SES S. A. (SESG) — Working Capital to Net Assets Ratio
SES S. A. (SESG) has a Working Capital to Net Assets ratio of 103.0% as of June 2025. Working capital of €2.96 Billion (current assets of €5.19 Billion minus current liabilities of €2.23 Billion) is measured against net assets of €2.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of SES S. A. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SES S. A. Working Capital to Net Assets (2002–2024)
This chart shows how SES S. A.'s Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of June 2025, the ratio stands at 103.0%, reflecting working capital of €2.96 Billion against net assets of €2.88 Billion EUR. Check SES S. A. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for SES S. A. (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for SES S. A. from 2002 to 2024, covering 23 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 market cap of SES S. A..
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 79.6% | €2.78 Billion | €3.49 Billion | €4.30 Billion | €1.52 Billion | ▲ +29.8 pp |
| 2023 | 49.8% | €1.87 Billion | €3.76 Billion | €3.89 Billion | €2.02 Billion | ▲ +40.1 pp |
| 2022 | 9.7% | €547.00 Million | €5.66 Billion | €2.19 Billion | €1.64 Billion | ▲ +3.5 pp |
| 2021 | 6.2% | €354.00 Million | €5.73 Billion | €2.88 Billion | €2.53 Billion | ▲ +1.7 pp |
| 2020 | 4.4% | €241.00 Million | €5.44 Billion | €1.77 Billion | €1.53 Billion | ▲ +2.3 pp |
| 2019 | 2.1% | €133.90 Million | €6.26 Billion | €1.86 Billion | €1.73 Billion | ▲ +0.3 pp |
| 2018 | 1.8% | €113.70 Million | €6.25 Billion | €1.65 Billion | €1.54 Billion | ▲ +10.0 pp |
| 2017 | -8.1% | €-498.10 Million | €6.11 Billion | €1.07 Billion | €1.57 Billion | ▼ -13.6 pp |
| 2016 | 5.5% | €379.60 Million | €6.95 Billion | €1.67 Billion | €1.29 Billion | ▼ 0.0 pp |
| 2015 | 5.5% | €222.20 Million | €4.06 Billion | €1.47 Billion | €1.25 Billion | ▼ -1.6 pp |
| 2014 | 7.1% | €246.20 Million | €3.49 Billion | €1.31 Billion | €1.06 Billion | ▲ +20.9 pp |
| 2013 | -13.9% | €-401.80 Million | €2.90 Billion | €1.18 Billion | €1.59 Billion | ▲ +30.7 pp |
| 2012 | -44.6% | €-1.29 Billion | €2.89 Billion | €696.30 Million | €1.98 Billion | ▼ -6.3 pp |
| 2011 | -38.3% | €-1.00 Billion | €2.62 Billion | €684.90 Million | €1.69 Billion | ▲ +20.2 pp |
| 2010 | -58.5% | €-1.25 Billion | €2.13 Billion | €772.40 Million | €2.02 Billion | ▼ -24.4 pp |
| 2009 | -34.1% | €-543.90 Million | €1.60 Billion | €715.50 Million | €1.26 Billion | ▲ +1.1 pp |
| 2008 | -35.2% | €-549.00 Million | €1.56 Billion | €813.80 Million | €1.36 Billion | ▲ +15.0 pp |
| 2007 | -50.2% | €-808.90 Million | €1.61 Billion | €548.10 Million | €1.36 Billion | ▼ -40.9 pp |
| 2006 | -9.3% | €-282.40 Million | €3.05 Billion | €774.90 Million | €1.06 Billion | ▼ -4.8 pp |
| 2005 | -4.5% | €-155.30 Million | €3.48 Billion | €501.70 Million | €657.00 Million | ▼ -12.3 pp |
| 2004 | 7.8% | €263.90 Million | €3.37 Billion | €850.30 Million | €586.40 Million | ▲ +7.3 pp |
| 2003 | 0.5% | €18.90 Million | €3.49 Billion | €620.10 Million | €601.20 Million | ▲ +8.5 pp |
| 2002 | -7.9% | €-304.90 Million | €3.85 Billion | €940.80 Million | €1.25 Billion | — |