Merafe (MRF) — Working Capital to Net Assets Ratio
Merafe (MRF) has a Working Capital to Net Assets ratio of 81.8% as of June 2025. Working capital of ZAC4.02 Billion (current assets of ZAC4.76 Billion minus current liabilities of ZAC744.66 Million) is measured against net assets of ZAC4.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MRF free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Merafe Working Capital to Net Assets (2001–2024)
This chart shows how Merafe's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2024. As of June 2025, the ratio stands at 81.8%, reflecting working capital of ZAC4.02 Billion against net assets of ZAC4.91 Billion ZAC. See MRF days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Merafe (2001–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Merafe from 2001 to 2024, covering 24 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 market value of Merafe.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 81.1% | ZAC3.96 Billion | ZAC4.88 Billion | ZAC4.88 Billion | ZAC925.70 Million | ▲ +1.1 pp |
| 2023 | 80.1% | ZAC4.21 Billion | ZAC5.26 Billion | ZAC5.18 Billion | ZAC971.35 Million | ▼ -2.6 pp |
| 2022 | 82.6% | ZAC3.58 Billion | ZAC4.33 Billion | ZAC4.51 Billion | ZAC932.40 Million | ▼ -4.6 pp |
| 2021 | 87.2% | ZAC3.29 Billion | ZAC3.77 Billion | ZAC4.18 Billion | ZAC892.40 Million | ▲ +0.8 pp |
| 2020 | 86.3% | ZAC1.97 Billion | ZAC2.28 Billion | ZAC2.61 Billion | ZAC643.61 Million | ▲ +13.5 pp |
| 2019 | 72.9% | ZAC2.46 Billion | ZAC3.38 Billion | ZAC3.06 Billion | ZAC594.02 Million | ▲ +17.2 pp |
| 2018 | 55.6% | ZAC2.72 Billion | ZAC4.89 Billion | ZAC3.27 Billion | ZAC550.40 Million | ▲ +3.5 pp |
| 2017 | 52.1% | ZAC2.42 Billion | ZAC4.64 Billion | ZAC3.05 Billion | ZAC635.45 Million | ▲ +5.5 pp |
| 2016 | 46.6% | ZAC1.82 Billion | ZAC3.90 Billion | ZAC2.71 Billion | ZAC889.86 Million | ▲ +1.7 pp |
| 2015 | 45.0% | ZAC1.54 Billion | ZAC3.41 Billion | ZAC2.10 Billion | ZAC563.94 Million | ▲ +5.4 pp |
| 2014 | 39.6% | ZAC1.24 Billion | ZAC3.12 Billion | ZAC2.15 Billion | ZAC911.49 Million | ▲ +0.6 pp |
| 2013 | 39.0% | ZAC1.14 Billion | ZAC2.93 Billion | ZAC1.90 Billion | ZAC763.91 Million | ▼ -4.1 pp |
| 2012 | 43.0% | ZAC1.17 Billion | ZAC2.71 Billion | ZAC1.61 Billion | ZAC449.55 Million | ▼ -0.4 pp |
| 2011 | 43.4% | ZAC1.15 Billion | ZAC2.66 Billion | ZAC1.55 Billion | ZAC396.09 Million | ▼ -3.4 pp |
| 2010 | 46.8% | ZAC1.20 Billion | ZAC2.58 Billion | ZAC1.63 Billion | ZAC420.84 Million | ▼ -3.2 pp |
| 2009 | 50.0% | ZAC1.17 Billion | ZAC2.33 Billion | ZAC1.45 Billion | ZAC288.21 Million | ▼ -9.0 pp |
| 2008 | 59.0% | ZAC1.46 Billion | ZAC2.48 Billion | ZAC1.89 Billion | ZAC429.88 Million | ▲ +48.2 pp |
| 2007 | 10.8% | ZAC155.83 Million | ZAC1.44 Billion | ZAC785.41 Million | ZAC629.58 Million | ▲ +7.6 pp |
| 2006 | 3.2% | ZAC35.83 Million | ZAC1.11 Billion | ZAC612.54 Million | ZAC576.71 Million | ▲ +24.6 pp |
| 2005 | -21.4% | ZAC-193.55 Million | ZAC904.87 Million | ZAC692.50 Million | ZAC886.05 Million | ▼ -13.3 pp |
| 2004 | -8.1% | ZAC-25.81 Million | ZAC319.03 Million | ZAC486.79 Million | ZAC512.60 Million | ▲ +35.0 pp |
| 2003 | -43.1% | ZAC-100.06 Million | ZAC231.96 Million | ZAC156.31 Million | ZAC256.37 Million | ▲ +3.7 pp |
| 2002 | -46.8% | ZAC-108.23 Million | ZAC231.10 Million | ZAC113.21 Million | ZAC221.44 Million | ▼ -47.0 pp |
| 2001 | 0.1% | ZAC515.28K | ZAC363.61 Million | ZAC93.96 Million | ZAC93.44 Million | — |