Pierre et Vacances SA (VAC) — Working Capital to Net Assets Ratio
Pierre et Vacances SA (VAC) has a Working Capital to Net Assets ratio of 146.3% as of September 2025. Working capital of €-500.65 Million (current assets of €653.78 Million minus current liabilities of €1.15 Billion) is measured against net assets of €-342.15 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See VAC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pierre et Vacances SA Working Capital to Net Assets (2004–2025)
This chart shows how Pierre et Vacances SA's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 146.3%, reflecting working capital of €-500.65 Million against net assets of €-342.15 Million EUR. For the complete balance sheet picture, see balance sheet size of Pierre et Vacances SA.
Annual Working Capital to Net Assets for Pierre et Vacances SA (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pierre et Vacances SA from 2004 to 2025, covering 22 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. Check VAC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 146.3% | €-500.65 Million | €-342.15 Million | €653.78 Million | €1.15 Billion | ▲ +14.6 pp |
| 2024 | 131.7% | €-502.06 Million | €-381.18 Million | €665.36 Million | €1.17 Billion | ▲ +82.8 pp |
| 2023 | 48.9% | €-208.30 Million | €-425.77 Million | €1.13 Billion | €1.34 Billion | ▲ +60.1 pp |
| 2022 | -11.2% | €39.81 Million | €-355.58 Million | €1.17 Billion | €1.13 Billion | ▼ -59.1 pp |
| 2021 | 47.9% | €-472.23 Million | €-986.41 Million | €1.17 Billion | €1.65 Billion | ▲ +14.8 pp |
| 2020 | 33.1% | €-185.82 Million | €-561.23 Million | €957.07 Million | €1.14 Billion | ▲ +46.7 pp |
| 2019 | -13.6% | €-34.22 Million | €251.45 Million | €823.88 Million | €858.10 Million | ▼ -9.5 pp |
| 2018 | -4.1% | €-11.67 Million | €285.81 Million | €795.71 Million | €807.38 Million | ▼ -0.3 pp |
| 2017 | -3.8% | €-12.31 Million | €326.88 Million | €807.77 Million | €820.08 Million | ▼ -8.9 pp |
| 2016 | 5.1% | €19.28 Million | €378.92 Million | €776.12 Million | €756.84 Million | ▲ +17.4 pp |
| 2015 | -12.3% | €-44.78 Million | €364.17 Million | €713.13 Million | €757.91 Million | ▼ -5.8 pp |
| 2014 | -6.5% | €-24.16 Million | €374.31 Million | €902.37 Million | €926.53 Million | ▼ -0.9 pp |
| 2013 | -5.5% | €-21.88 Million | €396.94 Million | €938.16 Million | €960.04 Million | ▼ -12.0 pp |
| 2012 | 6.5% | €29.11 Million | €450.22 Million | €847.07 Million | €817.96 Million | ▼ -16.8 pp |
| 2011 | 23.2% | €114.66 Million | €493.74 Million | €955.48 Million | €840.82 Million | ▲ +18.3 pp |
| 2010 | 4.9% | €23.82 Million | €486.85 Million | €828.01 Million | €804.20 Million | ▲ +20.8 pp |
| 2009 | -15.9% | €-78.05 Million | €490.95 Million | €737.01 Million | €815.06 Million | ▼ -5.3 pp |
| 2008 | -10.6% | €-49.70 Million | €470.03 Million | €916.32 Million | €966.02 Million | ▼ -0.8 pp |
| 2007 | -9.8% | €-41.53 Million | €425.32 Million | €781.07 Million | €822.60 Million | ▼ -4.7 pp |
| 2006 | -5.1% | €-18.69 Million | €368.84 Million | €747.78 Million | €766.48 Million | ▼ -1.0 pp |
| 2005 | -4.1% | €-13.77 Million | €336.95 Million | €975.68 Million | €989.45 Million | ▲ +11.1 pp |
| 2004 | -15.2% | €-47.76 Million | €314.71 Million | €733.58 Million | €781.34 Million | — |