Var Energi ASA (VAR) — Working Capital to Net Assets Ratio
Var Energi ASA (VAR) has a Working Capital to Net Assets ratio of -2469.2% as of September 2025. Working capital of Nkr-8.25 Billion (current assets of Nkr21.14 Billion minus current liabilities of Nkr29.40 Billion) is measured against net assets of Nkr334.26 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Var Energi ASA to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Var Energi ASA Working Capital to Net Assets (2017–2024)
This chart shows how Var Energi ASA's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at -2469.2%, reflecting working capital of Nkr-8.25 Billion against net assets of Nkr334.26 Million NOK. For the complete balance sheet picture, see VAR current and non-current assets.
Annual Working Capital to Net Assets for Var Energi ASA (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Var Energi ASA from 2017 to 2024, covering 8 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 asset resilience ratio of Var Energi ASA 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 | -75.7% | Nkr-630.00 Million | Nkr832.51 Million | Nkr1.27 Billion | Nkr1.90 Billion | ▼ -49.4 pp |
| 2023 | -26.3% | Nkr-465.31 Million | Nkr1.77 Billion | Nkr1.66 Billion | Nkr2.12 Billion | ▲ +80.9 pp |
| 2022 | -107.3% | Nkr-1.59 Billion | Nkr1.48 Billion | Nkr1.72 Billion | Nkr3.31 Billion | ▼ -57.9 pp |
| 2021 | -49.4% | Nkr-748.76 Million | Nkr1.52 Billion | Nkr1.47 Billion | Nkr2.22 Billion | ▼ -79.0 pp |
| 2020 | 29.6% | Nkr548.53 Million | Nkr1.85 Billion | Nkr1.49 Billion | Nkr937.85 Million | ▲ +54.1 pp |
| 2019 | -24.6% | Nkr-995.34 Million | Nkr4.05 Billion | Nkr1.70 Billion | Nkr2.69 Billion | ▼ -38.6 pp |
| 2018 | 14.0% | Nkr803.62 Million | Nkr5.74 Billion | Nkr1.52 Billion | Nkr720.88 Million | ▲ +14.7 pp |
| 2017 | -0.7% | Nkr-3.70 Million | Nkr545.05 Million | Nkr291.05 Million | Nkr294.76 Million | — |