Shelf Drilling Ltd (SHLF) — Working Capital to Net Assets Ratio
Shelf Drilling Ltd (SHLF) has a Working Capital to Net Assets ratio of 39.3% as of June 2025. Working capital of Nkr179.00 Million (current assets of Nkr458.60 Million minus current liabilities of Nkr279.60 Million) is measured against net assets of Nkr455.70 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SHLF cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shelf Drilling Ltd Working Capital to Net Assets (2014–2024)
This chart shows how Shelf Drilling Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of June 2025, the ratio stands at 39.3%, reflecting working capital of Nkr179.00 Million against net assets of Nkr455.70 Million NOK. For the complete balance sheet picture, see Shelf Drilling Ltd assets under control.
Annual Working Capital to Net Assets for Shelf Drilling Ltd (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shelf Drilling Ltd from 2014 to 2024, covering 11 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 how resilient are Shelf Drilling Ltd's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 32.8% | Nkr140.50 Million | Nkr428.30 Million | Nkr483.70 Million | Nkr343.20 Million | ▲ +6.5 pp |
| 2023 | 26.3% | Nkr105.70 Million | Nkr402.30 Million | Nkr418.90 Million | Nkr313.20 Million | ▼ -56.2 pp |
| 2022 | 82.5% | Nkr194.26 Million | Nkr235.58 Million | Nkr396.26 Million | Nkr202.00 Million | ▼ -47.5 pp |
| 2021 | 130.0% | Nkr277.76 Million | Nkr213.67 Million | Nkr436.65 Million | Nkr158.88 Million | ▲ +64.7 pp |
| 2020 | 65.3% | Nkr188.82 Million | Nkr288.96 Million | Nkr336.15 Million | Nkr147.33 Million | ▲ +48.0 pp |
| 2019 | 17.3% | Nkr97.29 Million | Nkr561.45 Million | Nkr251.26 Million | Nkr153.97 Million | ▼ -13.9 pp |
| 2018 | 31.2% | Nkr184.43 Million | Nkr591.26 Million | Nkr321.33 Million | Nkr136.89 Million | ▲ +15.0 pp |
| 2017 | 16.1% | Nkr109.03 Million | Nkr675.22 Million | Nkr319.31 Million | Nkr210.28 Million | ▼ -62.6 pp |
| 2016 | 78.7% | Nkr298.67 Million | Nkr379.45 Million | Nkr433.69 Million | Nkr135.02 Million | ▲ +18.5 pp |
| 2015 | 60.2% | Nkr247.34 Million | Nkr410.78 Million | Nkr400.29 Million | Nkr152.96 Million | ▲ +26.1 pp |
| 2014 | 34.1% | Nkr201.48 Million | Nkr590.45 Million | Nkr470.67 Million | Nkr269.19 Million | — |