Vow ASA (VOW) — Working Capital to Net Assets Ratio
Vow ASA (VOW) has a Working Capital to Net Assets ratio of -142.3% as of December 2025. Working capital of Nkr-307.50 Million (current assets of Nkr431.00 Million minus current liabilities of Nkr738.50 Million) is measured against net assets of Nkr216.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Vow ASA (VOW) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vow ASA Working Capital to Net Assets (2011–2025)
This chart shows how Vow ASA's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at -142.3%, reflecting working capital of Nkr-307.50 Million against net assets of Nkr216.10 Million NOK. Check VOW intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vow ASA (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vow ASA from 2011 to 2025, covering 15 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 VOW market cap overview.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -135.3% | Nkr-307.50 Million | Nkr227.30 Million | Nkr431.00 Million | Nkr738.50 Million | ▼ -146.9 pp |
| 2024 | 11.7% | Nkr63.70 Million | Nkr546.30 Million | Nkr715.90 Million | Nkr652.20 Million | ▲ +4.2 pp |
| 2023 | 7.5% | Nkr29.60 Million | Nkr396.40 Million | Nkr725.30 Million | Nkr695.70 Million | ▼ -6.3 pp |
| 2022 | 13.8% | Nkr73.20 Million | Nkr530.60 Million | Nkr729.90 Million | Nkr656.70 Million | ▼ -31.7 pp |
| 2021 | 45.5% | Nkr238.10 Million | Nkr523.70 Million | Nkr536.30 Million | Nkr298.20 Million | ▲ +5.0 pp |
| 2020 | 40.4% | Nkr129.80 Million | Nkr320.90 Million | Nkr361.50 Million | Nkr231.70 Million | ▲ +3.0 pp |
| 2019 | 37.5% | Nkr86.80 Million | Nkr231.70 Million | Nkr323.80 Million | Nkr237.00 Million | ▼ -34.0 pp |
| 2018 | 71.5% | Nkr66.70 Million | Nkr93.30 Million | Nkr152.60 Million | Nkr85.90 Million | ▲ +15.2 pp |
| 2017 | 56.3% | Nkr32.60 Million | Nkr57.90 Million | Nkr121.60 Million | Nkr89.00 Million | ▲ +19.1 pp |
| 2016 | 37.2% | Nkr16.90 Million | Nkr45.40 Million | Nkr93.00 Million | Nkr76.10 Million | ▼ -16.1 pp |
| 2015 | 53.4% | Nkr26.59 Million | Nkr49.83 Million | Nkr140.90 Million | Nkr114.30 Million | ▼ -4.2 pp |
| 2014 | 57.6% | Nkr25.96 Million | Nkr45.11 Million | Nkr122.40 Million | Nkr96.44 Million | ▲ +17.0 pp |
| 2013 | 40.5% | Nkr-8.65 Million | Nkr-21.36 Million | Nkr87.33 Million | Nkr95.98 Million | ▼ -82.9 pp |
| 2012 | 123.4% | Nkr-32.73 Million | Nkr-26.52 Million | Nkr60.63 Million | Nkr93.36 Million | ▲ +10.4 pp |
| 2011 | 113.0% | Nkr-33.96 Million | Nkr-30.06 Million | Nkr52.00 Million | Nkr85.97 Million | — |