Naspers Limited (NPN) — Working Capital to Net Assets Ratio
Naspers Limited (NPN) has a Working Capital to Net Assets ratio of 34.3% as of September 2025. Working capital of ZAC19.09 Billion (current assets of ZAC26.12 Billion minus current liabilities of ZAC7.03 Billion) is measured against net assets of ZAC55.66 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Naspers Limited balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Naspers Limited Working Capital to Net Assets (2002–2025)
This chart shows how Naspers Limited's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of September 2025, the ratio stands at 34.3%, reflecting working capital of ZAC19.09 Billion against net assets of ZAC55.66 Billion ZAC. Check NPN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Naspers Limited (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Naspers Limited from 2002 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 NPN company net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 31.3% | ZAC16.01 Billion | ZAC51.21 Billion | ZAC22.46 Billion | ZAC6.45 Billion | ▼ -11.1 pp |
| 2024 | 42.3% | ZAC17.48 Billion | ZAC41.28 Billion | ZAC22.28 Billion | ZAC4.80 Billion | ▼ -0.8 pp |
| 2023 | 43.1% | ZAC19.22 Billion | ZAC44.60 Billion | ZAC23.83 Billion | ZAC4.61 Billion | ▲ +21.4 pp |
| 2022 | 21.7% | ZAC10.88 Billion | ZAC50.13 Billion | ZAC15.52 Billion | ZAC4.64 Billion | ▲ +13.4 pp |
| 2021 | 8.3% | ZAC3.38 Billion | ZAC40.86 Billion | ZAC7.69 Billion | ZAC4.31 Billion | ▼ -16.1 pp |
| 2020 | 24.4% | ZAC7.30 Billion | ZAC29.93 Billion | ZAC9.51 Billion | ZAC2.21 Billion | ▼ -7.5 pp |
| 2019 | 31.9% | ZAC8.97 Billion | ZAC28.13 Billion | ZAC10.55 Billion | ZAC1.58 Billion | ▼ -2.9 pp |
| 2018 | 34.8% | ZAC8.93 Billion | ZAC25.69 Billion | ZAC13.06 Billion | ZAC4.14 Billion | ▲ +17.1 pp |
| 2017 | 17.6% | ZAC2.71 Billion | ZAC15.36 Billion | ZAC5.64 Billion | ZAC2.93 Billion | ▲ +6.5 pp |
| 2016 | 11.2% | ZAC1.19 Billion | ZAC10.65 Billion | ZAC3.24 Billion | ZAC2.05 Billion | ▲ +3.7 pp |
| 2015 | 7.5% | ZAC518.66 Million | ZAC6.90 Billion | ZAC2.70 Billion | ZAC2.18 Billion | ▲ +0.9 pp |
| 2014 | 6.7% | ZAC428.31 Million | ZAC6.43 Billion | ZAC2.68 Billion | ZAC2.25 Billion | ▼ -9.3 pp |
| 2013 | 16.0% | ZAC966.96 Million | ZAC6.04 Billion | ZAC2.97 Billion | ZAC2.00 Billion | ▲ +5.1 pp |
| 2012 | 10.9% | ZAC701.97 Million | ZAC6.46 Billion | ZAC2.51 Billion | ZAC1.81 Billion | ▲ +0.9 pp |
| 2011 | 10.0% | ZAC626.93 Million | ZAC6.29 Billion | ZAC2.38 Billion | ZAC1.75 Billion | ▲ +3.8 pp |
| 2010 | 6.1% | ZAC295.69 Million | ZAC4.82 Billion | ZAC1.78 Billion | ZAC1.48 Billion | ▼ -3.3 pp |
| 2009 | 9.5% | ZAC351.42 Million | ZAC3.71 Billion | ZAC1.44 Billion | ZAC1.09 Billion | ▼ -3.7 pp |
| 2008 | 13.2% | ZAC539.10 Million | ZAC4.08 Billion | ZAC1.84 Billion | ZAC1.30 Billion | ▼ -26.9 pp |
| 2007 | 40.1% | ZAC1.19 Billion | ZAC2.97 Billion | ZAC2.23 Billion | ZAC1.04 Billion | ▼ -6.4 pp |
| 2006 | 46.5% | ZAC551.23 Million | ZAC1.19 Billion | ZAC1.64 Billion | ZAC1.09 Billion | ▲ +26.8 pp |
| 2005 | 19.7% | ZAC217.47 Million | ZAC1.10 Billion | ZAC1.14 Billion | ZAC926.41 Million | ▲ +20.5 pp |
| 2004 | -0.7% | ZAC-3.83 Million | ZAC543.73 Million | ZAC1.08 Billion | ZAC1.08 Billion | ▼ -0.8 pp |
| 2003 | 0.1% | ZAC640.00K | ZAC482.97 Million | ZAC668.44 Million | ZAC667.80 Million | ▼ -13.1 pp |
| 2002 | 13.2% | ZAC67.14 Million | ZAC507.77 Million | ZAC577.31 Million | ZAC510.17 Million | — |