Equinor ASA (EQNR) — Working Capital to Net Assets Ratio
Equinor ASA (EQNR) has a Working Capital to Net Assets ratio of 18.4% as of December 2025. Working capital of Nkr7.43 Billion (current assets of Nkr38.03 Billion minus current liabilities of Nkr30.60 Billion) is measured against net assets of Nkr40.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Equinor ASA net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Equinor ASA Working Capital to Net Assets (1998–2024)
This chart shows how Equinor ASA's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1998 to 2024. As of December 2025, the ratio stands at 18.4%, reflecting working capital of Nkr7.43 Billion against net assets of Nkr40.42 Billion NOK. Check EQNR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Equinor ASA (1998–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Equinor ASA from 1998 to 2024, covering 27 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 Equinor ASA stock valuation.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 40.5% | Nkr17.15 Billion | Nkr42.38 Billion | Nkr53.19 Billion | Nkr36.05 Billion | ▼ -12.9 pp |
| 2023 | 53.3% | Nkr25.86 Billion | Nkr48.50 Billion | Nkr62.05 Billion | Nkr36.19 Billion | ▼ -10.3 pp |
| 2022 | 63.6% | Nkr34.36 Billion | Nkr53.99 Billion | Nkr78.17 Billion | Nkr43.81 Billion | ▲ +3.8 pp |
| 2021 | 59.9% | Nkr23.36 Billion | Nkr39.02 Billion | Nkr62.50 Billion | Nkr39.14 Billion | ▲ +23.4 pp |
| 2020 | 36.5% | Nkr12.37 Billion | Nkr33.89 Billion | Nkr32.19 Billion | Nkr19.82 Billion | ▲ +23.8 pp |
| 2019 | 12.7% | Nkr5.22 Billion | Nkr41.16 Billion | Nkr24.78 Billion | Nkr19.56 Billion | ▼ -9.3 pp |
| 2018 | 22.0% | Nkr9.45 Billion | Nkr42.99 Billion | Nkr26.06 Billion | Nkr16.60 Billion | ▲ +1.5 pp |
| 2017 | 20.5% | Nkr8.17 Billion | Nkr39.88 Billion | Nkr27.19 Billion | Nkr19.02 Billion | ▼ -4.0 pp |
| 2016 | 24.5% | Nkr8.60 Billion | Nkr35.10 Billion | Nkr25.40 Billion | Nkr16.80 Billion | ▼ -7.3 pp |
| 2015 | 31.8% | Nkr12.83 Billion | Nkr40.38 Billion | Nkr28.22 Billion | Nkr15.39 Billion | ▲ +12.0 pp |
| 2014 | 19.8% | Nkr10.15 Billion | Nkr51.27 Billion | Nkr34.24 Billion | Nkr24.09 Billion | ▼ -0.4 pp |
| 2013 | 20.2% | Nkr11.81 Billion | Nkr58.54 Billion | Nkr39.27 Billion | Nkr27.46 Billion | ▲ +14.0 pp |
| 2012 | 6.1% | Nkr3.51 Billion | Nkr57.29 Billion | Nkr32.79 Billion | Nkr29.28 Billion | ▼ -3.3 pp |
| 2011 | 9.5% | Nkr4.52 Billion | Nkr47.77 Billion | Nkr33.19 Billion | Nkr28.67 Billion | ▲ +3.9 pp |
| 2010 | 5.6% | Nkr2.15 Billion | Nkr38.51 Billion | Nkr25.30 Billion | Nkr23.16 Billion | ▲ +3.3 pp |
| 2009 | 2.3% | Nkr790.17 Million | Nkr34.53 Billion | Nkr20.08 Billion | Nkr19.29 Billion | ▲ +9.2 pp |
| 2008 | -6.9% | Nkr-2.14 Billion | Nkr31.05 Billion | Nkr20.81 Billion | Nkr22.95 Billion | ▼ -7.1 pp |
| 2007 | 0.2% | Nkr78.00 Million | Nkr32.97 Billion | Nkr23.89 Billion | Nkr23.82 Billion | ▲ +0.8 pp |
| 2006 | -0.6% | Nkr-116.00 Million | Nkr19.84 Billion | Nkr12.36 Billion | Nkr12.48 Billion | ▲ +3.4 pp |
| 2005 | -4.0% | Nkr-642.00 Million | Nkr16.02 Billion | Nkr10.83 Billion | Nkr11.47 Billion | ▼ -8.6 pp |
| 2004 | 4.5% | Nkr652.00 Million | Nkr14.36 Billion | Nkr10.78 Billion | Nkr10.13 Billion | ▲ +2.2 pp |
| 2003 | 2.3% | Nkr250.00 Million | Nkr10.78 Billion | Nkr8.90 Billion | Nkr8.65 Billion | ▲ +4.6 pp |
| 2002 | -2.3% | Nkr-191.00 Million | Nkr8.43 Billion | Nkr8.38 Billion | Nkr8.57 Billion | ▲ +15.6 pp |
| 2001 | -17.9% | Nkr-1.06 Billion | Nkr5.93 Billion | Nkr5.42 Billion | Nkr6.48 Billion | ▼ -18.4 pp |
| 2000 | 0.5% | Nkr38.00 Million | Nkr7.93 Billion | Nkr6.29 Billion | Nkr6.25 Billion | ▼ -24.7 pp |
| 1999 | 25.2% | Nkr1.31 Billion | Nkr5.19 Billion | Nkr7.29 Billion | Nkr5.98 Billion | ▲ +23.2 pp |
| 1998 | 2.0% | Nkr107.65 Million | Nkr5.43 Billion | Nkr4.26 Billion | Nkr4.15 Billion | — |