Havila Shipping ASA (HAVI) — Working Capital to Net Assets Ratio
Havila Shipping ASA (HAVI) has a Working Capital to Net Assets ratio of -88.5% as of September 2025. Working capital of Nkr-321.07 Million (current assets of Nkr301.93 Million minus current liabilities of Nkr623.00 Million) is measured against net assets of Nkr362.92 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Havila Shipping ASA's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Havila Shipping ASA Working Capital to Net Assets (2004–2024)
This chart shows how Havila Shipping ASA's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at -88.5%, reflecting working capital of Nkr-321.07 Million against net assets of Nkr362.92 Million NOK. Check HAVI tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Havila Shipping ASA (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Havila Shipping ASA from 2004 to 2024, covering 21 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 Havila Shipping ASA (HAVI) market capitalisation.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -108.4% | Nkr-354.81 Million | Nkr327.17 Million | Nkr278.81 Million | Nkr633.62 Million | ▲ +5352.2 pp |
| 2023 | -5460.7% | Nkr-1.07 Billion | Nkr19.53 Million | Nkr280.39 Million | Nkr1.35 Billion | ▼ -4897.9 pp |
| 2022 | -562.8% | Nkr526.20 Million | Nkr-93.50 Million | Nkr768.86 Million | Nkr242.67 Million | ▼ -1012.3 pp |
| 2021 | 449.5% | Nkr86.37 Million | Nkr19.22 Million | Nkr245.16 Million | Nkr158.79 Million | ▲ +370.6 pp |
| 2020 | 78.9% | Nkr108.23 Million | Nkr137.14 Million | Nkr272.39 Million | Nkr164.17 Million | ▼ -309.2 pp |
| 2019 | 388.1% | Nkr-4.01 Billion | Nkr-1.03 Billion | Nkr372.88 Million | Nkr4.39 Billion | ▲ +412.0 pp |
| 2018 | -23.9% | Nkr170.28 Million | Nkr-712.54 Million | Nkr303.68 Million | Nkr133.40 Million | ▼ -95.9 pp |
| 2017 | 72.0% | Nkr304.85 Million | Nkr423.14 Million | Nkr545.51 Million | Nkr240.66 Million | ▼ -680.0 pp |
| 2016 | 752.1% | Nkr-5.26 Billion | Nkr-699.94 Million | Nkr840.15 Million | Nkr6.10 Billion | ▲ +1804.0 pp |
| 2015 | -1051.9% | Nkr-5.28 Billion | Nkr502.40 Million | Nkr615.10 Million | Nkr5.90 Billion | ▼ -1032.4 pp |
| 2014 | -19.5% | Nkr-395.11 Million | Nkr2.02 Billion | Nkr816.16 Million | Nkr1.21 Billion | ▲ +11.2 pp |
| 2013 | -30.8% | Nkr-622.11 Million | Nkr2.02 Billion | Nkr741.83 Million | Nkr1.36 Billion | ▼ -25.8 pp |
| 2012 | -5.0% | Nkr-99.71 Million | Nkr2.01 Billion | Nkr870.13 Million | Nkr969.84 Million | ▼ -14.0 pp |
| 2011 | 9.0% | Nkr162.59 Million | Nkr1.81 Billion | Nkr783.82 Million | Nkr621.22 Million | ▼ -8.1 pp |
| 2010 | 17.1% | Nkr289.81 Million | Nkr1.70 Billion | Nkr1.18 Billion | Nkr888.58 Million | ▲ +1.0 pp |
| 2009 | 16.1% | Nkr274.89 Million | Nkr1.70 Billion | Nkr744.99 Million | Nkr470.10 Million | ▼ -37.4 pp |
| 2008 | 53.6% | Nkr603.31 Million | Nkr1.13 Billion | Nkr1.06 Billion | Nkr457.51 Million | ▼ -57.4 pp |
| 2007 | 110.9% | Nkr975.74 Million | Nkr879.48 Million | Nkr1.36 Billion | Nkr384.09 Million | ▲ +31.7 pp |
| 2006 | 79.3% | Nkr784.17 Million | Nkr989.43 Million | Nkr956.21 Million | Nkr172.03 Million | ▲ +2.6 pp |
| 2005 | 76.6% | Nkr495.37 Million | Nkr646.35 Million | Nkr626.92 Million | Nkr131.55 Million | ▲ +63.1 pp |
| 2004 | 13.5% | Nkr32.89 Million | Nkr242.82 Million | Nkr93.09 Million | Nkr60.20 Million | — |