San Miguel AG Working Capital to Net Assets Ratio
San Miguel AG working capital to net assets ratio. San Miguel AG (SAMI) has a Working Capital to Net Assets ratio of -105.6% as of December 2025. Working capital of AR$-113.42 Billion (current assets of AR$245.89 Billion minus current liabilities of AR$359.31 Billion) is measured against net assets of AR$107.40 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check SAMI intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of San Miguel AG (2015–2025)
Working capital to net assets ratio of San Miguel AG from 2015 to 2025. This chart shows how San Miguel AG's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at -105.6%, reflecting working capital of AR$-113.42 Billion against net assets of AR$107.40 Billion ARS. See SAMI defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
San Miguel AG Working Capital to Net Assets Ratio by Year (2015–2025)
San Miguel AG working capital to net assets ratio by year from 2015 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for San Miguel AG from 2015 to 2025, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see SAMI current and non-current assets.
| Year | WC/NA Ratio | Working Capital (ARS) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -105.6% | AR$-113.42 Billion | AR$107.40 Billion | AR$245.89 Billion | AR$359.31 Billion | ▼ -123.0 pp |
| 2024 | 17.4% | AR$12.06 Billion | AR$69.35 Billion | AR$177.12 Billion | AR$165.06 Billion | ▼ -148.8 pp |
| 2023 | 166.2% | AR$28.09 Billion | AR$16.91 Billion | AR$176.87 Billion | AR$148.78 Billion | ▲ +12.6 pp |
| 2022 | 153.5% | AR$17.34 Billion | AR$11.30 Billion | AR$41.97 Billion | AR$24.62 Billion | ▲ +136.4 pp |
| 2021 | 17.1% | AR$3.08 Billion | AR$18.04 Billion | AR$23.22 Billion | AR$20.14 Billion | ▲ +19.1 pp |
| 2020 | -2.0% | AR$-387.59 Million | AR$19.06 Billion | AR$16.76 Billion | AR$17.14 Billion | ▼ -14.7 pp |
| 2019 | 12.7% | AR$2.04 Billion | AR$16.11 Billion | AR$13.19 Billion | AR$11.14 Billion | ▲ +4.8 pp |
| 2018 | 7.9% | AR$836.48 Million | AR$10.62 Billion | AR$5.78 Billion | AR$4.94 Billion | ▲ +24.4 pp |
| 2017 | -16.5% | AR$-401.54 Million | AR$2.43 Billion | AR$4.27 Billion | AR$4.67 Billion | ▼ -69.6 pp |
| 2016 | 53.1% | AR$727.22 Million | AR$1.37 Billion | AR$1.84 Billion | AR$1.11 Billion | ▲ +36.1 pp |
| 2015 | 17.0% | AR$179.51 Million | AR$1.05 Billion | AR$1.66 Billion | AR$1.48 Billion | — |