Starhedge SA (SHG) — Working Capital to Net Assets Ratio
Starhedge SA (SHG) has a Working Capital to Net Assets ratio of 45.8% as of September 2025. Working capital of zł21.26 Million (current assets of zł26.96 Million minus current liabilities of zł5.70 Million) is measured against net assets of zł46.44 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Starhedge SA balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Starhedge SA Working Capital to Net Assets (2008–2024)
This chart shows how Starhedge SA's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 45.8%, reflecting working capital of zł21.26 Million against net assets of zł46.44 Million PLN. Check SHG goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Starhedge SA (2008–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Starhedge SA 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. For live market cap and the full company profile, see Starhedge SA (SHG) market capitalisation.
| Year | WC/NA Ratio | Working Capital (PLN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 2.3% | zł1.41 Million | zł60.87 Million | zł3.30 Million | zł1.90 Million | ▼ -39.9 pp |
| 2023 | 42.3% | zł28.07 Million | zł66.42 Million | zł54.62 Million | zł26.55 Million | ▼ -15.5 pp |
| 2022 | 57.7% | zł36.22 Million | zł62.74 Million | zł54.73 Million | zł18.51 Million | ▲ +4.3 pp |
| 2021 | 53.4% | zł28.35 Million | zł53.08 Million | zł47.89 Million | zł19.54 Million | ▲ +5.9 pp |
| 2020 | 47.5% | zł24.58 Million | zł51.76 Million | zł43.17 Million | zł18.59 Million | ▼ -8.7 pp |
| 2019 | 56.2% | zł27.68 Million | zł49.30 Million | zł39.90 Million | zł12.22 Million | ▼ -27.2 pp |
| 2018 | 83.3% | zł33.36 Million | zł40.03 Million | zł38.86 Million | zł5.50 Million | ▼ -18.6 pp |
| 2017 | 101.9% | zł36.58 Million | zł35.89 Million | zł43.00 Million | zł6.42 Million | ▲ +1.9 pp |
| 2016 | 100.0% | zł21.09 Million | zł21.09 Million | zł30.28 Million | zł9.20 Million | ▲ +1.5 pp |
| 2015 | 98.5% | zł9.80 Million | zł9.95 Million | zł11.79 Million | zł1.99 Million | ▲ +1.3 pp |
| 2014 | 97.2% | zł8.54 Million | zł8.79 Million | zł8.76 Million | zł218.96K | ▼ -5.9 pp |
| 2013 | 103.1% | zł80.94 Million | zł78.49 Million | zł81.04 Million | zł101.08K | ▲ +3.2 pp |
| 2012 | 100.0% | zł33.44 Million | zł33.45 Million | zł33.60 Million | zł156.11K | ▲ +13.9 pp |
| 2011 | 86.1% | zł25.74 Million | zł29.90 Million | zł39.23 Million | zł13.48 Million | ▲ +49.8 pp |
| 2010 | 36.3% | zł23.18 Million | zł63.83 Million | zł34.45 Million | zł11.27 Million | ▲ +1.9 pp |
| 2009 | 34.4% | zł22.36 Million | zł64.95 Million | zł31.89 Million | zł9.53 Million | ▼ -4.3 pp |
| 2008 | 38.8% | zł27.82 Million | zł71.75 Million | zł39.47 Million | zł11.65 Million | — |