MTN Group Ltd (MTN) — Working Capital to Net Assets Ratio
MTN Group Ltd (MTN) has a Working Capital to Net Assets ratio of -7.0% as of December 2025. Working capital of ZAC-11.81 Billion (current assets of ZAC185.91 Billion minus current liabilities of ZAC197.73 Billion) is measured against net assets of ZAC169.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MTN Group Ltd (MTN) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MTN Group Ltd Working Capital to Net Assets (2001–2025)
This chart shows how MTN Group Ltd's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2025. As of December 2025, the ratio stands at -7.0%, reflecting working capital of ZAC-11.81 Billion against net assets of ZAC169.73 Billion ZAC. See MTN Group Ltd (MTN) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for MTN Group Ltd (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MTN Group Ltd from 2001 to 2025, 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 MTN Group Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -7.0% | ZAC-11.81 Billion | ZAC169.73 Billion | ZAC185.91 Billion | ZAC197.73 Billion | ▼ -1.9 pp |
| 2024 | -5.0% | ZAC-6.94 Billion | ZAC138.45 Billion | ZAC142.26 Billion | ZAC149.20 Billion | ▲ +7.6 pp |
| 2023 | -12.6% | ZAC-18.97 Billion | ZAC150.18 Billion | ZAC137.84 Billion | ZAC156.80 Billion | ▼ -8.0 pp |
| 2022 | -4.6% | ZAC-5.67 Billion | ZAC122.34 Billion | ZAC134.21 Billion | ZAC139.87 Billion | ▼ -2.8 pp |
| 2021 | -1.9% | ZAC-2.13 Billion | ZAC114.98 Billion | ZAC125.80 Billion | ZAC127.93 Billion | ▼ -3.2 pp |
| 2020 | 1.4% | ZAC1.46 Billion | ZAC106.22 Billion | ZAC109.76 Billion | ZAC108.30 Billion | ▲ +11.1 pp |
| 2019 | -9.8% | ZAC-8.39 Billion | ZAC86.10 Billion | ZAC75.44 Billion | ZAC83.84 Billion | ▲ +6.7 pp |
| 2018 | -16.5% | ZAC-14.53 Billion | ZAC88.23 Billion | ZAC58.04 Billion | ZAC72.57 Billion | ▼ -10.9 pp |
| 2017 | -5.5% | ZAC-5.22 Billion | ZAC94.27 Billion | ZAC59.90 Billion | ZAC65.12 Billion | ▼ -7.3 pp |
| 2016 | 1.8% | ZAC1.89 Billion | ZAC105.23 Billion | ZAC79.61 Billion | ZAC77.73 Billion | ▼ -2.1 pp |
| 2015 | 3.9% | ZAC5.91 Billion | ZAC151.84 Billion | ZAC95.43 Billion | ZAC89.52 Billion | ▼ -13.2 pp |
| 2014 | 17.1% | ZAC22.84 Billion | ZAC133.44 Billion | ZAC90.47 Billion | ZAC67.63 Billion | ▲ +2.1 pp |
| 2013 | 15.0% | ZAC17.93 Billion | ZAC119.77 Billion | ZAC75.91 Billion | ZAC57.98 Billion | ▲ +9.5 pp |
| 2012 | 5.5% | ZAC5.10 Billion | ZAC92.89 Billion | ZAC60.29 Billion | ZAC55.19 Billion | ▼ -7.8 pp |
| 2011 | 13.3% | ZAC12.30 Billion | ZAC92.70 Billion | ZAC67.62 Billion | ZAC55.32 Billion | ▲ +2.0 pp |
| 2010 | 11.3% | ZAC8.34 Billion | ZAC74.07 Billion | ZAC55.06 Billion | ZAC46.72 Billion | ▲ +23.5 pp |
| 2009 | -12.2% | ZAC-8.92 Billion | ZAC72.87 Billion | ZAC46.02 Billion | ZAC54.95 Billion | ▼ -12.5 pp |
| 2008 | 0.2% | ZAC196.00 Million | ZAC80.54 Billion | ZAC54.79 Billion | ZAC54.59 Billion | ▲ +3.1 pp |
| 2007 | -2.9% | ZAC-1.47 Billion | ZAC51.50 Billion | ZAC33.50 Billion | ZAC34.97 Billion | ▼ -4.4 pp |
| 2006 | 1.5% | ZAC650.00 Million | ZAC42.73 Billion | ZAC20.64 Billion | ZAC19.98 Billion | ▼ -5.9 pp |
| 2005 | 7.5% | ZAC1.73 Billion | ZAC23.10 Billion | ZAC13.68 Billion | ZAC11.95 Billion | ▼ -3.3 pp |
| 2003 | 10.7% | ZAC2.29 Billion | ZAC21.27 Billion | ZAC8.64 Billion | ZAC6.36 Billion | ▲ +15.5 pp |
| 2002 | -4.8% | ZAC-855.00 Million | ZAC17.95 Billion | ZAC5.31 Billion | ZAC6.17 Billion | ▼ -2.9 pp |
| 2001 | -1.8% | ZAC-305.00 Million | ZAC16.74 Billion | ZAC4.17 Billion | ZAC4.47 Billion | — |