TGS NOPEC Geophysical Company ASA (TGS) — Working Capital to Net Assets Ratio
TGS NOPEC Geophysical Company ASA (TGS) has a Working Capital to Net Assets ratio of -29.9% as of March 2026. Working capital of Nkr-580.00 Million (current assets of Nkr667.60 Million minus current liabilities of Nkr1.25 Billion) is measured against net assets of Nkr1.94 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TGS NOPEC Geophysical Company ASA net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TGS NOPEC Geophysical Company ASA Working Capital to Net Assets (2002–2025)
This chart shows how TGS NOPEC Geophysical Company ASA's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at -29.9%, reflecting working capital of Nkr-580.00 Million against net assets of Nkr1.94 Billion NOK. Check TGS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TGS NOPEC Geophysical Company ASA (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TGS NOPEC Geophysical Company ASA 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. For live market cap and the full company profile, see market cap of TGS NOPEC Geophysical Company ASA.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -21.6% | Nkr-426.90 Million | Nkr1.98 Billion | Nkr754.70 Million | Nkr1.18 Billion | ▼ -0.5 pp |
| 2024 | -21.0% | Nkr-435.96 Million | Nkr2.08 Billion | Nkr829.00 Million | Nkr1.26 Billion | ▼ -10.1 pp |
| 2023 | -10.9% | Nkr-138.94 Million | Nkr1.28 Billion | Nkr442.94 Million | Nkr581.87 Million | ▼ -11.6 pp |
| 2022 | 0.7% | Nkr8.82 Million | Nkr1.24 Billion | Nkr513.81 Million | Nkr504.99 Million | ▲ +1.7 pp |
| 2021 | -1.0% | Nkr-11.42 Million | Nkr1.12 Billion | Nkr435.29 Million | Nkr446.71 Million | ▲ +6.7 pp |
| 2020 | -7.7% | Nkr-97.14 Million | Nkr1.27 Billion | Nkr578.02 Million | Nkr675.16 Million | ▼ -16.5 pp |
| 2019 | 8.9% | Nkr136.94 Million | Nkr1.55 Billion | Nkr721.75 Million | Nkr584.81 Million | ▼ -16.3 pp |
| 2018 | 25.2% | Nkr315.30 Million | Nkr1.25 Billion | Nkr653.74 Million | Nkr338.44 Million | ▼ -2.2 pp |
| 2017 | 27.4% | Nkr328.64 Million | Nkr1.20 Billion | Nkr523.56 Million | Nkr194.93 Million | ▲ +3.3 pp |
| 2016 | 24.1% | Nkr282.05 Million | Nkr1.17 Billion | Nkr544.15 Million | Nkr262.11 Million | ▲ +3.0 pp |
| 2015 | 21.1% | Nkr253.02 Million | Nkr1.20 Billion | Nkr471.20 Million | Nkr218.18 Million | ▼ -7.6 pp |
| 2014 | 28.8% | Nkr385.21 Million | Nkr1.34 Billion | Nkr777.73 Million | Nkr392.52 Million | ▼ -1.4 pp |
| 2013 | 30.1% | Nkr389.66 Million | Nkr1.29 Billion | Nkr731.19 Million | Nkr341.53 Million | ▼ -6.3 pp |
| 2012 | 36.5% | Nkr426.02 Million | Nkr1.17 Billion | Nkr800.55 Million | Nkr374.52 Million | ▼ -6.1 pp |
| 2011 | 42.6% | Nkr414.55 Million | Nkr973.02 Million | Nkr632.41 Million | Nkr217.86 Million | ▼ -0.9 pp |
| 2010 | 43.5% | Nkr394.98 Million | Nkr908.77 Million | Nkr602.73 Million | Nkr207.74 Million | ▼ -1.6 pp |
| 2009 | 45.1% | Nkr378.87 Million | Nkr839.86 Million | Nkr610.50 Million | Nkr231.63 Million | ▲ +5.8 pp |
| 2008 | 39.3% | Nkr259.96 Million | Nkr661.06 Million | Nkr497.48 Million | Nkr237.52 Million | ▼ -15.1 pp |
| 2007 | 54.4% | Nkr309.06 Million | Nkr567.83 Million | Nkr500.19 Million | Nkr191.14 Million | ▼ -10.4 pp |
| 2006 | 64.9% | Nkr309.47 Million | Nkr477.04 Million | Nkr423.44 Million | Nkr113.97 Million | ▲ +5.5 pp |
| 2005 | 59.4% | Nkr190.38 Million | Nkr320.77 Million | Nkr263.98 Million | Nkr73.60 Million | ▲ +14.0 pp |
| 2004 | 45.3% | Nkr108.58 Million | Nkr239.54 Million | Nkr153.78 Million | Nkr45.20 Million | ▼ -47.8 pp |
| 2003 | 93.1% | Nkr182.38 Million | Nkr195.91 Million | Nkr221.65 Million | Nkr39.27 Million | ▼ -0.4 pp |
| 2002 | 93.5% | Nkr155.24 Million | Nkr165.97 Million | Nkr198.86 Million | Nkr43.62 Million | — |