BlueNord ASA (BNOR) — Working Capital to Net Assets Ratio
BlueNord ASA (BNOR) has a Working Capital to Net Assets ratio of -21.3% as of March 2026. Working capital of Nkr-96.50 Million (current assets of Nkr365.30 Million minus current liabilities of Nkr461.80 Million) is measured against net assets of Nkr453.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is BlueNord ASA's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
BlueNord ASA Working Capital to Net Assets (2016–2025)
This chart shows how BlueNord ASA's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at -21.3%, reflecting working capital of Nkr-96.50 Million against net assets of Nkr453.60 Million NOK. Check BlueNord ASA tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for BlueNord ASA (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for BlueNord ASA from 2016 to 2025, covering 10 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 BNOR market cap.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 32.9% | Nkr247.90 Million | Nkr753.70 Million | Nkr398.90 Million | Nkr151.00 Million | ▲ +29.9 pp |
| 2024 | 3.0% | Nkr20.80 Million | Nkr695.60 Million | Nkr514.30 Million | Nkr493.50 Million | ▲ +10.3 pp |
| 2023 | -7.3% | Nkr-59.70 Million | Nkr813.60 Million | Nkr381.90 Million | Nkr441.60 Million | ▼ -22.3 pp |
| 2022 | 14.9% | Nkr99.20 Million | Nkr664.30 Million | Nkr583.90 Million | Nkr484.70 Million | ▲ +16.1 pp |
| 2021 | -1.1% | Nkr-6.10 Million | Nkr532.20 Million | Nkr283.00 Million | Nkr289.10 Million | ▼ -15.1 pp |
| 2020 | 13.9% | Nkr88.00 Million | Nkr631.00 Million | Nkr429.00 Million | Nkr341.00 Million | ▼ -14.0 pp |
| 2019 | 28.0% | Nkr165.00 Million | Nkr590.00 Million | Nkr523.00 Million | Nkr358.00 Million | ▼ -55.4 pp |
| 2018 | 83.3% | Nkr-5.00 Million | Nkr-6.00 Million | Nkr57.00 Million | Nkr62.00 Million | ▼ -5.3 pp |
| 2017 | 88.7% | Nkr15.22 Million | Nkr17.17 Million | Nkr37.75 Million | Nkr22.53 Million | ▲ +76.3 pp |
| 2016 | 12.4% | Nkr6.25 Million | Nkr50.55 Million | Nkr57.61 Million | Nkr51.36 Million | — |