Northam Platinum Holdings Ltd (NPH) — Working Capital to Net Assets Ratio
Northam Platinum Holdings Ltd (NPH) has a Working Capital to Net Assets ratio of 32.6% as of December 2025. Working capital of ZAC12.80 Billion (current assets of ZAC21.60 Billion minus current liabilities of ZAC8.80 Billion) is measured against net assets of ZAC39.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NPH 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
Northam Platinum Holdings Ltd Working Capital to Net Assets (2013–2025)
This chart shows how Northam Platinum Holdings Ltd's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 32.6%, reflecting working capital of ZAC12.80 Billion against net assets of ZAC39.25 Billion ZAC. See NPH days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Northam Platinum Holdings Ltd (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northam Platinum Holdings Ltd from 2013 to 2025, covering 13 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 NPH market cap.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 32.1% | ZAC10.33 Billion | ZAC32.15 Billion | ZAC17.65 Billion | ZAC7.33 Billion | ▲ +5.8 pp |
| 2024 | 26.3% | ZAC8.01 Billion | ZAC30.48 Billion | ZAC17.74 Billion | ZAC9.74 Billion | ▲ +16.0 pp |
| 2023 | 10.2% | ZAC3.30 Billion | ZAC32.30 Billion | ZAC13.84 Billion | ZAC10.54 Billion | ▲ +22.1 pp |
| 2022 | -11.9% | ZAC-3.52 Billion | ZAC29.73 Billion | ZAC8.15 Billion | ZAC11.68 Billion | ▼ -22.4 pp |
| 2021 | 10.5% | ZAC2.00 Billion | ZAC19.02 Billion | ZAC10.56 Billion | ZAC8.56 Billion | ▼ -10.1 pp |
| 2020 | 20.6% | ZAC1.99 Billion | ZAC9.65 Billion | ZAC6.37 Billion | ZAC4.38 Billion | ▼ -15.9 pp |
| 2019 | 36.5% | ZAC2.72 Billion | ZAC7.46 Billion | ZAC5.34 Billion | ZAC2.62 Billion | ▲ +21.5 pp |
| 2018 | 15.0% | ZAC1.11 Billion | ZAC7.39 Billion | ZAC4.72 Billion | ZAC3.61 Billion | ▼ -15.7 pp |
| 2017 | 30.8% | ZAC2.49 Billion | ZAC8.09 Billion | ZAC4.10 Billion | ZAC1.61 Billion | ▼ -11.5 pp |
| 2016 | 42.3% | ZAC3.69 Billion | ZAC8.73 Billion | ZAC4.87 Billion | ZAC1.18 Billion | ▲ +8.0 pp |
| 2015 | 34.3% | ZAC3.16 Billion | ZAC9.22 Billion | ZAC5.78 Billion | ZAC2.62 Billion | ▲ +27.2 pp |
| 2014 | 7.1% | ZAC803.91 Million | ZAC11.39 Billion | ZAC2.00 Billion | ZAC1.19 Billion | ▲ +5.3 pp |
| 2013 | 1.8% | ZAC190.47 Million | ZAC10.82 Billion | ZAC1.73 Billion | ZAC1.54 Billion | — |