T-Bull S.A (TBL) — Working Capital to Net Assets Ratio
T-Bull S.A (TBL) has a Working Capital to Net Assets ratio of -56.6% as of September 2025. Working capital of zł-1.26 Million (current assets of zł1.02 Million minus current liabilities of zł2.28 Million) is measured against net assets of zł2.22 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See T-Bull S.A financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
T-Bull S.A Working Capital to Net Assets (2015–2024)
This chart shows how T-Bull S.A's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2015 to 2024. As of September 2025, the ratio stands at -56.6%, reflecting working capital of zł-1.26 Million against net assets of zł2.22 Million PLN. See defensive interval ratio of T-Bull S.A to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for T-Bull S.A (2015–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for T-Bull S.A from 2015 to 2024, covering 10 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 T-Bull S.A market capitalisation.
| Year | WC/NA Ratio | Working Capital (PLN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -6.2% | zł-192.73K | zł3.12 Million | zł1.87 Million | zł2.06 Million | ▼ -33.5 pp |
| 2023 | 27.3% | zł1.70 Million | zł6.21 Million | zł2.77 Million | zł1.07 Million | ▲ +11.4 pp |
| 2022 | 15.9% | zł1.71 Million | zł10.76 Million | zł2.58 Million | zł870.05K | ▼ -0.9 pp |
| 2021 | 16.7% | zł3.25 Million | zł19.43 Million | zł4.83 Million | zł1.58 Million | ▲ +3.3 pp |
| 2020 | 13.5% | zł2.33 Million | zł17.30 Million | zł3.58 Million | zł1.25 Million | ▲ +3.0 pp |
| 2019 | 10.4% | zł1.74 Million | zł16.65 Million | zł3.63 Million | zł1.90 Million | ▲ +10.8 pp |
| 2018 | -0.4% | zł-56.84K | zł14.63 Million | zł2.77 Million | zł2.82 Million | ▲ +0.4 pp |
| 2017 | -0.8% | zł-105.50K | zł12.96 Million | zł1.80 Million | zł1.90 Million | ▲ +8.4 pp |
| 2016 | -9.2% | zł-708.88K | zł7.68 Million | zł824.55K | zł1.53 Million | ▼ -28.2 pp |
| 2015 | 19.0% | zł540.01K | zł2.84 Million | zł873.48K | zł333.46K | — |