Santos Ltd Working Capital to Net Assets Ratio
Santos Ltd working capital to net assets ratio. Santos Ltd (STO) has a Working Capital to Net Assets ratio of 6.5% as of December 2025. Working capital of AU$1.02 Billion (current assets of AU$2.96 Billion minus current liabilities of AU$1.94 Billion) is measured against net assets of AU$15.68 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 Santos Ltd (1987–2025)
Working capital to net assets ratio of Santos Ltd from 1987 to 2025. This chart shows how Santos Ltd's Working Capital to Net Assets ratio has evolved across 36 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 6.5%, reflecting working capital of AU$1.02 Billion against net assets of AU$15.68 Billion AUD. Explore Santos Ltd (STO) long-term investment share to see how much of total assets are deployed in long-term investments.
Santos Ltd Working Capital to Net Assets Ratio by Year (1987–2025)
Santos Ltd working capital to net assets ratio by year from 1987 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Santos Ltd from 1987 to 2025, covering 36 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 Santos Ltd assets under control.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 6.5% | AU$1.02 Billion | AU$15.68 Billion | AU$2.96 Billion | AU$1.94 Billion | ▲ +1.5 pp |
| 2024 | 5.0% | AU$773.00 Million | AU$15.54 Billion | AU$3.19 Billion | AU$2.41 Billion | ▼ -4.2 pp |
| 2023 | 9.2% | AU$1.40 Billion | AU$15.28 Billion | AU$4.35 Billion | AU$2.95 Billion | ▼ -2.0 pp |
| 2022 | 11.2% | AU$1.66 Billion | AU$14.84 Billion | AU$5.13 Billion | AU$3.47 Billion | ▼ -1.6 pp |
| 2021 | 12.8% | AU$1.73 Billion | AU$13.57 Billion | AU$4.74 Billion | AU$3.00 Billion | ▼ -3.3 pp |
| 2020 | 16.1% | AU$1.16 Billion | AU$7.23 Billion | AU$2.70 Billion | AU$1.53 Billion | ▲ +4.8 pp |
| 2019 | 11.2% | AU$861.00 Million | AU$7.68 Billion | AU$2.18 Billion | AU$1.32 Billion | ▲ +6.4 pp |
| 2018 | 4.8% | AU$350.00 Million | AU$7.28 Billion | AU$2.20 Billion | AU$1.85 Billion | ▼ -9.5 pp |
| 2017 | 14.3% | AU$1.02 Billion | AU$7.15 Billion | AU$1.97 Billion | AU$951.00 Million | ▼ -5.4 pp |
| 2016 | 19.7% | AU$1.39 Billion | AU$7.08 Billion | AU$2.95 Billion | AU$1.56 Billion | ▲ +3.5 pp |
| 2015 | 16.2% | AU$1.20 Billion | AU$7.43 Billion | AU$2.13 Billion | AU$926.87 Million | ▲ +14.9 pp |
| 2014 | 1.3% | AU$97.36 Million | AU$7.70 Billion | AU$1.69 Billion | AU$1.59 Billion | ▼ -2.2 pp |
| 2013 | 3.4% | AU$313.94 Million | AU$9.11 Billion | AU$1.85 Billion | AU$1.54 Billion | ▼ -17.3 pp |
| 2012 | 20.8% | AU$2.02 Billion | AU$9.73 Billion | AU$3.38 Billion | AU$1.36 Billion | ▼ -15.2 pp |
| 2011 | 36.0% | AU$3.30 Billion | AU$9.16 Billion | AU$4.86 Billion | AU$1.56 Billion | ▼ -12.1 pp |
| 2010 | 48.1% | AU$3.71 Billion | AU$7.72 Billion | AU$5.35 Billion | AU$1.64 Billion | ▲ +13.1 pp |
| 2009 | 35.0% | AU$2.19 Billion | AU$6.26 Billion | AU$3.16 Billion | AU$970.17 Million | ▲ +9.8 pp |
| 2008 | 25.3% | AU$790.71 Million | AU$3.13 Billion | AU$1.74 Billion | AU$945.81 Million | ▲ +19.1 pp |
| 2007 | 6.1% | AU$177.21 Million | AU$2.90 Billion | AU$993.91 Million | AU$816.70 Million | ▲ +3.8 pp |
| 2006 | 2.3% | AU$62.00 Million | AU$2.65 Billion | AU$836.55 Million | AU$774.55 Million | ▼ -5.9 pp |
| 2005 | 8.3% | AU$179.40 Million | AU$2.17 Billion | AU$667.86 Million | AU$488.47 Million | ▲ +3.4 pp |
| 2004 | 4.9% | AU$132.56 Million | AU$2.73 Billion | AU$527.37 Million | AU$394.81 Million | ▲ +5.9 pp |
| 2003 | -1.0% | AU$-23.55 Million | AU$2.32 Billion | AU$308.17 Million | AU$331.72 Million | ▲ +1.3 pp |
| 2002 | -2.3% | AU$-37.41 Million | AU$1.61 Billion | AU$294.84 Million | AU$332.25 Million | ▲ +4.8 pp |
| 2001 | -7.2% | AU$-99.69 Million | AU$1.39 Billion | AU$266.66 Million | AU$366.35 Million | ▲ +2.7 pp |
| 2000 | -9.8% | AU$-126.49 Million | AU$1.29 Billion | AU$299.00 Million | AU$425.49 Million | ▼ -11.9 pp |
| 1998 | 2.0% | AU$24.09 Million | AU$1.18 Billion | AU$190.44 Million | AU$166.35 Million | ▲ +3.5 pp |
| 1997 | -1.4% | AU$-18.08 Million | AU$1.25 Billion | AU$197.88 Million | AU$215.97 Million | ▼ -5.9 pp |
| 1995 | 4.4% | AU$49.87 Million | AU$1.13 Billion | AU$200.02 Million | AU$150.14 Million | ▼ 0.0 pp |
| 1994 | 4.4% | AU$52.75 Million | AU$1.19 Billion | AU$218.21 Million | AU$165.46 Million | ▲ +11.6 pp |
| 1993 | -7.1% | AU$-66.85 Million | AU$935.07 Million | AU$178.26 Million | AU$245.11 Million | ▼ -11.1 pp |
| 1992 | 4.0% | AU$33.65 Million | AU$847.65 Million | AU$206.94 Million | AU$173.29 Million | ▼ -0.1 pp |
| 1991 | 4.0% | AU$37.33 Million | AU$923.83 Million | AU$279.86 Million | AU$242.53 Million | ▲ +6.6 pp |
| 1990 | -2.6% | AU$-27.55 Million | AU$1.07 Billion | AU$194.19 Million | AU$221.74 Million | ▼ -8.1 pp |
| 1989 | 5.5% | AU$49.08 Million | AU$886.68 Million | AU$221.16 Million | AU$172.08 Million | ▼ -8.5 pp |
| 1987 | 14.0% | AU$120.50 Million | AU$860.30 Million | AU$330.70 Million | AU$210.20 Million | — |