Grong Sparebank (GRONG) — Working Capital to Net Assets Ratio
Grong Sparebank (GRONG) has a Working Capital to Net Assets ratio of -494.2% as of June 2023. Working capital of Nkr-5.88 Billion (current assets of Nkr1.40 Billion minus current liabilities of Nkr7.28 Billion) is measured against net assets of Nkr1.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Grong Sparebank to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Grong Sparebank Working Capital to Net Assets (2016–2022)
This chart shows how Grong Sparebank's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2016 to 2022. As of June 2023, the ratio stands at -494.2%, reflecting working capital of Nkr-5.88 Billion against net assets of Nkr1.19 Billion NOK. See operational self-sufficiency of Grong Sparebank to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Grong Sparebank (2016–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Grong Sparebank from 2016 to 2022, covering 7 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 Grong Sparebank market cap and net worth.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | -519.0% | Nkr-6.03 Billion | Nkr1.16 Billion | Nkr693.80 Million | Nkr6.72 Billion | ▲ +61.5 pp |
| 2021 | -580.5% | Nkr-5.35 Billion | Nkr921.66 Million | Nkr441.41 Million | Nkr5.79 Billion | ▼ -3.5 pp |
| 2020 | -577.0% | Nkr-4.85 Billion | Nkr841.39 Million | Nkr466.85 Million | Nkr5.32 Billion | ▲ +135.2 pp |
| 2019 | -712.2% | Nkr-4.93 Billion | Nkr692.06 Million | Nkr318.81 Million | Nkr5.25 Billion | ▲ +31.4 pp |
| 2018 | -743.6% | Nkr-4.58 Billion | Nkr616.11 Million | Nkr287.52 Million | Nkr4.87 Billion | ▼ -88.8 pp |
| 2017 | -654.7% | Nkr-3.80 Billion | Nkr580.78 Million | Nkr283.75 Million | Nkr4.09 Billion | ▲ +180.6 pp |
| 2016 | -835.3% | Nkr-3.99 Billion | Nkr477.28 Million | Nkr132.01 Million | Nkr4.12 Billion | — |