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 SES S. A. 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
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. See SES S. A. (SESG) defensive interval to measure how many days the company can operate on defensive assets alone.
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 SESG company net worth.
| 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 | — |