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 HAR cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see how large is Harmony Gold Mining Co. Ltd.'s balance sheet.
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. Check financial resilience of Harmony Gold Mining Co. Ltd. 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 | 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 | — |