Petróleo Brasileiro S.A. - Petrobras (PETR3) — Working Capital to Net Assets Ratio
Petróleo Brasileiro S.A. - Petrobras (PETR3) has a Working Capital to Net Assets ratio of -10.9% as of March 2026. Working capital of R$-48.63 Billion (current assets of R$140.53 Billion minus current liabilities of R$189.17 Billion) is measured against net assets of R$446.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Petróleo Brasileiro S.A. - Petrobras (PETR3) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Petróleo Brasileiro S.A. - Petrobras Working Capital to Net Assets (1999–2025)
This chart shows how Petróleo Brasileiro S.A. - Petrobras's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1999 to 2025. As of March 2026, the ratio stands at -10.9%, reflecting working capital of R$-48.63 Billion against net assets of R$446.38 Billion BRL. See Petróleo Brasileiro S.A. - Petrobras liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Petróleo Brasileiro S.A. - Petrobras (1999–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Petróleo Brasileiro S.A. - Petrobras from 1999 to 2025, covering 27 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Petróleo Brasileiro S.A. - Petrobras (PETR3) total market value.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -14.0% | R$-58.32 Billion | R$417.42 Billion | R$139.97 Billion | R$198.29 Billion | ▲ +2.2 pp |
| 2024 | -16.2% | R$-59.51 Billion | R$367.02 Billion | R$135.03 Billion | R$194.55 Billion | ▼ -14.4 pp |
| 2023 | -1.8% | R$-6.95 Billion | R$388.17 Billion | R$159.47 Billion | R$166.43 Billion | ▼ -1.6 pp |
| 2022 | -0.2% | R$-130.00 Million | R$69.84 Billion | R$31.25 Billion | R$31.38 Billion | ▼ -8.7 pp |
| 2021 | 8.6% | R$5.97 Billion | R$69.81 Billion | R$30.15 Billion | R$24.18 Billion | ▲ +6.6 pp |
| 2020 | 1.9% | R$1.16 Billion | R$59.88 Billion | R$27.39 Billion | R$26.23 Billion | ▲ +3.3 pp |
| 2019 | -1.4% | R$-1.00 Billion | R$74.22 Billion | R$27.81 Billion | R$28.82 Billion | ▼ -17.8 pp |
| 2018 | 16.4% | R$12.01 Billion | R$73.17 Billion | R$37.06 Billion | R$25.05 Billion | ▼ -10.8 pp |
| 2017 | 27.2% | R$22.18 Billion | R$81.50 Billion | R$47.13 Billion | R$24.95 Billion | ▲ +1.6 pp |
| 2016 | 25.6% | R$19.87 Billion | R$77.55 Billion | R$44.77 Billion | R$24.90 Billion | ▲ +3.1 pp |
| 2015 | 22.5% | R$14.86 Billion | R$66.06 Billion | R$43.43 Billion | R$28.57 Billion | ▲ +5.6 pp |
| 2014 | 16.9% | R$19.71 Billion | R$116.98 Billion | R$50.83 Billion | R$31.12 Billion | ▲ +5.2 pp |
| 2013 | 11.7% | R$17.43 Billion | R$149.12 Billion | R$52.66 Billion | R$35.23 Billion | ▼ -2.3 pp |
| 2012 | 14.0% | R$23.72 Billion | R$169.04 Billion | R$57.79 Billion | R$34.07 Billion | ▼ -1.9 pp |
| 2011 | 15.9% | R$52.95 Billion | R$332.22 Billion | R$121.16 Billion | R$68.21 Billion | ▼ -0.6 pp |
| 2010 | 16.5% | R$30.31 Billion | R$183.40 Billion | R$63.86 Billion | R$33.55 Billion | ▲ +4.3 pp |
| 2009 | 12.2% | R$11.68 Billion | R$95.42 Billion | R$42.64 Billion | R$30.96 Billion | ▲ +9.0 pp |
| 2008 | 3.2% | R$2.00 Billion | R$62.57 Billion | R$26.76 Billion | R$24.76 Billion | ▼ -3.7 pp |
| 2007 | 6.9% | R$4.67 Billion | R$67.51 Billion | R$29.14 Billion | R$24.47 Billion | ▼ -12.9 pp |
| 2006 | 19.8% | R$9.17 Billion | R$46.27 Billion | R$30.95 Billion | R$21.79 Billion | ▼ -2.6 pp |
| 2005 | 22.4% | R$7.62 Billion | R$33.99 Billion | R$25.78 Billion | R$18.16 Billion | ▼ -3.7 pp |
| 2004 | 26.1% | R$6.10 Billion | R$23.38 Billion | R$19.43 Billion | R$13.33 Billion | ▼ -12.0 pp |
| 2003 | 38.1% | R$6.68 Billion | R$17.52 Billion | R$17.90 Billion | R$11.22 Billion | ▲ +2.6 pp |
| 2002 | 35.5% | R$3.25 Billion | R$9.16 Billion | R$10.20 Billion | R$6.95 Billion | ▼ -11.7 pp |
| 2001 | 47.1% | R$6.28 Billion | R$13.33 Billion | R$14.33 Billion | R$8.04 Billion | ▲ +27.8 pp |
| 2000 | 19.3% | R$2.89 Billion | R$14.94 Billion | R$12.53 Billion | R$9.64 Billion | ▲ +32.1 pp |
| 1999 | -12.8% | R$-1.40 Billion | R$10.96 Billion | R$8.17 Billion | R$9.57 Billion | — |