Understanding. Commitment. Impact.
What we do
For more than 20 years, we have helped businesses and their stakeholders navigate critical moments, from growth and transformation through to financial stress and uncertainty. We work with all industry sectors and business sizes to make an impact. From the world’s largest multinationals, independent local businesses, government and public sector organisations to not-for-profits and charities.
Working Capital Report 2026 —
Australian companies experienced a 1.9 day deterioration in working capital performance in 2026, tying up an additional $5.5 billion in day-to-day operations and reducing the cash available for investment, debt reduction and growth.
McGrathNicol’s 14th Working Capital Report analyses 239 ASX-listed companies across 13 sectors with a combined market capitalisation of $2.05 trillion. Against a backdrop of inflationary pressures, elevated interest rates and geopolitical and trade uncertainty, the deterioration was driven principally by businesses taking longer to collect from customers.
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