Nova Ltd (NVMI) — Working Capital to Net Assets Ratio
Nova Ltd (NVMI) has a Working Capital to Net Assets ratio of 90.0% as of December 2025. Working capital of ILA1.19 Billion (current assets of ILA1.41 Billion minus current liabilities of ILA224.53 Million) is measured against net assets of ILA1.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NVMI financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nova Ltd Working Capital to Net Assets (1999–2025)
This chart shows how Nova Ltd's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1999 to 2025. As of December 2025, the ratio stands at 90.0%, reflecting working capital of ILA1.19 Billion against net assets of ILA1.32 Billion ILA. See NVMI days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Nova Ltd (1999–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nova Ltd 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 Nova Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (ILA) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 90.0% | ILA1.19 Billion | ILA1.32 Billion | ILA1.41 Billion | ILA224.53 Million | ▲ +34.6 pp |
| 2024 | 55.4% | ILA513.72 Million | ILA927.79 Million | ILA901.95 Million | ILA388.23 Million | ▲ +3.8 pp |
| 2023 | 51.6% | ILA387.41 Million | ILA750.75 Million | ILA710.22 Million | ILA322.81 Million | ▼ -30.0 pp |
| 2022 | 81.6% | ILA478.88 Million | ILA586.96 Million | ILA612.95 Million | ILA134.07 Million | ▲ +22.8 pp |
| 2021 | 58.8% | ILA278.59 Million | ILA473.75 Million | ILA566.52 Million | ILA287.93 Million | ▼ -75.2 pp |
| 2020 | 134.0% | ILA497.77 Million | ILA371.54 Million | ILA558.70 Million | ILA60.93 Million | ▲ +51.9 pp |
| 2019 | 82.1% | ILA258.09 Million | ILA314.54 Million | ILA306.18 Million | ILA48.09 Million | ▼ -1.3 pp |
| 2018 | 83.4% | ILA234.03 Million | ILA280.74 Million | ILA282.11 Million | ILA48.08 Million | ▲ +3.9 pp |
| 2017 | 79.5% | ILA180.14 Million | ILA226.74 Million | ILA232.27 Million | ILA52.13 Million | ▲ +5.7 pp |
| 2016 | 73.8% | ILA128.87 Million | ILA174.72 Million | ILA167.91 Million | ILA39.03 Million | ▲ +3.6 pp |
| 2015 | 70.2% | ILA113.03 Million | ILA161.06 Million | ILA150.19 Million | ILA37.16 Million | ▼ -20.7 pp |
| 2014 | 90.9% | ILA130.48 Million | ILA143.58 Million | ILA157.68 Million | ILA27.20 Million | ▼ -1.3 pp |
| 2013 | 92.2% | ILA118.60 Million | ILA128.66 Million | ILA149.06 Million | ILA30.47 Million | ▼ -0.7 pp |
| 2012 | 92.8% | ILA106.55 Million | ILA114.77 Million | ILA130.59 Million | ILA24.04 Million | ▼ -1.9 pp |
| 2011 | 94.8% | ILA94.67 Million | ILA99.91 Million | ILA113.23 Million | ILA18.56 Million | ▼ -0.9 pp |
| 2010 | 95.7% | ILA65.44 Million | ILA68.38 Million | ILA86.70 Million | ILA21.26 Million | ▲ +2.6 pp |
| 2009 | 93.1% | ILA25.07 Million | ILA26.91 Million | ILA35.69 Million | ILA10.62 Million | ▲ +2.5 pp |
| 2008 | 90.6% | ILA20.25 Million | ILA22.34 Million | ILA30.15 Million | ILA9.91 Million | ▲ +15.7 pp |
| 2007 | 74.9% | ILA20.66 Million | ILA27.58 Million | ILA36.95 Million | ILA16.29 Million | ▲ +10.3 pp |
| 2006 | 64.6% | ILA15.87 Million | ILA24.57 Million | ILA31.44 Million | ILA15.57 Million | ▲ +1.3 pp |
| 2005 | 63.3% | ILA14.83 Million | ILA23.44 Million | ILA29.46 Million | ILA14.62 Million | ▼ -9.6 pp |
| 2004 | 72.9% | ILA25.13 Million | ILA34.47 Million | ILA36.54 Million | ILA11.40 Million | ▼ -20.9 pp |
| 2003 | 93.9% | ILA30.35 Million | ILA32.34 Million | ILA42.84 Million | ILA12.49 Million | ▼ -3.1 pp |
| 2002 | 96.9% | ILA34.57 Million | ILA35.68 Million | ILA45.53 Million | ILA10.96 Million | ▲ +0.1 pp |
| 2001 | 96.9% | ILA45.53 Million | ILA47.01 Million | ILA56.04 Million | ILA10.51 Million | ▼ -1.0 pp |
| 2000 | 97.8% | ILA61.27 Million | ILA62.62 Million | ILA78.82 Million | ILA17.55 Million | ▲ +11.2 pp |
| 1999 | 86.6% | ILA7.17 Million | ILA8.28 Million | ILA18.64 Million | ILA11.47 Million | — |