Exxaro Resources Ltd (EXX) — Working Capital to Net Assets Ratio
Exxaro Resources Ltd (EXX) has a Working Capital to Net Assets ratio of 36.9% as of December 2025. Working capital of ZAC26.26 Billion (current assets of ZAC32.66 Billion minus current liabilities of ZAC6.41 Billion) is measured against net assets of ZAC71.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See EXX equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Exxaro Resources Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Exxaro Resources Ltd's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 36.9%, reflecting working capital of ZAC26.26 Billion against net assets of ZAC71.25 Billion ZAC. Check tangible equity quality of Exxaro Resources Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Exxaro Resources Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Exxaro Resources Ltd from 2004 to 2025, covering 22 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 EXX stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.9% | ZAC26.26 Billion | ZAC71.25 Billion | ZAC32.66 Billion | ZAC6.41 Billion | ▲ +4.6 pp |
| 2024 | 32.2% | ZAC22.10 Billion | ZAC68.55 Billion | ZAC27.92 Billion | ZAC5.82 Billion | ▲ +1.4 pp |
| 2023 | 30.8% | ZAC20.48 Billion | ZAC66.41 Billion | ZAC26.70 Billion | ZAC6.22 Billion | ▲ +2.8 pp |
| 2022 | 28.1% | ZAC16.67 Billion | ZAC59.38 Billion | ZAC21.86 Billion | ZAC5.19 Billion | ▲ +12.5 pp |
| 2021 | 15.5% | ZAC7.78 Billion | ZAC50.10 Billion | ZAC12.56 Billion | ZAC4.78 Billion | ▲ +17.6 pp |
| 2020 | -2.1% | ZAC-999.00 Million | ZAC48.12 Billion | ZAC9.24 Billion | ZAC10.24 Billion | ▼ -11.9 pp |
| 2019 | 9.8% | ZAC4.22 Billion | ZAC42.89 Billion | ZAC9.40 Billion | ZAC5.18 Billion | ▲ +6.2 pp |
| 2018 | 3.7% | ZAC1.50 Billion | ZAC41.15 Billion | ZAC8.33 Billion | ZAC6.82 Billion | ▼ -14.2 pp |
| 2017 | 17.9% | ZAC7.03 Billion | ZAC39.37 Billion | ZAC11.16 Billion | ZAC4.13 Billion | ▲ +10.6 pp |
| 2016 | 7.3% | ZAC2.56 Billion | ZAC35.09 Billion | ZAC10.02 Billion | ZAC7.46 Billion | ▲ +3.3 pp |
| 2015 | 4.0% | ZAC1.36 Billion | ZAC34.23 Billion | ZAC6.02 Billion | ZAC4.66 Billion | ▼ -2.1 pp |
| 2014 | 6.1% | ZAC2.10 Billion | ZAC34.42 Billion | ZAC5.69 Billion | ZAC3.59 Billion | ▲ +4.4 pp |
| 2013 | 1.7% | ZAC631.00 Million | ZAC36.27 Billion | ZAC4.48 Billion | ZAC3.85 Billion | ▲ +2.5 pp |
| 2012 | -0.8% | ZAC-222.00 Million | ZAC28.81 Billion | ZAC4.97 Billion | ZAC5.19 Billion | ▼ -1.3 pp |
| 2011 | 0.5% | ZAC121.00 Million | ZAC23.61 Billion | ZAC4.52 Billion | ZAC4.40 Billion | ▼ -29.1 pp |
| 2010 | 29.7% | ZAC5.16 Billion | ZAC17.41 Billion | ZAC9.12 Billion | ZAC3.95 Billion | ▼ -3.9 pp |
| 2009 | 33.6% | ZAC4.33 Billion | ZAC12.91 Billion | ZAC7.33 Billion | ZAC3.00 Billion | ▲ +4.2 pp |
| 2008 | 29.3% | ZAC3.85 Billion | ZAC13.12 Billion | ZAC7.18 Billion | ZAC3.33 Billion | ▲ +2.6 pp |
| 2007 | 26.7% | ZAC2.62 Billion | ZAC9.82 Billion | ZAC4.31 Billion | ZAC1.69 Billion | ▲ +3.2 pp |
| 2006 | 23.6% | ZAC1.93 Billion | ZAC8.17 Billion | ZAC3.96 Billion | ZAC2.04 Billion | ▼ -2.8 pp |
| 2005 | 26.3% | ZAC1.95 Billion | ZAC7.39 Billion | ZAC5.04 Billion | ZAC3.10 Billion | ▼ -3.1 pp |
| 2004 | 29.5% | ZAC1.90 Billion | ZAC6.46 Billion | ZAC4.00 Billion | ZAC2.10 Billion | — |