Photon Energy N.V. (PEN) — Working Capital to Net Assets Ratio
Photon Energy N.V. (PEN) has a Working Capital to Net Assets ratio of -3.4% as of December 2025. Working capital of zł-1.77 Million (current assets of zł47.12 Million minus current liabilities of zł48.89 Million) is measured against net assets of zł52.37 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See PEN equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Photon Energy N.V. Working Capital to Net Assets (2011–2025)
This chart shows how Photon Energy N.V.'s Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at -3.4%, reflecting working capital of zł-1.77 Million against net assets of zł52.37 Million PLN. Check Photon Energy N.V. (PEN) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Photon Energy N.V. (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Photon Energy N.V. from 2011 to 2025, covering 15 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 Photon Energy N.V. stock valuation.
| Year | WC/NA Ratio | Working Capital (PLN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -3.4% | zł-1.77 Million | zł52.37 Million | zł47.12 Million | zł48.89 Million | ▼ -21.4 pp |
| 2024 | 18.0% | zł10.84 Million | zł60.06 Million | zł55.95 Million | zł45.11 Million | ▼ -14.8 pp |
| 2023 | 32.9% | zł22.85 Million | zł69.50 Million | zł52.42 Million | zł29.57 Million | ▼ -11.1 pp |
| 2022 | 44.0% | zł31.01 Million | zł70.47 Million | zł64.55 Million | zł33.54 Million | ▲ +4.8 pp |
| 2021 | 39.2% | zł20.20 Million | zł51.54 Million | zł54.16 Million | zł33.96 Million | ▲ +17.6 pp |
| 2020 | 21.6% | zł8.65 Million | zł40.08 Million | zł23.85 Million | zł15.21 Million | ▼ -29.8 pp |
| 2019 | 51.4% | zł19.44 Million | zł37.84 Million | zł31.79 Million | zł12.35 Million | ▼ -0.3 pp |
| 2018 | 51.7% | zł15.40 Million | zł29.78 Million | zł23.86 Million | zł8.46 Million | ▲ +40.7 pp |
| 2017 | 11.0% | zł2.85 Million | zł25.98 Million | zł15.34 Million | zł12.48 Million | ▼ -4.1 pp |
| 2016 | 15.1% | zł3.65 Million | zł24.18 Million | zł11.56 Million | zł7.91 Million | ▲ +7.4 pp |
| 2015 | 7.7% | zł2.19 Million | zł28.54 Million | zł10.93 Million | zł8.74 Million | ▲ +5.4 pp |
| 2014 | 2.3% | zł647.00K | zł28.18 Million | zł9.90 Million | zł9.25 Million | ▲ +15.8 pp |
| 2013 | -13.5% | zł-3.61 Million | zł26.72 Million | zł9.82 Million | zł13.43 Million | ▲ +23.7 pp |
| 2012 | -37.2% | zł-5.38 Million | zł14.48 Million | zł19.18 Million | zł24.56 Million | ▼ -15.2 pp |
| 2011 | -22.0% | zł-3.84 Million | zł17.49 Million | zł15.02 Million | zł18.86 Million | — |