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 operational self-sufficiency of Fortnox AB to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see how large is Fortnox AB's balance sheet.
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. Check FNOX financial resilience to evaluate the company's liquid asset resilience ratio.
| 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 | — |