SAPPI LTD ADR/1 RC 1 (SPIA) — Working Capital to Net Assets Ratio
SAPPI LTD ADR/1 RC 1 (SPIA) has a Working Capital to Net Assets ratio of 10.6% as of December 2025. Working capital of €248.00 Million (current assets of €1.61 Billion minus current liabilities of €1.36 Billion) is measured against net assets of €2.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SPIA days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SAPPI LTD ADR/1 RC 1 Working Capital to Net Assets (2022–2024)
This chart shows how SAPPI LTD ADR/1 RC 1's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2022 to 2024. As of December 2025, the ratio stands at 10.6%, reflecting working capital of €248.00 Million against net assets of €2.33 Billion EUR. For the complete balance sheet picture, see SPIA total asset value.
Annual Working Capital to Net Assets for SAPPI LTD ADR/1 RC 1 (2022–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for SAPPI LTD ADR/1 RC 1 from 2022 to 2024, covering 3 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. Read SAPPI LTD ADR/1 RC 1 (SPIA) financial obligations for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 26.0% | €669.00 Million | €2.58 Billion | €2.00 Billion | €1.33 Billion | ▼ -4.2 pp |
| 2023 | 30.2% | €738.00 Million | €2.44 Billion | €2.05 Billion | €1.32 Billion | ▼ -23.9 pp |
| 2022 | 54.1% | €1.27 Billion | €2.36 Billion | €2.80 Billion | €1.52 Billion | — |