Western Bulk Chartering AS (WEST) — Working Capital to Net Assets Ratio
Western Bulk Chartering AS (WEST) has a Working Capital to Net Assets ratio of 92.6% as of December 2025. Working capital of Nkr47.06 Million (current assets of Nkr104.62 Million minus current liabilities of Nkr57.56 Million) is measured against net assets of Nkr50.81 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Western Bulk Chartering AS to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Western Bulk Chartering AS Working Capital to Net Assets (2016–2025)
This chart shows how Western Bulk Chartering AS's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 92.6%, reflecting working capital of Nkr47.06 Million against net assets of Nkr50.81 Million NOK. Check Western Bulk Chartering AS tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Western Bulk Chartering AS (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Western Bulk Chartering AS from 2016 to 2025, covering 10 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 WEST market cap overview.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 92.6% | Nkr47.06 Million | Nkr50.81 Million | Nkr104.62 Million | Nkr57.56 Million | ▼ -5.2 pp |
| 2024 | 97.8% | Nkr48.66 Million | Nkr49.74 Million | Nkr116.19 Million | Nkr67.54 Million | ▼ -1.6 pp |
| 2023 | 99.4% | Nkr52.17 Million | Nkr52.48 Million | Nkr119.17 Million | Nkr67.00 Million | ▼ -0.3 pp |
| 2022 | 99.7% | Nkr67.92 Million | Nkr68.10 Million | Nkr161.91 Million | Nkr94.00 Million | ▲ +1.6 pp |
| 2021 | 98.1% | Nkr50.17 Million | Nkr51.13 Million | Nkr194.74 Million | Nkr144.57 Million | ▲ +0.8 pp |
| 2020 | 97.3% | Nkr19.28 Million | Nkr19.81 Million | Nkr77.45 Million | Nkr58.17 Million | ▼ -6.0 pp |
| 2019 | 103.4% | Nkr16.52 Million | Nkr15.98 Million | Nkr116.25 Million | Nkr99.74 Million | ▼ -126.8 pp |
| 2018 | 230.2% | Nkr55.47 Million | Nkr24.10 Million | Nkr113.67 Million | Nkr58.20 Million | ▼ -52.4 pp |
| 2017 | 282.6% | Nkr57.04 Million | Nkr20.19 Million | Nkr98.27 Million | Nkr41.23 Million | ▼ -62.8 pp |
| 2016 | 345.4% | Nkr47.49 Million | Nkr13.75 Million | Nkr96.06 Million | Nkr48.58 Million | — |