Thales S.A. (HO) — Working Capital to Net Assets Ratio
Thales S.A. (HO) has a Working Capital to Net Assets ratio of -62.9% as of June 2025. Working capital of €-4.51 Billion (current assets of €21.03 Billion minus current liabilities of €25.54 Billion) is measured against net assets of €7.17 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Thales S.A. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thales S.A. Working Capital to Net Assets (2001–2024)
This chart shows how Thales S.A.'s Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of June 2025, the ratio stands at -62.9%, reflecting working capital of €-4.51 Billion against net assets of €7.17 Billion EUR. Check Thales S.A. tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Thales S.A. (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thales S.A. from 2001 to 2024, covering 24 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 Thales S.A. (HO) total market value.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -62.9% | €-4.76 Billion | €7.56 Billion | €20.90 Billion | €25.66 Billion | ▼ -19.4 pp |
| 2023 | -43.5% | €-3.03 Billion | €6.97 Billion | €21.19 Billion | €24.22 Billion | ▼ -47.2 pp |
| 2022 | 3.7% | €270.90 Million | €7.38 Billion | €21.01 Billion | €20.74 Billion | ▼ -13.2 pp |
| 2021 | 16.9% | €1.14 Billion | €6.72 Billion | €19.70 Billion | €18.57 Billion | ▲ +12.2 pp |
| 2020 | 4.7% | €250.80 Million | €5.31 Billion | €17.43 Billion | €17.18 Billion | ▲ +33.1 pp |
| 2019 | -28.4% | €-1.61 Billion | €5.68 Billion | €15.88 Billion | €17.49 Billion | ▼ -68.2 pp |
| 2018 | 39.8% | €2.36 Billion | €5.92 Billion | €16.97 Billion | €14.62 Billion | ▲ +23.4 pp |
| 2017 | 16.4% | €912.50 Million | €5.56 Billion | €14.82 Billion | €13.91 Billion | ▲ +0.9 pp |
| 2016 | 15.6% | €756.70 Million | €4.87 Billion | €14.07 Billion | €13.31 Billion | ▲ +17.8 pp |
| 2015 | -2.2% | €-110.70 Million | €4.94 Billion | €13.09 Billion | €13.20 Billion | ▼ -1.4 pp |
| 2014 | -0.9% | €-35.10 Million | €4.07 Billion | €11.60 Billion | €11.63 Billion | ▼ -2.1 pp |
| 2013 | 1.3% | €49.50 Million | €3.94 Billion | €13.82 Billion | €13.77 Billion | ▲ +23.3 pp |
| 2012 | -22.0% | €-1.01 Billion | €4.59 Billion | €13.60 Billion | €14.61 Billion | ▲ +3.9 pp |
| 2011 | -25.9% | €-1.07 Billion | €4.13 Billion | €13.31 Billion | €14.38 Billion | ▲ +1.8 pp |
| 2010 | -27.6% | €-1.02 Billion | €3.68 Billion | €11.80 Billion | €12.82 Billion | ▼ -14.8 pp |
| 2009 | -12.9% | €-483.40 Million | €3.75 Billion | €11.00 Billion | €11.49 Billion | ▲ +11.8 pp |
| 2008 | -24.6% | €-973.40 Million | €3.95 Billion | €11.13 Billion | €12.11 Billion | ▼ -22.9 pp |
| 2007 | -1.7% | €-66.50 Million | €3.88 Billion | €10.88 Billion | €10.95 Billion | ▼ -38.8 pp |
| 2006 | 37.0% | €849.80 Million | €2.29 Billion | €10.86 Billion | €10.01 Billion | ▲ +15.1 pp |
| 2005 | 22.0% | €461.70 Million | €2.10 Billion | €9.66 Billion | €9.20 Billion | ▲ +27.2 pp |
| 2004 | -5.3% | €-84.10 Million | €1.60 Billion | €9.26 Billion | €9.35 Billion | ▼ -69.9 pp |
| 2003 | 64.6% | €1.33 Billion | €2.06 Billion | €14.07 Billion | €12.74 Billion | ▼ -1.8 pp |
| 2002 | 66.4% | €1.44 Billion | €2.17 Billion | €13.53 Billion | €12.09 Billion | ▼ -20.6 pp |
| 2001 | 87.1% | €1.89 Billion | €2.17 Billion | €14.24 Billion | €12.34 Billion | — |