SOUTH32 Ltd Working Capital to Net Assets Ratio
SOUTH32 Ltd working capital to net assets ratio. SOUTH32 Ltd (S32) has a Working Capital to Net Assets ratio of 24.1% as of December 2025. Working capital of AU$2.23 Billion (current assets of AU$3.53 Billion minus current liabilities of AU$1.30 Billion) is measured against net assets of AU$9.26 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of SOUTH32 Ltd (2012–2025)
Working capital to net assets ratio of SOUTH32 Ltd from 2012 to 2025. This chart shows how SOUTH32 Ltd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 24.1%, reflecting working capital of AU$2.23 Billion against net assets of AU$9.26 Billion AUD. Explore S32 long-term investments to assets to see how much of total assets are deployed in long-term investments.
SOUTH32 Ltd Working Capital to Net Assets Ratio by Year (2012–2025)
SOUTH32 Ltd working capital to net assets ratio by year from 2012 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for SOUTH32 Ltd from 2012 to 2025, covering 14 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 the complete balance sheet picture, see SOUTH32 Ltd (S32) total assets.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 25.2% | AU$2.23 Billion | AU$8.86 Billion | AU$3.80 Billion | AU$1.57 Billion | ▼ -3.3 pp |
| 2024 | 28.5% | AU$2.56 Billion | AU$8.97 Billion | AU$4.40 Billion | AU$1.84 Billion | ▲ +10.6 pp |
| 2023 | 17.9% | AU$1.68 Billion | AU$9.38 Billion | AU$3.24 Billion | AU$1.56 Billion | ▼ -3.8 pp |
| 2022 | 21.7% | AU$2.34 Billion | AU$10.78 Billion | AU$4.24 Billion | AU$1.90 Billion | ▲ +5.4 pp |
| 2021 | 16.3% | AU$1.46 Billion | AU$8.95 Billion | AU$2.92 Billion | AU$1.46 Billion | ▲ +1.7 pp |
| 2020 | 14.6% | AU$1.39 Billion | AU$9.56 Billion | AU$2.66 Billion | AU$1.27 Billion | ▼ -2.3 pp |
| 2019 | 16.8% | AU$1.71 Billion | AU$10.17 Billion | AU$3.40 Billion | AU$1.69 Billion | ▼ -12.6 pp |
| 2018 | 29.5% | AU$3.16 Billion | AU$10.71 Billion | AU$4.82 Billion | AU$1.66 Billion | ▲ +4.2 pp |
| 2017 | 25.3% | AU$2.59 Billion | AU$10.23 Billion | AU$4.33 Billion | AU$1.74 Billion | ▲ +11.6 pp |
| 2016 | 13.7% | AU$1.29 Billion | AU$9.42 Billion | AU$2.67 Billion | AU$1.38 Billion | ▲ +3.2 pp |
| 2015 | 10.5% | AU$1.16 Billion | AU$11.04 Billion | AU$2.87 Billion | AU$1.70 Billion | ▼ -18.7 pp |
| 2014 | 29.2% | AU$2.87 Billion | AU$9.82 Billion | AU$5.00 Billion | AU$2.13 Billion | ▲ +4.8 pp |
| 2013 | 24.4% | AU$2.47 Billion | AU$10.12 Billion | AU$5.24 Billion | AU$2.76 Billion | ▼ -7.1 pp |
| 2012 | 31.5% | AU$4.35 Billion | AU$13.81 Billion | AU$7.54 Billion | AU$3.19 Billion | — |