Glass To Power SpA (MLGLB) — Working Capital to Net Assets Ratio

Latest as of June 2024: -94.9%

Glass To Power SpA (MLGLB) has a Working Capital to Net Assets ratio of -94.9% as of June 2024. Working capital of €-690.71K (current assets of €412.51K minus current liabilities of €1.10 Million) is measured against net assets of €727.80K. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Glass To Power SpA fund operations to measure how many days the company can operate on defensive assets alone.

WC/NA Ratio

-94.9%
Working Capital / Net Assets

Working Capital

€-690.71K
EUR

Current Assets

€412.51K
EUR

Current Liabilities

€1.10 Million
EUR

Glass To Power SpA Working Capital to Net Assets (2019–2024)

This chart shows how Glass To Power SpA's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of June 2024, the ratio stands at -94.9%, reflecting working capital of €-690.71K against net assets of €727.80K EUR. For the complete balance sheet picture, see MLGLB current and non-current assets.

Annual Working Capital to Net Assets for Glass To Power SpA (2019–2024)

The table below presents the year-by-year Working Capital to Net Assets ratio for Glass To Power SpA from 2019 to 2024, covering 6 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. Read debt load of Glass To Power SpA for a breakdown of total debt and financial obligations.

Year WC/NA Ratio Working Capital (EUR) Net Assets Current Assets Current Liabilities Change (pp)
2024 -26.9% €-65.42K €242.89K €420.81K €486.23K ▲ +297.2 pp
2023 -324.2% €-629.34K €194.15K €977.58K €1.61 Million ▲ +624.5 pp
2022 -948.7% €-968.24K €102.06K €325.52K €1.29 Million ▼ -942.1 pp
2021 -6.6% €-202.61K €3.05 Million €1.57 Million €1.78 Million ▼ -4.6 pp
2020 -2.0% €-49.78K €2.45 Million €1.15 Million €1.20 Million ▼ -28.2 pp
2019 26.1% €894.08K €3.42 Million €1.34 Million €450.19K
pp = percentage points