Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) — Working Capital to Net Assets Ratio
Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) has a Working Capital to Net Assets ratio of -3.4% as of September 2025. Working capital of R$-295.00 Million (current assets of R$5.87 Billion minus current liabilities of R$6.16 Billion) is measured against net assets of R$8.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Companhiade Eletricidade do Estado da Ba balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Companhiade Eletricidade do Estado da Bahia - COELBA Working Capital to Net Assets (2004–2024)
This chart shows how Companhiade Eletricidade do Estado da Bahia - COELBA's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at -3.4%, reflecting working capital of R$-295.00 Million against net assets of R$8.57 Billion BRL. Check Companhiade Eletricidade do Estado da Ba tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Companhiade Eletricidade do Estado da Bahia - COELBA (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Companhiade Eletricidade do Estado da Bahia - COELBA from 2004 to 2024, covering 21 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see CEEB3 stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -4.4% | R$-327.00 Million | R$7.42 Billion | R$6.35 Billion | R$6.67 Billion | ▲ +9.4 pp |
| 2023 | -13.8% | R$-887.00 Million | R$6.44 Billion | R$6.08 Billion | R$6.96 Billion | ▼ -7.9 pp |
| 2022 | -5.9% | R$-350.00 Million | R$5.91 Billion | R$5.39 Billion | R$5.74 Billion | ▼ -16.2 pp |
| 2021 | 10.2% | R$633.00 Million | R$6.18 Billion | R$5.64 Billion | R$5.00 Billion | ▼ -0.7 pp |
| 2020 | 11.0% | R$669.00 Million | R$6.11 Billion | R$4.14 Billion | R$3.48 Billion | ▼ -2.2 pp |
| 2019 | 13.1% | R$684.05 Million | R$5.22 Billion | R$4.51 Billion | R$3.82 Billion | ▲ +0.9 pp |
| 2018 | 12.2% | R$637.28 Million | R$5.21 Billion | R$3.35 Billion | R$2.72 Billion | ▲ +41.1 pp |
| 2017 | -28.8% | R$-912.89 Million | R$3.17 Billion | R$3.01 Billion | R$3.93 Billion | ▲ +0.6 pp |
| 2016 | -29.5% | R$-870.79 Million | R$2.96 Billion | R$2.16 Billion | R$3.03 Billion | ▼ -26.2 pp |
| 2015 | -3.3% | R$-99.86 Million | R$3.07 Billion | R$2.55 Billion | R$2.65 Billion | ▼ -10.4 pp |
| 2014 | 7.1% | R$197.83 Million | R$2.79 Billion | R$1.89 Billion | R$1.69 Billion | ▲ +5.6 pp |
| 2013 | 1.5% | R$37.90 Million | R$2.49 Billion | R$1.70 Billion | R$1.66 Billion | ▲ +10.3 pp |
| 2012 | -8.8% | R$-177.70 Million | R$2.02 Billion | R$1.49 Billion | R$1.67 Billion | ▼ -13.7 pp |
| 2011 | 4.8% | R$90.98 Million | R$1.88 Billion | R$1.35 Billion | R$1.26 Billion | ▼ -2.4 pp |
| 2010 | 7.2% | R$172.14 Million | R$2.38 Billion | R$1.31 Billion | R$1.13 Billion | ▲ +2.2 pp |
| 2009 | 5.0% | R$107.09 Million | R$2.12 Billion | R$1.35 Billion | R$1.25 Billion | ▼ -6.4 pp |
| 2008 | 11.4% | R$185.94 Million | R$1.63 Billion | R$1.26 Billion | R$1.08 Billion | ▼ -11.5 pp |
| 2007 | 22.9% | R$353.39 Million | R$1.54 Billion | R$1.83 Billion | R$1.47 Billion | ▼ -7.9 pp |
| 2006 | 30.8% | R$400.87 Million | R$1.30 Billion | R$1.45 Billion | R$1.05 Billion | ▼ -2.3 pp |
| 2005 | 33.1% | R$382.57 Million | R$1.15 Billion | R$1.41 Billion | R$1.03 Billion | ▲ +20.0 pp |
| 2004 | 13.2% | R$223.01 Million | R$1.69 Billion | R$938.36 Million | R$715.35 Million | — |