Nel ASA (NEL) — Working Capital to Net Assets Ratio
Nel ASA (NEL) has a Working Capital to Net Assets ratio of 55.5% as of June 2026. Working capital of Nkr2.00 Billion (current assets of Nkr2.66 Billion minus current liabilities of Nkr666.27 Million) is measured against net assets of Nkr3.60 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nel ASA (NEL) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nel ASA Working Capital to Net Assets (2004–2025)
This chart shows how Nel ASA's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of June 2026, the ratio stands at 55.5%, reflecting working capital of Nkr2.00 Billion against net assets of Nkr3.60 Billion NOK. For the complete balance sheet picture, see NEL total asset value.
Annual Working Capital to Net Assets for Nel ASA (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nel 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. Check Nel ASA liquid asset ratio 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 | 56.5% | Nkr2.22 Billion | Nkr3.93 Billion | Nkr2.99 Billion | Nkr764.73 Million | ▲ +8.2 pp |
| 2024 | 48.3% | Nkr2.41 Billion | Nkr4.98 Billion | Nkr3.41 Billion | Nkr1.00 Billion | ▼ -17.0 pp |
| 2023 | 65.3% | Nkr4.05 Billion | Nkr6.20 Billion | Nkr5.38 Billion | Nkr1.33 Billion | ▼ -4.1 pp |
| 2022 | 69.5% | Nkr3.79 Billion | Nkr5.45 Billion | Nkr4.98 Billion | Nkr1.19 Billion | ▲ +1.2 pp |
| 2021 | 68.3% | Nkr3.44 Billion | Nkr5.04 Billion | Nkr4.14 Billion | Nkr705.05 Million | ▼ -7.9 pp |
| 2020 | 76.1% | Nkr4.16 Billion | Nkr5.47 Billion | Nkr4.59 Billion | Nkr431.08 Million | ▲ +40.9 pp |
| 2019 | 35.2% | Nkr649.93 Million | Nkr1.85 Billion | Nkr990.34 Million | Nkr340.41 Million | ▲ +6.9 pp |
| 2018 | 28.3% | Nkr447.17 Million | Nkr1.58 Billion | Nkr636.65 Million | Nkr189.48 Million | ▲ +2.0 pp |
| 2017 | 26.3% | Nkr370.41 Million | Nkr1.41 Billion | Nkr584.28 Million | Nkr213.87 Million | ▼ -8.6 pp |
| 2016 | 34.9% | Nkr234.47 Million | Nkr671.22 Million | Nkr300.02 Million | Nkr65.55 Million | ▼ -10.4 pp |
| 2015 | 45.4% | Nkr331.68 Million | Nkr731.01 Million | Nkr380.65 Million | Nkr48.97 Million | ▼ -8.3 pp |
| 2014 | 53.7% | Nkr105.22 Million | Nkr195.94 Million | Nkr124.90 Million | Nkr19.68 Million | ▼ -42.4 pp |
| 2013 | 96.1% | Nkr8.34 Million | Nkr8.68 Million | Nkr14.89 Million | Nkr6.55 Million | ▼ -18.6 pp |
| 2012 | 114.8% | Nkr15.47 Million | Nkr13.48 Million | Nkr24.28 Million | Nkr8.80 Million | ▲ +11.2 pp |
| 2011 | 103.5% | Nkr56.92 Million | Nkr54.98 Million | Nkr65.01 Million | Nkr8.09 Million | ▼ -0.8 pp |
| 2010 | 104.3% | Nkr93.46 Million | Nkr89.60 Million | Nkr107.29 Million | Nkr13.83 Million | ▼ -11.2 pp |
| 2009 | 115.5% | Nkr33.94 Million | Nkr29.37 Million | Nkr42.78 Million | Nkr8.84 Million | ▲ +17.7 pp |
| 2008 | 97.8% | Nkr27.80 Million | Nkr28.41 Million | Nkr35.27 Million | Nkr7.47 Million | ▲ +0.6 pp |
| 2007 | 97.3% | Nkr20.48 Million | Nkr21.05 Million | Nkr26.55 Million | Nkr6.07 Million | ▼ -0.1 pp |
| 2006 | 97.3% | Nkr23.62 Million | Nkr24.27 Million | Nkr30.21 Million | Nkr6.59 Million | ▲ +5.4 pp |
| 2005 | 92.0% | Nkr12.52 Million | Nkr13.62 Million | Nkr15.74 Million | Nkr3.22 Million | ▲ +6.4 pp |
| 2004 | 85.6% | Nkr10.89 Million | Nkr12.72 Million | Nkr13.78 Million | Nkr2.89 Million | — |