Panoro Energy ASA (PEN) — Working Capital to Net Assets Ratio
Panoro Energy ASA (PEN) has a Working Capital to Net Assets ratio of 82.5% as of March 2026. Working capital of Nkr182.86 Million (current assets of Nkr310.60 Million minus current liabilities of Nkr127.74 Million) is measured against net assets of Nkr221.77 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Panoro Energy ASA to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Panoro Energy ASA Working Capital to Net Assets (2009–2025)
This chart shows how Panoro Energy ASA's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 82.5%, reflecting working capital of Nkr182.86 Million against net assets of Nkr221.77 Million NOK. See PEN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Panoro Energy ASA (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Panoro Energy ASA from 2009 to 2025, covering 17 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 PEN market cap.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 17.3% | Nkr38.25 Million | Nkr220.79 Million | Nkr140.90 Million | Nkr102.65 Million | ▼ -15.7 pp |
| 2024 | 33.0% | Nkr90.43 Million | Nkr273.87 Million | Nkr153.53 Million | Nkr63.09 Million | ▲ +35.4 pp |
| 2023 | -2.3% | Nkr-5.54 Million | Nkr236.04 Million | Nkr109.71 Million | Nkr115.25 Million | ▼ -13.3 pp |
| 2022 | 11.0% | Nkr22.64 Million | Nkr206.50 Million | Nkr94.48 Million | Nkr71.84 Million | ▼ -12.3 pp |
| 2021 | 23.2% | Nkr45.42 Million | Nkr195.44 Million | Nkr128.98 Million | Nkr83.56 Million | ▼ -1.9 pp |
| 2020 | 25.2% | Nkr17.09 Million | Nkr67.94 Million | Nkr54.24 Million | Nkr37.15 Million | ▼ -16.1 pp |
| 2019 | 41.3% | Nkr30.00 Million | Nkr72.69 Million | Nkr65.88 Million | Nkr35.88 Million | ▲ +13.4 pp |
| 2018 | 27.9% | Nkr12.90 Million | Nkr46.31 Million | Nkr35.73 Million | Nkr22.82 Million | ▲ +10.4 pp |
| 2017 | 17.4% | Nkr3.02 Million | Nkr17.32 Million | Nkr9.83 Million | Nkr6.81 Million | ▲ +8.6 pp |
| 2016 | 8.8% | Nkr4.79 Million | Nkr54.33 Million | Nkr7.17 Million | Nkr2.38 Million | ▼ -2.2 pp |
| 2015 | 11.0% | Nkr11.95 Million | Nkr108.17 Million | Nkr12.64 Million | Nkr692.00K | ▼ -19.8 pp |
| 2014 | 30.9% | Nkr45.69 Million | Nkr148.06 Million | Nkr47.22 Million | Nkr1.53 Million | ▲ +17.4 pp |
| 2013 | 13.5% | Nkr15.98 Million | Nkr118.45 Million | Nkr154.58 Million | Nkr138.60 Million | ▼ -10.9 pp |
| 2012 | 24.4% | Nkr46.90 Million | Nkr192.10 Million | Nkr92.52 Million | Nkr45.63 Million | ▼ -11.2 pp |
| 2011 | 35.6% | Nkr91.49 Million | Nkr257.17 Million | Nkr131.30 Million | Nkr39.81 Million | ▲ +11.8 pp |
| 2010 | 23.8% | Nkr52.83 Million | Nkr222.27 Million | Nkr84.45 Million | Nkr31.62 Million | ▲ +172.0 pp |
| 2009 | -148.2% | Nkr-144.37 Million | Nkr97.38 Million | Nkr27.97 Million | Nkr172.34 Million | — |