Banco BTG Pactual S.A. (BPAC11) — Working Capital to Net Assets Ratio
Banco BTG Pactual S.A. (BPAC11) has a Working Capital to Net Assets ratio of -285.7% as of December 2025. Working capital of R$-219.70 Billion (current assets of R$53.15 Billion minus current liabilities of R$272.85 Billion) is measured against net assets of R$76.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See BPAC11 equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Banco BTG Pactual S.A. Working Capital to Net Assets (2008–2025)
This chart shows how Banco BTG Pactual S.A.'s Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of December 2025, the ratio stands at -285.7%, reflecting working capital of R$-219.70 Billion against net assets of R$76.91 Billion BRL. Check tangible equity quality of Banco BTG Pactual S.A. to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Banco BTG Pactual S.A. (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Banco BTG Pactual S.A. from 2008 to 2025, covering 18 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Banco BTG Pactual S.A. (BPAC11) market capitalisation.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -285.7% | R$-219.70 Billion | R$76.91 Billion | R$53.15 Billion | R$272.85 Billion | ▼ -409.9 pp |
| 2024 | 124.2% | R$78.92 Billion | R$63.53 Billion | R$230.98 Billion | R$152.06 Billion | ▲ +118.2 pp |
| 2023 | 6.0% | R$3.21 Billion | R$53.54 Billion | R$138.86 Billion | R$135.66 Billion | ▼ -222.9 pp |
| 2022 | 228.9% | R$106.68 Billion | R$46.61 Billion | R$109.70 Billion | R$3.01 Billion | ▲ +89.8 pp |
| 2021 | 139.1% | R$56.34 Billion | R$40.51 Billion | R$59.39 Billion | R$3.05 Billion | ▲ +126.0 pp |
| 2020 | 13.1% | R$19.21 Billion | R$146.64 Billion | R$19.57 Billion | R$360.29 Million | ▲ +13.0 pp |
| 2019 | 0.1% | R$22.08 Million | R$21.74 Billion | R$22.21 Billion | R$22.19 Billion | ▼ -282.3 pp |
| 2018 | 282.4% | R$53.07 Billion | R$18.79 Billion | R$77.54 Billion | R$24.48 Billion | ▲ +271.6 pp |
| 2017 | 10.8% | R$12.56 Billion | R$116.00 Billion | R$14.03 Billion | R$1.47 Billion | ▲ +2.7 pp |
| 2016 | 8.1% | R$8.79 Billion | R$108.69 Billion | R$11.51 Billion | R$2.72 Billion | ▼ -129.6 pp |
| 2015 | 137.7% | R$28.04 Billion | R$20.36 Billion | R$36.24 Billion | R$8.20 Billion | ▲ +60.6 pp |
| 2014 | 77.1% | R$11.94 Billion | R$15.50 Billion | R$35.19 Billion | R$23.24 Billion | ▼ -66.2 pp |
| 2013 | 143.3% | R$18.37 Billion | R$12.82 Billion | R$38.17 Billion | R$19.80 Billion | ▼ -190.9 pp |
| 2012 | 334.2% | R$34.90 Billion | R$10.44 Billion | R$56.65 Billion | R$21.75 Billion | ▼ -361.1 pp |
| 2011 | 695.3% | R$45.51 Billion | R$6.55 Billion | R$76.67 Billion | R$31.15 Billion | ▲ +396.3 pp |
| 2010 | 299.1% | R$16.56 Billion | R$5.54 Billion | R$36.29 Billion | R$19.73 Billion | ▲ +646.7 pp |
| 2009 | -347.7% | R$-11.09 Billion | R$3.19 Billion | R$6.11 Billion | R$17.20 Billion | ▼ -341.5 pp |
| 2008 | -6.1% | R$-237.02 Million | R$3.87 Billion | R$4.77 Billion | R$5.01 Billion | — |