Firstrand Ltd (FSR) — Working Capital to Net Assets Ratio
Firstrand Ltd (FSR) has a Working Capital to Net Assets ratio of -930.2% as of December 2025. Working capital of ZAC-2.11 Trillion (current assets of ZAC188.42 Billion minus current liabilities of ZAC2.30 Trillion) is measured against net assets of ZAC226.94 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Firstrand Ltd fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Firstrand Ltd Working Capital to Net Assets (2010–2025)
This chart shows how Firstrand Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2010 to 2025. As of December 2025, the ratio stands at -930.2%, reflecting working capital of ZAC-2.11 Trillion against net assets of ZAC226.94 Billion ZAC. For the complete balance sheet picture, see FSR current and non-current assets.
Annual Working Capital to Net Assets for Firstrand Ltd (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Firstrand Ltd from 2010 to 2025, covering 15 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. Check Firstrand Ltd (FSR) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -159.4% | ZAC-384.04 Billion | ZAC240.97 Billion | ZAC234.80 Billion | ZAC618.84 Billion | ▲ +12.9 pp |
| 2024 | -172.3% | ZAC-375.31 Billion | ZAC217.80 Billion | ZAC172.35 Billion | ZAC547.66 Billion | ▼ -240.0 pp |
| 2023 | 67.7% | ZAC131.91 Billion | ZAC194.92 Billion | ZAC175.30 Billion | ZAC43.39 Billion | ▲ +19.2 pp |
| 2022 | 48.5% | ZAC87.62 Billion | ZAC180.71 Billion | ZAC109.11 Billion | ZAC21.49 Billion | ▲ +5.2 pp |
| 2021 | 43.3% | ZAC72.67 Billion | ZAC167.89 Billion | ZAC95.43 Billion | ZAC22.77 Billion | ▼ -11.9 pp |
| 2020 | 55.1% | ZAC83.77 Billion | ZAC151.92 Billion | ZAC104.81 Billion | ZAC21.04 Billion | ▲ +19.6 pp |
| 2019 | 35.6% | ZAC51.41 Billion | ZAC144.59 Billion | ZAC73.33 Billion | ZAC21.92 Billion | ▲ +220.2 pp |
| 2018 | -184.6% | ZAC-241.48 Billion | ZAC130.80 Billion | ZAC104.36 Billion | ZAC345.84 Billion | ▼ -249.3 pp |
| 2017 | 64.7% | ZAC75.83 Billion | ZAC117.18 Billion | ZAC75.84 Billion | ZAC16.00 Million | ▼ -2.7 pp |
| 2016 | 67.4% | ZAC72.84 Billion | ZAC108.06 Billion | ZAC73.00 Billion | ZAC157.00 Million | ▼ -6.1 pp |
| 2015 | 73.5% | ZAC72.52 Billion | ZAC98.60 Billion | ZAC72.64 Billion | ZAC120.00 Million | ▲ +10.1 pp |
| 2014 | 63.4% | ZAC55.94 Billion | ZAC88.22 Billion | ZAC68.05 Billion | ZAC12.11 Billion | ▲ +5.4 pp |
| 2013 | 58.0% | ZAC46.22 Billion | ZAC79.63 Billion | ZAC56.25 Billion | ZAC10.03 Billion | ▲ +9.9 pp |
| 2012 | 48.2% | ZAC33.62 Billion | ZAC69.81 Billion | ZAC42.70 Billion | ZAC9.09 Billion | ▼ -3.8 pp |
| 2010 | 52.0% | ZAC30.65 Billion | ZAC58.96 Billion | ZAC32.81 Billion | ZAC2.16 Billion | — |