Volkswagen AG VZO O.N. (VOW3) — Working Capital to Net Assets Ratio

Latest as of September 2025: 11.8%

Volkswagen AG VZO O.N. (VOW3) has a Working Capital to Net Assets ratio of 11.8% as of September 2025. Working capital of €21.67 Billion (current assets of €248.14 Billion minus current liabilities of €226.47 Billion) is measured against net assets of €183.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Volkswagen AG VZO O.N.'s balance sheet to measure how much of total assets are equity-financed.

WC/NA Ratio

11.8%
Working Capital / Net Assets

Working Capital

€21.67 Billion
EUR

Current Assets

€248.14 Billion
EUR

Current Liabilities

€226.47 Billion
EUR

Volkswagen AG VZO O.N. Working Capital to Net Assets (2000–2024)

This chart shows how Volkswagen AG VZO O.N.'s Working Capital to Net Assets ratio has evolved across 25 annual periods from 2000 to 2024. As of September 2025, the ratio stands at 11.8%, reflecting working capital of €21.67 Billion against net assets of €183.50 Billion EUR. Check how tangible is Volkswagen AG VZO O.N.'s equity to evaluate the tangible quality of the company's equity base.

Annual Working Capital to Net Assets for Volkswagen AG VZO O.N. (2000–2024)

The table below presents the year-by-year Working Capital to Net Assets ratio for Volkswagen AG VZO O.N. from 2000 to 2024, covering 25 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 Volkswagen AG VZO O.N. market capitalisation.

Year WC/NA Ratio Working Capital (EUR) Net Assets Current Assets Current Liabilities Change (pp)
2024 14.3% €28.19 Billion €196.73 Billion €245.23 Billion €217.04 Billion ▼ -3.5 pp
2023 17.8% €33.77 Billion €189.91 Billion €239.64 Billion €205.87 Billion ▼ -5.5 pp
2022 23.2% €41.44 Billion €178.33 Billion €224.16 Billion €182.72 Billion ▼ -1.4 pp
2021 24.6% €35.95 Billion €146.15 Billion €200.35 Billion €164.39 Billion ▲ +1.7 pp
2020 22.9% €29.53 Billion €128.78 Billion €194.94 Billion €165.41 Billion ▲ +7.1 pp
2019 15.8% €19.54 Billion €123.65 Billion €187.46 Billion €167.92 Billion ▲ +2.5 pp
2018 13.3% €15.57 Billion €117.34 Billion €183.54 Billion €167.97 Billion ▲ +13.5 pp
2017 -0.3% €-277.00 Million €109.08 Billion €160.11 Billion €160.39 Billion ▲ +23.2 pp
2016 -23.5% €-21.79 Billion €92.91 Billion €155.72 Billion €177.51 Billion ▼ -19.9 pp
2015 -3.5% €-3.10 Billion €88.27 Billion €145.39 Billion €148.49 Billion ▼ -4.0 pp
2014 0.4% €396.00 Million €90.19 Billion €131.10 Billion €130.71 Billion ▼ -3.5 pp
2013 4.0% €3.57 Billion €90.04 Billion €122.19 Billion €118.62 Billion ▼ -5.2 pp
2012 9.2% €7.54 Billion €82.00 Billion €113.06 Billion €105.53 Billion ▲ +2.2 pp
2011 7.0% €4.43 Billion €63.53 Billion €105.64 Billion €101.20 Billion ▼ -11.6 pp
2010 18.5% €9.04 Billion €48.71 Billion €85.94 Billion €76.90 Billion ▼ -3.5 pp
2009 22.0% €8.24 Billion €37.43 Billion €77.78 Billion €69.53 Billion ▼ -8.4 pp
2008 30.4% €11.36 Billion €37.39 Billion €76.16 Billion €64.80 Billion ▼ -8.6 pp
2007 39.0% €12.45 Billion €31.94 Billion €68.52 Billion €56.07 Billion ▲ +10.3 pp
2006 28.7% €7.74 Billion €26.96 Billion €61.23 Billion €53.48 Billion ▲ +9.5 pp
2005 19.2% €4.54 Billion €23.65 Billion €57.85 Billion €53.31 Billion ▼ -10.3 pp
2004 29.5% €6.70 Billion €22.68 Billion €55.39 Billion €48.69 Billion ▲ +17.9 pp
2003 11.6% €2.77 Billion €23.86 Billion €50.78 Billion €48.01 Billion ▼ -88.8 pp
2002 100.4% €24.79 Billion €24.69 Billion €64.26 Billion €39.48 Billion ▲ +18.3 pp
2001 82.1% €19.75 Billion €24.05 Billion €63.01 Billion €43.26 Billion ▲ +0.5 pp
2000 81.6% €17.47 Billion €21.42 Billion €56.81 Billion €39.34 Billion —
pp = percentage points