Hexagon Composites ASA (HEX) — Working Capital to Net Assets Ratio
Hexagon Composites ASA (HEX) has a Working Capital to Net Assets ratio of 49.3% as of December 2025. Working capital of Nkr1.32 Billion (current assets of Nkr1.92 Billion minus current liabilities of Nkr603.78 Million) is measured against net assets of Nkr2.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HEX financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hexagon Composites ASA Working Capital to Net Assets (2004–2025)
This chart shows how Hexagon Composites ASA's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 49.3%, reflecting working capital of Nkr1.32 Billion against net assets of Nkr2.67 Billion NOK. See Hexagon Composites ASA (HEX) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Hexagon Composites ASA (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hexagon Composites ASA from 2004 to 2025, covering 22 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 HEX market cap overview.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 49.3% | Nkr1.32 Billion | Nkr2.67 Billion | Nkr1.92 Billion | Nkr603.78 Million | ▲ +16.5 pp |
| 2024 | 32.9% | Nkr1.18 Billion | Nkr3.60 Billion | Nkr2.45 Billion | Nkr1.27 Billion | ▲ +55.5 pp |
| 2023 | -22.7% | Nkr-728.73 Million | Nkr3.21 Billion | Nkr1.96 Billion | Nkr2.69 Billion | ▼ -60.8 pp |
| 2022 | 38.2% | Nkr1.32 Billion | Nkr3.47 Billion | Nkr3.32 Billion | Nkr2.00 Billion | ▼ -8.7 pp |
| 2021 | 46.9% | Nkr1.63 Billion | Nkr3.48 Billion | Nkr2.81 Billion | Nkr1.18 Billion | ▼ -11.3 pp |
| 2020 | 58.2% | Nkr2.09 Billion | Nkr3.60 Billion | Nkr3.03 Billion | Nkr938.99 Million | ▲ +28.4 pp |
| 2019 | 29.8% | Nkr641.68 Million | Nkr2.15 Billion | Nkr1.49 Billion | Nkr844.03 Million | ▲ +16.2 pp |
| 2018 | 13.6% | Nkr209.70 Million | Nkr1.54 Billion | Nkr648.20 Million | Nkr438.50 Million | ▼ -5.1 pp |
| 2017 | 18.8% | Nkr265.01 Million | Nkr1.41 Billion | Nkr652.06 Million | Nkr387.05 Million | ▼ -2.4 pp |
| 2016 | 21.2% | Nkr282.52 Million | Nkr1.33 Billion | Nkr637.25 Million | Nkr354.72 Million | ▼ -56.4 pp |
| 2015 | 77.6% | Nkr364.71 Million | Nkr470.14 Million | Nkr667.95 Million | Nkr303.24 Million | ▼ -7.5 pp |
| 2014 | 85.1% | Nkr414.52 Million | Nkr487.11 Million | Nkr773.22 Million | Nkr358.69 Million | ▼ -19.1 pp |
| 2013 | 104.2% | Nkr363.13 Million | Nkr348.56 Million | Nkr612.30 Million | Nkr249.17 Million | ▲ +26.9 pp |
| 2012 | 77.3% | Nkr200.48 Million | Nkr259.49 Million | Nkr479.05 Million | Nkr278.56 Million | ▲ +3.0 pp |
| 2011 | 74.2% | Nkr196.59 Million | Nkr264.90 Million | Nkr406.95 Million | Nkr210.37 Million | ▲ +17.3 pp |
| 2010 | 56.9% | Nkr144.23 Million | Nkr253.58 Million | Nkr473.33 Million | Nkr329.11 Million | ▼ -10.5 pp |
| 2009 | 67.3% | Nkr173.68 Million | Nkr257.90 Million | Nkr340.48 Million | Nkr166.80 Million | ▲ +29.7 pp |
| 2008 | 37.6% | Nkr75.61 Million | Nkr200.87 Million | Nkr331.86 Million | Nkr256.26 Million | ▼ -21.9 pp |
| 2007 | 59.6% | Nkr121.47 Million | Nkr203.89 Million | Nkr282.85 Million | Nkr161.38 Million | ▲ +24.6 pp |
| 2006 | 35.0% | Nkr72.14 Million | Nkr206.37 Million | Nkr326.81 Million | Nkr254.66 Million | ▲ +4.0 pp |
| 2005 | 31.0% | Nkr62.69 Million | Nkr202.38 Million | Nkr172.95 Million | Nkr110.26 Million | ▼ -1.9 pp |
| 2004 | 32.9% | Nkr59.23 Million | Nkr180.28 Million | Nkr139.20 Million | Nkr79.97 Million | — |