Fortnox AB (FNOX) — Working Capital to Net Assets Ratio
Fortnox AB (FNOX) has a Working Capital to Net Assets ratio of 44.6% as of March 2025. Working capital of Skr1.15 Billion (current assets of Skr1.98 Billion minus current liabilities of Skr837.00 Million) is measured against net assets of Skr2.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See FNOX free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Fortnox AB Working Capital to Net Assets (2008–2024)
This chart shows how Fortnox AB's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2008 to 2024. As of March 2025, the ratio stands at 44.6%, reflecting working capital of Skr1.15 Billion against net assets of Skr2.57 Billion SEK. See FNOX days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Fortnox AB (2008–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Fortnox AB from 2008 to 2024, covering 17 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 Fortnox AB market cap and net worth.
| Year | WC/NA Ratio | Working Capital (SEK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 40.9% | Skr967.00 Million | Skr2.36 Billion | Skr1.79 Billion | Skr827.00 Million | ▲ +10.3 pp |
| 2023 | 30.6% | Skr543.00 Million | Skr1.77 Billion | Skr1.27 Billion | Skr723.00 Million | ▼ -2.1 pp |
| 2022 | 32.7% | Skr418.90 Million | Skr1.28 Billion | Skr976.30 Million | Skr557.40 Million | ▲ +7.6 pp |
| 2021 | 25.1% | Skr246.51 Million | Skr981.71 Million | Skr761.76 Million | Skr515.25 Million | ▼ -38.4 pp |
| 2020 | 63.5% | Skr298.12 Million | Skr469.26 Million | Skr604.16 Million | Skr306.04 Million | ▲ +0.6 pp |
| 2019 | 62.9% | Skr176.44 Million | Skr280.45 Million | Skr448.39 Million | Skr271.95 Million | ▲ +17.3 pp |
| 2018 | 45.6% | Skr75.42 Million | Skr165.34 Million | Skr311.96 Million | Skr236.53 Million | ▲ +27.4 pp |
| 2017 | 18.2% | Skr18.02 Million | Skr99.08 Million | Skr242.07 Million | Skr224.06 Million | ▲ +22.8 pp |
| 2016 | -4.6% | Skr-2.69 Million | Skr58.71 Million | Skr95.14 Million | Skr97.84 Million | ▲ +25.9 pp |
| 2015 | -30.4% | Skr-11.23 Million | Skr36.88 Million | Skr61.83 Million | Skr73.06 Million | ▼ -21.8 pp |
| 2014 | -8.6% | Skr-2.31 Million | Skr26.71 Million | Skr43.53 Million | Skr45.83 Million | ▼ -81.2 pp |
| 2013 | 72.6% | Skr28.86 Million | Skr39.77 Million | Skr41.93 Million | Skr13.06 Million | ▲ +5.2 pp |
| 2012 | 67.4% | Skr24.52 Million | Skr36.40 Million | Skr33.76 Million | Skr9.24 Million | ▲ +15.7 pp |
| 2011 | 51.7% | Skr16.40 Million | Skr31.73 Million | Skr23.74 Million | Skr7.34 Million | ▲ +7.8 pp |
| 2010 | 43.9% | Skr11.18 Million | Skr25.48 Million | Skr15.95 Million | Skr4.77 Million | ▲ +19.1 pp |
| 2009 | 24.8% | Skr5.73 Million | Skr23.14 Million | Skr12.75 Million | Skr7.02 Million | ▲ +8.8 pp |
| 2008 | 15.9% | Skr2.95 Million | Skr18.55 Million | Skr7.47 Million | Skr4.51 Million | — |