Telenor ASA (TEL) — Working Capital to Net Assets Ratio
Telenor ASA (TEL) has a Working Capital to Net Assets ratio of -45.6% as of June 2025. Working capital of Nkr-29.46 Billion (current assets of Nkr23.12 Billion minus current liabilities of Nkr52.59 Billion) is measured against net assets of Nkr64.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TEL free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Telenor ASA Working Capital to Net Assets (1999–2024)
This chart shows how Telenor ASA's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1999 to 2024. As of June 2025, the ratio stands at -45.6%, reflecting working capital of Nkr-29.46 Billion against net assets of Nkr64.57 Billion NOK. See Telenor ASA defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Telenor ASA (1999–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Telenor ASA from 1999 to 2024, covering 26 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 TEL market cap.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -22.9% | Nkr-18.93 Billion | Nkr82.54 Billion | Nkr27.45 Billion | Nkr46.38 Billion | ▼ -14.1 pp |
| 2023 | -8.9% | Nkr-6.23 Billion | Nkr70.43 Billion | Nkr39.76 Billion | Nkr45.99 Billion | ▲ +24.7 pp |
| 2022 | -33.5% | Nkr-21.59 Billion | Nkr64.37 Billion | Nkr32.18 Billion | Nkr53.78 Billion | ▲ +24.6 pp |
| 2021 | -58.2% | Nkr-18.32 Billion | Nkr31.50 Billion | Nkr43.84 Billion | Nkr62.17 Billion | ▼ -34.3 pp |
| 2020 | -23.8% | Nkr-10.47 Billion | Nkr43.91 Billion | Nkr50.06 Billion | Nkr60.54 Billion | ▲ +36.6 pp |
| 2019 | -60.4% | Nkr-26.17 Billion | Nkr43.34 Billion | Nkr46.86 Billion | Nkr73.03 Billion | ▼ -17.8 pp |
| 2018 | -42.6% | Nkr-23.19 Billion | Nkr54.45 Billion | Nkr44.26 Billion | Nkr67.46 Billion | ▼ -5.3 pp |
| 2017 | -37.2% | Nkr-23.21 Billion | Nkr62.34 Billion | Nkr53.47 Billion | Nkr76.68 Billion | ▲ +7.2 pp |
| 2016 | -44.5% | Nkr-24.63 Billion | Nkr55.40 Billion | Nkr52.99 Billion | Nkr77.62 Billion | ▼ -8.6 pp |
| 2015 | -35.9% | Nkr-22.66 Billion | Nkr63.13 Billion | Nkr42.31 Billion | Nkr64.98 Billion | ▼ -19.8 pp |
| 2014 | -16.1% | Nkr-11.00 Billion | Nkr68.50 Billion | Nkr42.27 Billion | Nkr53.27 Billion | ▼ -3.7 pp |
| 2013 | -12.4% | Nkr-9.53 Billion | Nkr77.04 Billion | Nkr34.83 Billion | Nkr44.36 Billion | ▲ +5.7 pp |
| 2012 | -18.1% | Nkr-13.99 Billion | Nkr77.24 Billion | Nkr29.94 Billion | Nkr43.93 Billion | ▼ -2.8 pp |
| 2011 | -15.3% | Nkr-13.27 Billion | Nkr86.90 Billion | Nkr34.32 Billion | Nkr47.59 Billion | ▼ -4.1 pp |
| 2010 | -11.2% | Nkr-10.75 Billion | Nkr96.22 Billion | Nkr32.21 Billion | Nkr42.96 Billion | ▼ -1.4 pp |
| 2009 | -9.8% | Nkr-8.33 Billion | Nkr85.06 Billion | Nkr31.17 Billion | Nkr39.50 Billion | ▲ +8.1 pp |
| 2008 | -17.9% | Nkr-15.82 Billion | Nkr88.57 Billion | Nkr32.37 Billion | Nkr48.20 Billion | ▼ -6.0 pp |
| 2007 | -11.8% | Nkr-8.83 Billion | Nkr74.66 Billion | Nkr29.47 Billion | Nkr38.30 Billion | ▲ +7.2 pp |
| 2006 | -19.0% | Nkr-11.93 Billion | Nkr62.73 Billion | Nkr25.87 Billion | Nkr37.79 Billion | ▲ +2.2 pp |
| 2005 | -21.2% | Nkr-11.34 Billion | Nkr53.47 Billion | Nkr25.71 Billion | Nkr37.06 Billion | ▼ -8.3 pp |
| 2004 | -12.9% | Nkr-5.44 Billion | Nkr41.98 Billion | Nkr16.86 Billion | Nkr22.30 Billion | ▼ -13.7 pp |
| 2003 | 0.8% | Nkr313.40 Million | Nkr41.00 Billion | Nkr17.82 Billion | Nkr17.50 Billion | ▲ +18.0 pp |
| 2002 | -17.2% | Nkr-6.40 Billion | Nkr37.21 Billion | Nkr15.27 Billion | Nkr21.67 Billion | ▼ -15.5 pp |
| 2001 | -1.7% | Nkr-770.37 Million | Nkr45.60 Billion | Nkr16.50 Billion | Nkr17.27 Billion | ▼ -2.2 pp |
| 2000 | 0.5% | Nkr203.78 Million | Nkr38.15 Billion | Nkr12.79 Billion | Nkr12.59 Billion | ▲ +2.4 pp |
| 1999 | -1.8% | Nkr-344.70 Million | Nkr18.79 Billion | Nkr9.19 Billion | Nkr9.54 Billion | — |