Nel ASA (NEL) — Working Capital to Net Assets Ratio
Nel ASA (NEL) has a Working Capital to Net Assets ratio of 49.4% as of June 2025. Working capital of Nkr2.41 Billion (current assets of Nkr3.36 Billion minus current liabilities of Nkr948.77 Million) is measured against net assets of Nkr4.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Nel ASA to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nel ASA Working Capital to Net Assets (2004–2024)
This chart shows how Nel ASA's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of June 2025, the ratio stands at 49.4%, reflecting working capital of Nkr2.41 Billion against net assets of Nkr4.89 Billion NOK. Check NEL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nel ASA (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nel 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 Nel ASA stock valuation.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |