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 net asset quality score to measure how much of total assets are equity-financed.
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. Check BSD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 stock market capitalisation.
| 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 | — |