Sapiens International Corporation NV (SPNS) — Working Capital to Net Assets Ratio
Sapiens International Corporation NV (SPNS) has a Working Capital to Net Assets ratio of 16.3% as of September 2025. Working capital of ILA85.74 Million (current assets of ILA251.75 Million minus current liabilities of ILA166.02 Million) is measured against net assets of ILA527.19 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SPNS equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sapiens International Corporation NV Working Capital to Net Assets (1996–2024)
This chart shows how Sapiens International Corporation NV's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1996 to 2024. As of September 2025, the ratio stands at 16.3%, reflecting working capital of ILA85.74 Million against net assets of ILA527.19 Million ILA. Check SPNS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Sapiens International Corporation NV (1996–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sapiens International Corporation NV from 1996 to 2024, covering 29 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 Sapiens International Corporation NV market capitalisation.
| Year | WC/NA Ratio | Working Capital (ILA) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 38.7% | ILA185.56 Million | ILA479.63 Million | ILA335.14 Million | ILA149.58 Million | ▲ +1.8 pp |
| 2023 | 36.8% | ILA165.78 Million | ILA449.95 Million | ILA314.90 Million | ILA149.12 Million | ▲ +2.3 pp |
| 2022 | 34.6% | ILA139.35 Million | ILA402.85 Million | ILA285.31 Million | ILA145.96 Million | ▼ -1.8 pp |
| 2021 | 36.4% | ILA148.65 Million | ILA408.72 Million | ILA300.35 Million | ILA151.69 Million | ▲ +4.4 pp |
| 2020 | 31.9% | ILA122.58 Million | ILA383.69 Million | ILA267.36 Million | ILA144.78 Million | ▲ +13.2 pp |
| 2019 | 18.8% | ILA42.31 Million | ILA225.50 Million | ILA147.22 Million | ILA104.91 Million | ▼ -5.0 pp |
| 2018 | 23.8% | ILA48.21 Million | ILA202.48 Million | ILA130.01 Million | ILA81.81 Million | ▼ -6.6 pp |
| 2017 | 30.4% | ILA61.14 Million | ILA200.87 Million | ILA130.97 Million | ILA69.83 Million | ▼ -6.8 pp |
| 2016 | 37.3% | ILA72.45 Million | ILA194.39 Million | ILA120.20 Million | ILA47.75 Million | ▲ +9.0 pp |
| 2015 | 28.2% | ILA51.34 Million | ILA181.81 Million | ILA98.34 Million | ILA47.00 Million | ▲ +2.8 pp |
| 2014 | 25.4% | ILA44.84 Million | ILA176.20 Million | ILA82.22 Million | ILA37.38 Million | ▼ -11.4 pp |
| 2013 | 36.9% | ILA62.84 Million | ILA170.41 Million | ILA100.53 Million | ILA37.69 Million | ▲ +21.1 pp |
| 2012 | 15.8% | ILA18.72 Million | ILA118.44 Million | ILA50.42 Million | ILA31.70 Million | ▲ +8.8 pp |
| 2011 | 7.0% | ILA8.08 Million | ILA114.72 Million | ILA39.88 Million | ILA31.80 Million | ▼ -7.2 pp |
| 2010 | 14.3% | ILA4.87 Million | ILA34.12 Million | ILA24.72 Million | ILA19.86 Million | ▲ +12.2 pp |
| 2009 | 2.0% | ILA538.00K | ILA26.41 Million | ILA18.93 Million | ILA18.39 Million | ▲ +22.6 pp |
| 2008 | -20.6% | ILA-4.51 Million | ILA21.88 Million | ILA17.36 Million | ILA21.87 Million | ▼ -18.0 pp |
| 2007 | -2.6% | ILA-567.00K | ILA21.85 Million | ILA22.55 Million | ILA23.12 Million | ▲ +318.5 pp |
| 2006 | -321.1% | ILA-12.62 Million | ILA3.93 Million | ILA15.84 Million | ILA28.45 Million | ▼ -28.3 pp |
| 2005 | -292.8% | ILA-10.63 Million | ILA3.63 Million | ILA22.00 Million | ILA32.63 Million | ▼ -315.7 pp |
| 2004 | 22.9% | ILA2.77 Million | ILA12.08 Million | ILA36.14 Million | ILA33.37 Million | ▼ -127.7 pp |
| 2003 | 150.7% | ILA21.09 Million | ILA14.00 Million | ILA47.59 Million | ILA26.51 Million | ▲ +90.5 pp |
| 2002 | 60.2% | ILA9.62 Million | ILA15.98 Million | ILA39.90 Million | ILA30.29 Million | ▲ +44.9 pp |
| 2001 | 15.2% | ILA1.64 Million | ILA10.74 Million | ILA43.28 Million | ILA41.65 Million | ▼ -26.5 pp |
| 2000 | 41.8% | ILA7.89 Million | ILA18.90 Million | ILA59.29 Million | ILA51.40 Million | ▼ -17.2 pp |
| 1999 | 59.0% | ILA30.32 Million | ILA51.41 Million | ILA55.85 Million | ILA25.53 Million | ▼ -4.5 pp |
| 1998 | 63.4% | ILA21.00 Million | ILA33.10 Million | ILA53.60 Million | ILA32.60 Million | ▼ -39.5 pp |
| 1997 | 103.0% | ILA20.70 Million | ILA20.10 Million | ILA40.40 Million | ILA19.70 Million | ▼ -30.3 pp |
| 1996 | 133.3% | ILA9.60 Million | ILA7.20 Million | ILA33.70 Million | ILA24.10 Million | — |