ST Barbara Ltd (SBM) — Working Capital to Net Assets Ratio
ST Barbara Ltd (SBM) has a Working Capital to Net Assets ratio of 44.5% as of December 2025. Working capital of AU$193.30 Million (current assets of AU$283.77 Million minus current liabilities of AU$90.47 Million) is measured against net assets of AU$434.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SBM FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ST Barbara Ltd Working Capital to Net Assets (1989–2025)
This chart shows how ST Barbara Ltd's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 44.5%, reflecting working capital of AU$193.30 Million against net assets of AU$434.60 Million AUD. See ST Barbara Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for ST Barbara Ltd (1989–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ST Barbara Ltd from 1989 to 2025, covering 38 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 ST Barbara Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 62.9% | AU$235.31 Million | AU$374.05 Million | AU$368.13 Million | AU$132.82 Million | ▲ +7.2 pp |
| 2024 | 55.7% | AU$194.43 Million | AU$349.29 Million | AU$280.96 Million | AU$86.53 Million | ▼ -21.5 pp |
| 2023 | 77.2% | AU$303.70 Million | AU$393.45 Million | AU$682.76 Million | AU$379.06 Million | ▲ +65.0 pp |
| 2022 | 12.1% | AU$134.65 Million | AU$1.11 Billion | AU$251.55 Million | AU$116.91 Million | ▲ +7.2 pp |
| 2021 | 4.9% | AU$54.78 Million | AU$1.11 Billion | AU$263.29 Million | AU$208.50 Million | ▼ -24.3 pp |
| 2020 | 29.2% | AU$394.07 Million | AU$1.35 Billion | AU$510.17 Million | AU$116.10 Million | ▼ -40.4 pp |
| 2019 | 69.6% | AU$874.98 Million | AU$1.26 Billion | AU$971.47 Million | AU$96.49 Million | ▲ +21.2 pp |
| 2018 | 48.4% | AU$322.42 Million | AU$665.87 Million | AU$420.78 Million | AU$98.36 Million | ▲ +15.5 pp |
| 2017 | 32.9% | AU$151.81 Million | AU$461.13 Million | AU$231.13 Million | AU$79.32 Million | ▼ -18.2 pp |
| 2016 | 51.1% | AU$153.60 Million | AU$300.61 Million | AU$207.59 Million | AU$53.98 Million | ▲ +22.9 pp |
| 2015 | 28.2% | AU$39.63 Million | AU$140.43 Million | AU$151.96 Million | AU$112.34 Million | ▼ -12.9 pp |
| 2014 | 41.1% | AU$54.24 Million | AU$131.81 Million | AU$152.55 Million | AU$98.31 Million | ▲ +25.1 pp |
| 2013 | 16.1% | AU$100.10 Million | AU$623.23 Million | AU$248.11 Million | AU$148.01 Million | ▼ -14.6 pp |
| 2012 | 30.6% | AU$172.69 Million | AU$563.83 Million | AU$244.93 Million | AU$72.24 Million | ▲ +14.9 pp |
| 2011 | 15.7% | AU$68.66 Million | AU$436.35 Million | AU$136.50 Million | AU$67.84 Million | ▼ -10.8 pp |
| 2010 | 26.6% | AU$92.88 Million | AU$349.47 Million | AU$144.81 Million | AU$51.92 Million | ▲ +19.2 pp |
| 2009 | 7.4% | AU$22.02 Million | AU$296.47 Million | AU$149.75 Million | AU$127.73 Million | ▼ -9.6 pp |
| 2008 | 17.0% | AU$40.28 Million | AU$236.66 Million | AU$104.97 Million | AU$64.69 Million | ▼ -77.1 pp |
| 2007 | 94.1% | AU$89.44 Million | AU$95.00 Million | AU$137.41 Million | AU$47.97 Million | ▲ +28.9 pp |
| 2006 | 65.2% | AU$64.65 Million | AU$99.09 Million | AU$104.32 Million | AU$39.66 Million | ▼ -46.4 pp |
| 2005 | 111.6% | AU$30.54 Million | AU$27.36 Million | AU$48.42 Million | AU$17.89 Million | ▲ +114.4 pp |
| 2004 | -2.8% | AU$-1.26 Million | AU$44.85 Million | AU$16.01 Million | AU$17.27 Million | ▲ +16.8 pp |
| 2003 | -19.6% | AU$-7.45 Million | AU$37.97 Million | AU$19.16 Million | AU$26.61 Million | ▼ -13.5 pp |
| 2002 | -6.1% | AU$-3.65 Million | AU$60.11 Million | AU$26.22 Million | AU$29.87 Million | ▼ -29.5 pp |
| 2001 | 23.4% | AU$13.51 Million | AU$57.70 Million | AU$39.98 Million | AU$26.47 Million | ▲ +20.1 pp |
| 2000 | 3.3% | AU$1.53 Million | AU$46.35 Million | AU$17.80 Million | AU$16.26 Million | ▲ +39.3 pp |
| 1999 | -36.0% | AU$-6.34 Million | AU$17.62 Million | AU$1.71 Million | AU$8.05 Million | ▼ -5.5 pp |
| 1999 | -30.5% | AU$-13.01 Million | AU$42.71 Million | AU$8.01 Million | AU$21.02 Million | ▲ +47.6 pp |
| 1998 | -78.0% | AU$-28.08 Million | AU$35.99 Million | AU$12.77 Million | AU$40.86 Million | ▼ -83.3 pp |
| 1997 | 5.2% | AU$5.52 Million | AU$105.13 Million | AU$28.40 Million | AU$22.88 Million | ▲ +4.5 pp |
| 1996 | 0.7% | AU$739.67K | AU$101.96 Million | AU$23.64 Million | AU$22.90 Million | ▲ +11.8 pp |
| 1995 | -11.1% | AU$-10.53 Million | AU$94.81 Million | AU$19.12 Million | AU$29.64 Million | ▼ -10.5 pp |
| 1994 | -0.6% | AU$-527.00K | AU$89.68 Million | AU$19.44 Million | AU$19.96 Million | ▼ -2.8 pp |
| 1993 | 2.2% | AU$1.26 Million | AU$57.23 Million | AU$19.20 Million | AU$17.94 Million | ▲ +7.9 pp |
| 1992 | -5.7% | AU$-2.41 Million | AU$42.53 Million | AU$17.12 Million | AU$19.53 Million | ▲ +5.1 pp |
| 1991 | -10.8% | AU$-3.19 Million | AU$29.66 Million | AU$16.29 Million | AU$19.48 Million | ▼ -100.0 pp |
| 1990 | 89.2% | AU$20.69 Million | AU$23.20 Million | AU$21.84 Million | AU$1.15 Million | ▲ +60.1 pp |
| 1989 | 29.1% | AU$8.62 Million | AU$29.58 Million | AU$15.98 Million | AU$7.37 Million | — |