Harmony Gold Mining Co. Ltd. (HAR) — Working Capital to Net Assets Ratio
Harmony Gold Mining Co. Ltd. (HAR) has a Working Capital to Net Assets ratio of -26.4% as of December 2025. Working capital of ZAC-13.78 Billion (current assets of ZAC16.30 Billion minus current liabilities of ZAC30.07 Billion) is measured against net assets of ZAC52.20 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Harmony Gold Mining Co. Ltd. net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Harmony Gold Mining Co. Ltd. Working Capital to Net Assets (1998–2025)
This chart shows how Harmony Gold Mining Co. Ltd.'s Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at -26.4%, reflecting working capital of ZAC-13.78 Billion against net assets of ZAC52.20 Billion ZAC. Check HAR intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Harmony Gold Mining Co. Ltd. (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Harmony Gold Mining Co. Ltd. from 1998 to 2025, covering 28 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 Harmony Gold Mining Co. Ltd. (HAR) total market value.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.4% | ZAC8.92 Billion | ZAC48.51 Billion | ZAC21.31 Billion | ZAC12.39 Billion | ▲ +15.5 pp |
| 2024 | 2.9% | ZAC1.19 Billion | ZAC40.95 Billion | ZAC11.50 Billion | ZAC10.31 Billion | ▼ -2.3 pp |
| 2023 | 5.2% | ZAC1.81 Billion | ZAC34.88 Billion | ZAC8.68 Billion | ZAC6.87 Billion | ▼ -3.2 pp |
| 2022 | 8.4% | ZAC2.52 Billion | ZAC30.12 Billion | ZAC7.49 Billion | ZAC4.97 Billion | ▼ -0.5 pp |
| 2021 | 8.8% | ZAC2.79 Billion | ZAC31.68 Billion | ZAC8.55 Billion | ZAC5.76 Billion | ▼ -2.3 pp |
| 2020 | 11.1% | ZAC2.61 Billion | ZAC23.38 Billion | ZAC10.17 Billion | ZAC7.56 Billion | ▲ +6.1 pp |
| 2019 | 5.0% | ZAC1.14 Billion | ZAC22.70 Billion | ZAC4.38 Billion | ZAC3.25 Billion | ▲ +2.8 pp |
| 2018 | 2.2% | ZAC551.88 Million | ZAC25.32 Billion | ZAC4.18 Billion | ZAC3.63 Billion | ▼ -1.5 pp |
| 2017 | 3.7% | ZAC1.07 Billion | ZAC29.08 Billion | ZAC4.88 Billion | ZAC3.81 Billion | ▼ -1.3 pp |
| 2016 | 5.0% | ZAC1.42 Billion | ZAC28.31 Billion | ZAC3.46 Billion | ZAC2.04 Billion | ▼ -0.5 pp |
| 2015 | 5.5% | ZAC1.50 Billion | ZAC26.99 Billion | ZAC3.18 Billion | ZAC1.68 Billion | ▼ -2.8 pp |
| 2014 | 8.3% | ZAC2.59 Billion | ZAC31.04 Billion | ZAC4.44 Billion | ZAC1.85 Billion | ▲ +0.9 pp |
| 2013 | 7.5% | ZAC2.40 Billion | ZAC32.14 Billion | ZAC4.77 Billion | ZAC2.37 Billion | ▼ -1.7 pp |
| 2012 | 9.2% | ZAC3.10 Billion | ZAC33.92 Billion | ZAC5.53 Billion | ZAC2.43 Billion | ▲ +6.1 pp |
| 2011 | 3.1% | ZAC928.58 Million | ZAC30.38 Billion | ZAC3.04 Billion | ZAC2.11 Billion | ▼ -1.1 pp |
| 2010 | 4.1% | ZAC1.21 Billion | ZAC29.21 Billion | ZAC2.83 Billion | ZAC1.63 Billion | ▼ -2.2 pp |
| 2009 | 6.3% | ZAC2.18 Billion | ZAC34.58 Billion | ZAC3.93 Billion | ZAC1.75 Billion | ▲ +16.1 pp |
| 2008 | -9.7% | ZAC-2.41 Billion | ZAC24.77 Billion | ZAC3.61 Billion | ZAC6.02 Billion | ▼ -28.4 pp |
| 2007 | 18.7% | ZAC4.04 Billion | ZAC21.58 Billion | ZAC9.42 Billion | ZAC5.38 Billion | ▲ +15.8 pp |
| 2006 | 2.9% | ZAC604.20 Million | ZAC20.91 Billion | ZAC3.06 Billion | ZAC2.46 Billion | ▼ -2.5 pp |
| 2005 | 5.4% | ZAC1.08 Billion | ZAC19.92 Billion | ZAC3.93 Billion | ZAC2.85 Billion | ▲ +4.0 pp |
| 2004 | 1.4% | ZAC288.43 Million | ZAC20.51 Billion | ZAC2.71 Billion | ZAC2.42 Billion | ▼ -14.3 pp |
| 2003 | 15.7% | ZAC1.38 Billion | ZAC8.77 Billion | ZAC2.92 Billion | ZAC1.54 Billion | ▲ +7.1 pp |
| 2002 | 8.6% | ZAC693.45 Million | ZAC8.02 Billion | ZAC2.59 Billion | ZAC1.89 Billion | ▼ -13.6 pp |
| 2001 | 22.3% | ZAC1.03 Billion | ZAC4.62 Billion | ZAC2.26 Billion | ZAC1.23 Billion | ▲ +25.3 pp |
| 2000 | -3.0% | ZAC-84.95 Million | ZAC2.86 Billion | ZAC925.80 Million | ZAC1.01 Billion | ▼ -9.1 pp |
| 1999 | 6.2% | ZAC106.18 Million | ZAC1.72 Billion | ZAC532.13 Million | ZAC425.94 Million | ▼ -4.1 pp |
| 1998 | 10.3% | ZAC133.13 Million | ZAC1.30 Billion | ZAC383.47 Million | ZAC250.35 Million | — |