Photocure (PHO) — Working Capital to Net Assets Ratio
Photocure (PHO) has a Working Capital to Net Assets ratio of 58.9% as of September 2025. Working capital of Nkr286.51 Million (current assets of Nkr374.57 Million minus current liabilities of Nkr88.07 Million) is measured against net assets of Nkr486.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Photocure (PHO) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Photocure Working Capital to Net Assets (2002–2024)
This chart shows how Photocure's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 58.9%, reflecting working capital of Nkr286.51 Million against net assets of Nkr486.60 Million NOK. Check Photocure (PHO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Photocure (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Photocure from 2002 to 2024, covering 23 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 market value of Photocure.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 63.8% | Nkr320.12 Million | Nkr501.72 Million | Nkr423.98 Million | Nkr103.86 Million | ▲ +3.9 pp |
| 2023 | 59.9% | Nkr289.28 Million | Nkr482.85 Million | Nkr372.43 Million | Nkr83.15 Million | ▲ +5.0 pp |
| 2022 | 54.9% | Nkr254.17 Million | Nkr462.73 Million | Nkr358.23 Million | Nkr104.06 Million | ▼ -4.7 pp |
| 2021 | 59.6% | Nkr299.61 Million | Nkr502.63 Million | Nkr413.19 Million | Nkr113.58 Million | ▼ -5.8 pp |
| 2020 | 65.4% | Nkr332.46 Million | Nkr508.13 Million | Nkr412.25 Million | Nkr79.78 Million | ▼ -5.6 pp |
| 2019 | 71.0% | Nkr148.15 Million | Nkr208.59 Million | Nkr186.88 Million | Nkr38.73 Million | ▲ +13.8 pp |
| 2018 | 57.3% | Nkr100.97 Million | Nkr176.34 Million | Nkr153.43 Million | Nkr52.45 Million | ▼ -4.8 pp |
| 2017 | 62.1% | Nkr135.35 Million | Nkr218.08 Million | Nkr175.61 Million | Nkr40.27 Million | ▼ -10.0 pp |
| 2016 | 72.1% | Nkr181.63 Million | Nkr251.94 Million | Nkr211.78 Million | Nkr30.15 Million | ▼ -9.0 pp |
| 2015 | 81.1% | Nkr170.43 Million | Nkr210.06 Million | Nkr204.47 Million | Nkr34.04 Million | ▲ +11.7 pp |
| 2014 | 69.4% | Nkr166.60 Million | Nkr240.06 Million | Nkr194.07 Million | Nkr27.46 Million | ▲ +7.5 pp |
| 2013 | 61.9% | Nkr166.66 Million | Nkr269.12 Million | Nkr196.97 Million | Nkr30.31 Million | ▼ -10.9 pp |
| 2012 | 72.8% | Nkr276.99 Million | Nkr380.27 Million | Nkr328.08 Million | Nkr51.09 Million | ▲ +1.6 pp |
| 2011 | 71.2% | Nkr312.83 Million | Nkr439.34 Million | Nkr381.48 Million | Nkr68.65 Million | ▼ -10.2 pp |
| 2010 | 81.4% | Nkr373.35 Million | Nkr458.85 Million | Nkr427.65 Million | Nkr54.30 Million | ▼ -14.7 pp |
| 2009 | 96.1% | Nkr399.40 Million | Nkr415.78 Million | Nkr440.14 Million | Nkr40.74 Million | ▲ +4.1 pp |
| 2008 | 92.0% | Nkr183.69 Million | Nkr199.69 Million | Nkr221.84 Million | Nkr38.15 Million | ▼ -6.4 pp |
| 2007 | 98.4% | Nkr255.78 Million | Nkr259.99 Million | Nkr297.18 Million | Nkr41.40 Million | ▼ -1.1 pp |
| 2006 | 99.5% | Nkr325.28 Million | Nkr326.94 Million | Nkr372.46 Million | Nkr47.19 Million | ▼ -30.5 pp |
| 2005 | 130.0% | Nkr62.99 Million | Nkr48.47 Million | Nkr103.00 Million | Nkr40.00 Million | ▲ +16.7 pp |
| 2004 | 113.3% | Nkr96.92 Million | Nkr85.57 Million | Nkr171.63 Million | Nkr74.71 Million | ▲ +11.4 pp |
| 2003 | 101.9% | Nkr134.36 Million | Nkr131.90 Million | Nkr222.35 Million | Nkr87.99 Million | ▼ -1.4 pp |
| 2002 | 103.3% | Nkr172.46 Million | Nkr167.00 Million | Nkr286.58 Million | Nkr114.13 Million | — |