Photocure (PHO) — Working Capital to Net Assets Ratio
Photocure (PHO) has a Working Capital to Net Assets ratio of 44.2% as of June 2026. Working capital of Nkr268.44 Million (current assets of Nkr369.83 Million minus current liabilities of Nkr101.40 Million) is measured against net assets of Nkr606.75 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Photocure fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Photocure Working Capital to Net Assets (2002–2025)
This chart shows how Photocure's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at 44.2%, reflecting working capital of Nkr268.44 Million against net assets of Nkr606.75 Million NOK. For the complete balance sheet picture, see how large is Photocure's balance sheet.
Annual Working Capital to Net Assets for Photocure (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Photocure from 2002 to 2025, covering 24 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 Photocure (PHO) liquid assets 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 | 57.8% | Nkr279.85 Million | Nkr484.23 Million | Nkr385.80 Million | Nkr105.94 Million | ▼ -6.0 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 | — |