 Million | Nkr51.88 Million | Nkr86.67 Million | ▼ -9.5 pp |
| 2021 | 1.0% | Nkr2.10 Million | Nkr216.25 Million | Nkr56.60 Million | Nkr54.50 Million | ▲ +100.8 pp |
| 2020 | -99.8% | Nkr-206.20 Million | Nkr206.65 Million | Nkr40.76 Million | Nkr246.97 Million | ▼ -1.2 pp |
| 2019 | -98.6% | Nkr-179.14 Million | Nkr181.77 Million | Nkr97.89 Million | Nkr277.02 Million | ▼ -15.4 pp |
| 2018 | -83.1% | Nkr-150.95 Million | Nkr181.62 Million | Nkr70.11 Million | Nkr221.06 Million | ▼ -93.8 pp |
| 2017 | 10.7% | Nkr18.90 Million | Nkr177.40 Million | Nkr54.81 Million | Nkr35.91 Million | ▲ +18.1 pp |
| 2016 | -7.5% | Nkr-12.74 Million | Nkr170.12 Million | Nkr49.92 Million | Nkr62.66 Million | ▲ +27.4 pp |
| 2015 | -34.9% | Nkr-60.38 Million | Nkr172.94 Million | Nkr59.59 Million | Nkr119.98 Million | ▲ +27.1 pp |
| 2014 | -62.0% | Nkr-91.13 Million | Nkr146.97 Million | Nkr44.98 Million | Nkr136.11 Million | — |