Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) — Working Capital to Net Assets Ratio
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has a Working Capital to Net Assets ratio of -43.9% as of September 2025. Working capital of zł-1.21 Billion (current assets of zł1.62 Billion minus current liabilities of zł2.83 Billion) is measured against net assets of zł2.75 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Grupa Azoty Zaklady Azotowe Pulawy SA Working Capital to Net Assets (2004–2024)
This chart shows how Grupa Azoty Zaklady Azotowe Pulawy SA's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at -43.9%, reflecting working capital of zł-1.21 Billion against net assets of zł2.75 Billion PLN. Check ZAP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2024, covering 21 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 Grupa Azoty Zaklady Azotowe Pulawy SA market cap and net worth.
| Year | WC/NA Ratio | Working Capital (PLN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -33.5% | zł-998.52 Million | zł2.98 Billion | zł2.14 Billion | zł3.14 Billion | ▼ -20.2 pp |
| 2023 | -13.3% | zł-445.32 Million | zł3.34 Billion | zł2.64 Billion | zł3.09 Billion | ▼ -25.0 pp |
| 2022 | 11.7% | zł462.08 Million | zł3.96 Billion | zł3.40 Billion | zł2.94 Billion | ▲ +10.0 pp |
| 2021 | 1.7% | zł64.71 Million | zł3.80 Billion | zł3.11 Billion | zł3.05 Billion | ▼ -8.2 pp |
| 2020 | 9.9% | zł355.28 Million | zł3.58 Billion | zł1.72 Billion | zł1.36 Billion | ▼ -13.6 pp |
| 2019 | 23.6% | zł817.44 Million | zł3.47 Billion | zł1.87 Billion | zł1.05 Billion | ▲ +3.3 pp |
| 2018 | 20.3% | zł651.41 Million | zł3.21 Billion | zł1.62 Billion | zł965.25 Million | ▼ -8.3 pp |
| 2017 | 28.6% | zł913.43 Million | zł3.19 Billion | zł1.71 Billion | zł798.70 Million | ▼ -5.0 pp |
| 2016 | 33.6% | zł1.04 Billion | zł3.10 Billion | zł1.70 Billion | zł654.50 Million | ▼ -0.9 pp |
| 2015 | 34.5% | zł1.05 Billion | zł3.04 Billion | zł1.63 Billion | zł580.22 Million | ▲ +4.9 pp |
| 2014 | 29.6% | zł806.73 Million | zł2.73 Billion | zł1.40 Billion | zł591.60 Million | ▼ -1.5 pp |
| 2013 | 31.0% | zł830.31 Million | zł2.68 Billion | zł1.36 Billion | zł526.28 Million | ▼ -3.7 pp |
| 2012 | 34.7% | zł926.83 Million | zł2.67 Billion | zł1.43 Billion | zł503.94 Million | ▼ -1.7 pp |
| 2011 | 36.4% | zł895.05 Million | zł2.46 Billion | zł1.46 Billion | zł566.28 Million | ▲ +6.9 pp |
| 2010 | 29.5% | zł572.80 Million | zł1.94 Billion | zł1.01 Billion | zł441.36 Million | ▼ -2.7 pp |
| 2009 | 32.2% | zł529.42 Million | zł1.65 Billion | zł813.22 Million | zł283.80 Million | ▼ -20.5 pp |
| 2008 | 52.7% | zł930.58 Million | zł1.77 Billion | zł1.26 Billion | zł327.63 Million | ▼ -3.0 pp |
| 2007 | 55.7% | zł911.24 Million | zł1.64 Billion | zł1.25 Billion | zł343.35 Million | ▲ +1.0 pp |
| 2006 | 54.7% | zł842.08 Million | zł1.54 Billion | zł1.18 Billion | zł340.37 Million | ▼ -2.2 pp |
| 2005 | 56.9% | zł713.86 Million | zł1.26 Billion | zł1.01 Billion | zł292.57 Million | ▼ -1.2 pp |
| 2004 | 58.1% | zł681.98 Million | zł1.17 Billion | zł953.53 Million | zł271.55 Million | — |