Holcim AG (HOLN) — Working Capital to Net Assets Ratio
Holcim AG (HOLN) has a Working Capital to Net Assets ratio of 14.9% as of December 2025. Working capital of CHF2.40 Billion (current assets of CHF9.80 Billion minus current liabilities of CHF7.40 Billion) is measured against net assets of CHF16.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Holcim AG (HOLN) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Holcim AG Working Capital to Net Assets (2002–2025)
This chart shows how Holcim AG's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 14.9%, reflecting working capital of CHF2.40 Billion against net assets of CHF16.09 Billion CHF. Check Holcim AG tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Holcim AG (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Holcim AG from 2002 to 2025, covering 24 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 HOLN stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (CHF) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 14.9% | CHF2.40 Billion | CHF16.09 Billion | CHF9.80 Billion | CHF7.40 Billion | ▲ +6.2 pp |
| 2024 | 8.7% | CHF2.43 Billion | CHF27.95 Billion | CHF12.19 Billion | CHF9.75 Billion | ▼ -6.0 pp |
| 2023 | 14.7% | CHF3.94 Billion | CHF26.78 Billion | CHF12.84 Billion | CHF8.90 Billion | ▼ -12.1 pp |
| 2022 | 26.8% | CHF7.93 Billion | CHF29.61 Billion | CHF16.78 Billion | CHF8.86 Billion | ▲ +13.8 pp |
| 2021 | 13.0% | CHF3.95 Billion | CHF30.47 Billion | CHF13.70 Billion | CHF9.74 Billion | ▲ +3.5 pp |
| 2020 | 9.5% | CHF2.71 Billion | CHF28.62 Billion | CHF10.89 Billion | CHF8.18 Billion | ▼ -0.3 pp |
| 2019 | 9.7% | CHF3.07 Billion | CHF31.50 Billion | CHF12.21 Billion | CHF9.14 Billion | ▲ +6.6 pp |
| 2018 | 3.1% | CHF931.00 Million | CHF30.05 Billion | CHF11.66 Billion | CHF10.73 Billion | ▼ -0.5 pp |
| 2017 | 3.5% | CHF1.10 Billion | CHF30.98 Billion | CHF12.62 Billion | CHF11.52 Billion | ▼ -2.0 pp |
| 2016 | 5.5% | CHF1.93 Billion | CHF34.75 Billion | CHF14.44 Billion | CHF12.51 Billion | ▲ +9.7 pp |
| 2015 | -4.2% | CHF-1.50 Billion | CHF35.72 Billion | CHF13.33 Billion | CHF14.83 Billion | ▼ -6.5 pp |
| 2014 | 2.3% | CHF460.00 Million | CHF20.11 Billion | CHF7.31 Billion | CHF6.85 Billion | ▲ +1.6 pp |
| 2013 | 0.7% | CHF129.00 Million | CHF18.68 Billion | CHF7.59 Billion | CHF7.46 Billion | ▲ +0.9 pp |
| 2012 | -0.2% | CHF-36.00 Million | CHF19.84 Billion | CHF8.36 Billion | CHF8.40 Billion | ▼ -2.5 pp |
| 2011 | 2.3% | CHF459.00 Million | CHF19.66 Billion | CHF8.15 Billion | CHF7.70 Billion | ▼ -3.8 pp |
| 2010 | 6.1% | CHF1.30 Billion | CHF21.12 Billion | CHF8.51 Billion | CHF7.21 Billion | ▼ -0.7 pp |
| 2009 | 6.9% | CHF1.52 Billion | CHF22.04 Billion | CHF10.80 Billion | CHF9.28 Billion | ▲ +11.2 pp |
| 2008 | -4.3% | CHF-771.00 Million | CHF17.97 Billion | CHF9.99 Billion | CHF10.77 Billion | ▼ -10.4 pp |
| 2007 | 6.1% | CHF1.35 Billion | CHF21.95 Billion | CHF10.37 Billion | CHF9.03 Billion | ▲ +0.1 pp |
| 2006 | 6.0% | CHF1.13 Billion | CHF18.73 Billion | CHF9.75 Billion | CHF8.62 Billion | ▼ -8.5 pp |
| 2005 | 14.5% | CHF2.07 Billion | CHF14.25 Billion | CHF8.85 Billion | CHF6.78 Billion | ▼ -9.5 pp |
| 2004 | 24.0% | CHF2.05 Billion | CHF8.53 Billion | CHF7.40 Billion | CHF5.35 Billion | ▲ +12.2 pp |
| 2003 | 11.8% | CHF804.00 Million | CHF6.83 Billion | CHF6.03 Billion | CHF5.22 Billion | ▼ -7.9 pp |
| 2002 | 19.7% | CHF1.29 Billion | CHF6.57 Billion | CHF6.46 Billion | CHF5.17 Billion | — |