Cavendish Hydrogen ASA Working Capital to Net Assets Ratio
Cavendish Hydrogen ASA working capital to net assets ratio. Cavendish Hydrogen ASA (CAVEN) has a Working Capital to Net Assets ratio of 65.4% as of September 2025. Working capital of Nkr35.60 Million (current assets of Nkr44.60 Million minus current liabilities of Nkr9.00 Million) is measured against net assets of Nkr54.40 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Cavendish Hydrogen ASA to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Cavendish Hydrogen ASA (2020–2024)
Working capital to net assets ratio of Cavendish Hydrogen ASA from 2020 to 2024. This chart shows how Cavendish Hydrogen ASA's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2020 to 2024. As of September 2025, the ratio stands at 65.4%, reflecting working capital of Nkr35.60 Million against net assets of Nkr54.40 Million NOK. See how many days can Cavendish Hydrogen ASA fund operations to measure how many days the company can operate on defensive assets alone.
Cavendish Hydrogen ASA Working Capital to Net Assets Ratio by Year (2020–2024)
Cavendish Hydrogen ASA working capital to net assets ratio by year from 2020 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Cavendish Hydrogen ASA from 2020 to 2024, covering 5 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 the complete balance sheet picture, see CAVEN current and non-current assets.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 72.6% | Nkr53.10 Million | Nkr73.10 Million | Nkr71.00 Million | Nkr17.90 Million | ▼ -9.9 pp |
| 2023 | 82.5% | Nkr17.62 Million | Nkr21.36 Million | Nkr48.30 Million | Nkr30.67 Million | ▼ -86.2 pp |
| 2022 | 168.7% | Nkr9.69 Million | Nkr5.75 Million | Nkr58.07 Million | Nkr48.38 Million | ▲ +133.6 pp |
| 2021 | 35.0% | Nkr13.59 Million | Nkr38.78 Million | Nkr42.78 Million | Nkr29.19 Million | ▲ +25.3 pp |
| 2020 | 9.8% | Nkr3.31 Million | Nkr33.85 Million | Nkr29.39 Million | Nkr26.08 Million | — |