Frontline Ltd (FRO) — Working Capital to Net Assets Ratio
Frontline Ltd (FRO) has a Working Capital to Net Assets ratio of 17.2% as of March 2026. Working capital of Nkr487.64 Million (current assets of Nkr959.14 Million minus current liabilities of Nkr471.50 Million) is measured against net assets of Nkr2.84 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Frontline Ltd (FRO) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Frontline Ltd Working Capital to Net Assets (1993–2025)
This chart shows how Frontline Ltd's Working Capital to Net Assets ratio has evolved across 33 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 17.2%, reflecting working capital of Nkr487.64 Million against net assets of Nkr2.84 Billion NOK. For the complete balance sheet picture, see Frontline Ltd balance sheet assets.
Annual Working Capital to Net Assets for Frontline Ltd (1993–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Frontline Ltd from 1993 to 2025, covering 33 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 FRO financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 8.5% | Nkr212.55 Million | Nkr2.51 Billion | Nkr707.25 Million | Nkr494.71 Million | ▼ -1.4 pp |
| 2024 | 9.8% | Nkr230.36 Million | Nkr2.34 Billion | Nkr826.01 Million | Nkr595.65 Million | ▼ -4.2 pp |
| 2023 | 14.0% | Nkr318.87 Million | Nkr2.28 Billion | Nkr727.93 Million | Nkr409.05 Million | ▼ -7.6 pp |
| 2022 | 21.6% | Nkr489.39 Million | Nkr2.27 Billion | Nkr881.05 Million | Nkr391.66 Million | ▲ +19.2 pp |
| 2021 | 2.4% | Nkr40.07 Million | Nkr1.65 Billion | Nkr332.75 Million | Nkr292.68 Million | ▼ -3.6 pp |
| 2020 | 6.0% | Nkr96.96 Million | Nkr1.61 Billion | Nkr378.32 Million | Nkr281.36 Million | ▲ +32.5 pp |
| 2019 | -26.5% | Nkr-399.63 Million | Nkr1.51 Billion | Nkr448.49 Million | Nkr848.12 Million | ▼ -34.5 pp |
| 2018 | 8.1% | Nkr94.03 Million | Nkr1.16 Billion | Nkr308.25 Million | Nkr214.22 Million | ▼ -0.3 pp |
| 2017 | 8.4% | Nkr99.61 Million | Nkr1.19 Billion | Nkr321.61 Million | Nkr222.00 Million | ▼ -5.0 pp |
| 2016 | 13.4% | Nkr200.88 Million | Nkr1.50 Billion | Nkr383.63 Million | Nkr182.75 Million | ▼ -2.2 pp |
| 2015 | 15.6% | Nkr225.43 Million | Nkr1.45 Billion | Nkr467.46 Million | Nkr242.04 Million | ▼ -119.4 pp |
| 2014 | 135.0% | Nkr-95.34 Million | Nkr-70.65 Million | Nkr233.24 Million | Nkr328.59 Million | ▲ +851.7 pp |
| 2013 | -716.8% | Nkr129.38 Million | Nkr-18.05 Million | Nkr260.15 Million | Nkr130.77 Million | ▼ -873.4 pp |
| 2012 | 156.6% | Nkr205.41 Million | Nkr131.15 Million | Nkr392.03 Million | Nkr186.62 Million | ▲ +42.8 pp |
| 2011 | 113.8% | Nkr243.02 Million | Nkr213.48 Million | Nkr410.40 Million | Nkr167.38 Million | ▲ +102.7 pp |
| 2010 | 11.1% | Nkr84.19 Million | Nkr759.04 Million | Nkr587.76 Million | Nkr503.58 Million | ▼ -12.6 pp |
| 2009 | 23.7% | Nkr177.82 Million | Nkr750.75 Million | Nkr783.18 Million | Nkr605.36 Million | ▲ +8.1 pp |
| 2008 | 15.6% | Nkr110.43 Million | Nkr708.85 Million | Nkr821.36 Million | Nkr710.93 Million | ▼ -90.4 pp |
| 2007 | 106.0% | Nkr472.56 Million | Nkr445.97 Million | Nkr1.06 Billion | Nkr590.23 Million | ▲ +50.7 pp |
| 2006 | 55.2% | Nkr668.23 Million | Nkr1.21 Billion | Nkr1.11 Billion | Nkr443.92 Million | ▼ -4.1 pp |
| 2005 | 59.3% | Nkr703.67 Million | Nkr1.19 Billion | Nkr1.16 Billion | Nkr456.50 Million | ▼ -6.7 pp |
| 2004 | 66.1% | Nkr823.53 Million | Nkr1.25 Billion | Nkr1.17 Billion | Nkr345.86 Million | ▼ -3.8 pp |
| 2003 | 69.8% | Nkr876.69 Million | Nkr1.26 Billion | Nkr1.20 Billion | Nkr321.31 Million | ▲ +72.0 pp |
| 2002 | -2.2% | Nkr-26.82 Million | Nkr1.23 Billion | Nkr233.00 Million | Nkr259.82 Million | ▲ +0.8 pp |
| 2001 | -2.9% | Nkr-37.14 Million | Nkr1.26 Billion | Nkr277.92 Million | Nkr315.06 Million | ▼ -3.2 pp |
| 2000 | 0.2% | Nkr2.26 Million | Nkr1.04 Billion | Nkr292.65 Million | Nkr290.39 Million | ▲ +5.5 pp |
| 1999 | -5.3% | Nkr-31.46 Million | Nkr595.20 Million | Nkr137.75 Million | Nkr169.21 Million | ▲ +14.8 pp |
| 1998 | -20.1% | Nkr-92.11 Million | Nkr457.68 Million | Nkr106.39 Million | Nkr198.50 Million | ▼ -26.2 pp |
| 1997 | 6.1% | Nkr7.60 Million | Nkr125.40 Million | Nkr15.60 Million | Nkr8.00 Million | ▼ -2.2 pp |
| 1996 | 8.3% | Nkr9.90 Million | Nkr119.40 Million | Nkr26.80 Million | Nkr16.90 Million | ▲ +3.9 pp |
| 1995 | 4.4% | Nkr5.20 Million | Nkr117.50 Million | Nkr21.20 Million | Nkr16.00 Million | ▼ -15.7 pp |
| 1994 | 20.2% | Nkr23.40 Million | Nkr116.00 Million | Nkr33.50 Million | Nkr10.10 Million | ▼ -25.1 pp |
| 1993 | 45.3% | Nkr49.10 Million | Nkr108.50 Million | Nkr62.50 Million | Nkr13.40 Million | — |