Adcorp (ADR) — Working Capital to Net Assets Ratio
Adcorp (ADR) has a Working Capital to Net Assets ratio of 50.5% as of August 2025. Working capital of ZAC751.01 Million (current assets of ZAC2.05 Billion minus current liabilities of ZAC1.30 Billion) is measured against net assets of ZAC1.49 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Adcorp to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Adcorp Working Capital to Net Assets (2003–2025)
This chart shows how Adcorp's Working Capital to Net Assets ratio has evolved across 27 annual periods from 2003 to 2025. As of August 2025, the ratio stands at 50.5%, reflecting working capital of ZAC751.01 Million against net assets of ZAC1.49 Billion ZAC. See defensive interval ratio of Adcorp to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Adcorp (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Adcorp from 2003 to 2025, covering 27 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 Adcorp (ADR) market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 50.3% | ZAC749.29 Million | ZAC1.49 Billion | ZAC2.15 Billion | ZAC1.40 Billion | ▲ +4.0 pp |
| 2024 | 46.3% | ZAC675.71 Million | ZAC1.46 Billion | ZAC1.99 Billion | ZAC1.31 Billion | ▲ +1.7 pp |
| 2023 | 44.6% | ZAC684.74 Million | ZAC1.53 Billion | ZAC1.92 Billion | ZAC1.24 Billion | ▲ +2.5 pp |
| 2022 | 42.1% | ZAC619.58 Million | ZAC1.47 Billion | ZAC1.91 Billion | ZAC1.29 Billion | ▼ -21.9 pp |
| 2021 | 64.0% | ZAC865.29 Million | ZAC1.35 Billion | ZAC2.16 Billion | ZAC1.29 Billion | ▲ +52.7 pp |
| 2020 | 11.3% | ZAC132.93 Million | ZAC1.18 Billion | ZAC2.47 Billion | ZAC2.34 Billion | ▼ -40.9 pp |
| 2019 | 52.2% | ZAC994.78 Million | ZAC1.91 Billion | ZAC2.65 Billion | ZAC1.65 Billion | ▼ -7.8 pp |
| 2018 | 60.0% | ZAC961.84 Million | ZAC1.60 Billion | ZAC2.81 Billion | ZAC1.85 Billion | ▼ -40.0 pp |
| 2017 | 100.0% | ZAC-861.75K | ZAC-861.75K | ZAC3.08K | ZAC864.83K | ▲ +73.0 pp |
| 2017 | 27.0% | ZAC621.16 Million | ZAC2.30 Billion | ZAC3.30 Billion | ZAC2.68 Billion | ▼ -73.0 pp |
| 2016 | 100.0% | ZAC-347.91K | ZAC-347.91K | ZAC992.00 | ZAC348.90K | ▲ +42.0 pp |
| 2016 | 58.0% | ZAC1.56 Billion | ZAC2.69 Billion | ZAC3.74 Billion | ZAC2.19 Billion | ▼ -42.0 pp |
| 2015 | 100.0% | ZAC81.70K | ZAC81.70K | ZAC136.84K | ZAC55.14K | ▲ +47.7 pp |
| 2015 | 52.3% | ZAC1.29 Billion | ZAC2.47 Billion | ZAC3.02 Billion | ZAC1.73 Billion | ▼ -47.7 pp |
| 2014 | 100.0% | ZAC32.30K | ZAC32.30K | ZAC423.54K | ZAC391.23K | ▲ +54.9 pp |
| 2014 | 45.1% | ZAC946.56 Million | ZAC2.10 Billion | ZAC2.53 Billion | ZAC1.58 Billion | ▲ +34.3 pp |
| 2013 | 10.8% | ZAC204.77 Million | ZAC1.90 Billion | ZAC2.27 Billion | ZAC2.06 Billion | ▼ -7.9 pp |
| 2012 | 18.7% | ZAC270.18 Million | ZAC1.44 Billion | ZAC1.40 Billion | ZAC1.13 Billion | ▼ -24.4 pp |
| 2011 | 43.2% | ZAC437.32 Million | ZAC1.01 Billion | ZAC1.14 Billion | ZAC698.26 Million | ▲ +8.1 pp |
| 2010 | 35.1% | ZAC318.84 Million | ZAC907.94 Million | ZAC870.19 Million | ZAC551.35 Million | ▲ +9.2 pp |
| 2009 | 25.9% | ZAC208.15 Million | ZAC803.48 Million | ZAC868.18 Million | ZAC660.03 Million | ▼ -2.2 pp |
| 2008 | 28.1% | ZAC187.96 Million | ZAC667.75 Million | ZAC714.49 Million | ZAC526.53 Million | ▼ -29.0 pp |
| 2007 | 57.1% | ZAC177.42 Million | ZAC310.70 Million | ZAC511.50 Million | ZAC334.07 Million | ▲ +0.0 pp |
| 2006 | 57.1% | ZAC177.42 Million | ZAC310.70 Million | ZAC511.50 Million | ZAC334.07 Million | ▲ +15.8 pp |
| 2005 | 41.3% | ZAC91.33 Million | ZAC221.33 Million | ZAC349.04 Million | ZAC257.70 Million | ▲ +9.4 pp |
| 2004 | 31.8% | ZAC61.97 Million | ZAC194.76 Million | ZAC278.24 Million | ZAC216.28 Million | ▲ +10.5 pp |
| 2003 | 21.3% | ZAC47.28 Million | ZAC222.15 Million | ZAC258.84 Million | ZAC211.56 Million | — |