Argan SA Working Capital to Net Assets Ratio
Argan SA working capital to net assets ratio. Argan SA (ARG) has a Working Capital to Net Assets ratio of -15.2% as of June 2026. Working capital of €-382.12 Million (current assets of €414.82 Million minus current liabilities of €796.93 Million) is measured against net assets of €2.52 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check ARG tangible net assets ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Argan SA (2008–2025)
Working capital to net assets ratio of Argan SA from 2008 to 2025. This chart shows how Argan SA's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of June 2026, the ratio stands at -15.2%, reflecting working capital of €-382.12 Million against net assets of €2.52 Billion EUR. See operational self-sufficiency of Argan SA to measure how many days the company can operate on defensive assets alone.
Argan SA Working Capital to Net Assets Ratio by Year (2008–2025)
Argan SA working capital to net assets ratio by year from 2008 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Argan SA from 2008 to 2025, covering 18 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 the complete balance sheet picture, see Argan SA assets under control.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -23.7% | €-580.22 Million | €2.45 Billion | €100.91 Million | €681.13 Million | ▼ -21.6 pp |
| 2024 | -2.1% | €-47.26 Million | €2.26 Billion | €156.92 Million | €204.18 Million | ▲ +5.6 pp |
| 2023 | -7.7% | €-148.66 Million | €1.92 Billion | €135.57 Million | €284.24 Million | ▼ -4.5 pp |
| 2022 | -3.2% | €-73.21 Million | €2.26 Billion | €279.63 Million | €352.84 Million | ▼ -8.7 pp |
| 2021 | 5.5% | €118.86 Million | €2.16 Billion | €584.60 Million | €465.74 Million | ▲ +12.8 pp |
| 2020 | -7.3% | €-108.40 Million | €1.48 Billion | €121.08 Million | €229.47 Million | ▲ +50.8 pp |
| 2019 | -58.2% | €-720.54 Million | €1.24 Billion | €87.90 Million | €808.44 Million | ▼ -48.6 pp |
| 2018 | -9.6% | €-62.49 Million | €653.48 Million | €59.64 Million | €122.14 Million | ▼ -4.5 pp |
| 2017 | -5.1% | €-26.26 Million | €517.68 Million | €136.95 Million | €163.20 Million | ▲ +1.4 pp |
| 2016 | -6.5% | €-25.18 Million | €386.20 Million | €67.56 Million | €92.75 Million | ▼ -1.7 pp |
| 2015 | -4.8% | €-14.10 Million | €292.42 Million | €116.09 Million | €130.19 Million | ▲ +3.5 pp |
| 2014 | -8.4% | €-20.87 Million | €249.92 Million | €50.00 Million | €70.87 Million | ▼ -21.9 pp |
| 2013 | 13.6% | €30.70 Million | €226.46 Million | €105.57 Million | €74.86 Million | ▲ +25.5 pp |
| 2012 | -11.9% | €-24.17 Million | €202.72 Million | €60.61 Million | €84.78 Million | ▼ -11.3 pp |
| 2011 | -0.6% | €-1.23 Million | €195.01 Million | €62.84 Million | €64.07 Million | ▼ -3.0 pp |
| 2010 | 2.4% | €3.62 Million | €151.35 Million | €50.90 Million | €47.28 Million | ▼ -11.0 pp |
| 2009 | 13.4% | €15.18 Million | €113.62 Million | €54.32 Million | €39.14 Million | ▲ +16.1 pp |
| 2008 | -2.8% | €-4.02 Million | €144.47 Million | €34.36 Million | €38.39 Million | — |