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 Nel ASA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
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. See NEL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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 | — |