Bourse Direct SA (BSD) — Working Capital to Net Assets Ratio
Bourse Direct SA (BSD) has a Working Capital to Net Assets ratio of 1433.6% as of December 2025. Working capital of €1.27 Billion (current assets of €1.32 Billion minus current liabilities of €51.09 Million) is measured against net assets of €88.74 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BSD financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bourse Direct SA Working Capital to Net Assets (2006–2025)
This chart shows how Bourse Direct SA's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2006 to 2025. As of December 2025, the ratio stands at 1433.6%, reflecting working capital of €1.27 Billion against net assets of €88.74 Million EUR. See defensive interval ratio of Bourse Direct SA to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Bourse Direct SA (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bourse Direct SA from 2006 to 2025, covering 17 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 BSD market cap.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1433.6% | €1.27 Billion | €88.74 Million | €1.32 Billion | €51.09 Million | ▲ +2800.8 pp |
| 2023 | -1367.2% | €-955.70 Million | €69.90 Million | €178.64 Million | €1.13 Billion | ▼ -1708.9 pp |
| 2022 | 341.7% | €233.64 Million | €68.38 Million | €239.94 Million | €6.29 Million | ▼ -164.2 pp |
| 2021 | 506.0% | €338.85 Million | €66.97 Million | €345.44 Million | €6.59 Million | ▲ +206.5 pp |
| 2020 | 299.4% | €193.02 Million | €64.46 Million | €201.75 Million | €8.73 Million | ▲ +48.9 pp |
| 2019 | 250.5% | €154.36 Million | €61.61 Million | €158.32 Million | €3.95 Million | ▲ +167.5 pp |
| 2018 | 83.0% | €670.30 Million | €807.32 Million | €674.08 Million | €3.78 Million | ▼ -1029.8 pp |
| 2017 | 1112.9% | €668.41 Million | €60.06 Million | €673.09 Million | €4.68 Million | ▼ -73.3 pp |
| 2016 | 1186.2% | €680.09 Million | €57.34 Million | €680.75 Million | €656.22K | ▲ +150.0 pp |
| 2015 | 1036.1% | €570.09 Million | €55.02 Million | €571.34 Million | €1.25 Million | ▲ +779.7 pp |
| 2014 | 256.4% | €133.53 Million | €52.08 Million | €134.27 Million | €737.29K | ▼ -641.6 pp |
| 2013 | 898.0% | €438.75 Million | €48.86 Million | €440.83 Million | €2.08 Million | ▲ +101.0 pp |
| 2012 | 796.9% | €362.11 Million | €45.44 Million | €363.41 Million | €1.30 Million | ▲ +194.9 pp |
| 2011 | 602.0% | €268.26 Million | €44.56 Million | €268.90 Million | €636.60K | ▲ +544.3 pp |
| 2008 | 57.8% | €24.25 Million | €41.98 Million | €187.68 Million | €163.43 Million | ▲ +112.3 pp |
| 2007 | -54.5% | €-20.25 Million | €37.13 Million | €156.38 Million | €176.62 Million | ▲ +129.5 pp |
| 2006 | -184.1% | €-41.14 Million | €22.35 Million | €123.75 Million | €164.89 Million | — |