Ninety One PLC (N91) — Working Capital to Net Assets Ratio
Ninety One PLC (N91) has a Working Capital to Net Assets ratio of 56.9% as of March 2026. Working capital of ZAC399.80 Million (current assets of ZAC14.37 Billion minus current liabilities of ZAC13.97 Billion) is measured against net assets of ZAC702.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See N91 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ninety One PLC Working Capital to Net Assets (2017–2026)
This chart shows how Ninety One PLC's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2017 to 2026. As of March 2026, the ratio stands at 56.9%, reflecting working capital of ZAC399.80 Million against net assets of ZAC702.60 Million ZAC. For the complete balance sheet picture, see balance sheet size of Ninety One PLC.
Annual Working Capital to Net Assets for Ninety One PLC (2017–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ninety One PLC from 2017 to 2026, covering 10 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 asset resilience ratio of Ninety One PLC to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 56.9% | ZAC399.80 Million | ZAC702.60 Million | ZAC14.37 Billion | ZAC13.97 Billion | ▼ -38.8 pp |
| 2025 | 95.7% | ZAC357.70 Million | ZAC373.60 Million | ZAC12.04 Billion | ZAC11.69 Billion | ▲ +1.7 pp |
| 2024 | 94.1% | ZAC345.80 Million | ZAC367.60 Million | ZAC10.94 Billion | ZAC10.59 Billion | ▲ +1.4 pp |
| 2023 | 92.6% | ZAC324.10 Million | ZAC349.90 Million | ZAC10.64 Billion | ZAC10.31 Billion | ▼ -2.1 pp |
| 2022 | 94.7% | ZAC323.50 Million | ZAC341.60 Million | ZAC11.50 Billion | ZAC11.18 Billion | ▼ -13.4 pp |
| 2021 | 108.1% | ZAC273.70 Million | ZAC253.30 Million | ZAC9.75 Billion | ZAC9.48 Billion | ▲ +7.7 pp |
| 2020 | 100.3% | ZAC151.60 Million | ZAC151.10 Million | ZAC7.51 Billion | ZAC7.35 Billion | ▼ -7.8 pp |
| 2019 | 108.2% | ZAC211.60 Million | ZAC195.64 Million | ZAC8.76 Billion | ZAC8.55 Billion | ▼ -10.0 pp |
| 2018 | 118.1% | ZAC249.99 Million | ZAC211.61 Million | ZAC9.03 Billion | ZAC8.78 Billion | ▼ -4.9 pp |
| 2017 | 123.1% | ZAC241.97 Million | ZAC196.62 Million | ZAC8.25 Billion | ZAC8.01 Billion | — |