Ninety One Ltd (NY1) — Working Capital to Net Assets Ratio
Ninety One Ltd (NY1) has a Working Capital to Net Assets ratio of 95.0% as of September 2025. Working capital of ZAC371.50 Million (current assets of ZAC13.45 Billion minus current liabilities of ZAC13.07 Billion) is measured against net assets of ZAC391.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Ninety One Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ninety One Ltd Working Capital to Net Assets (2017–2025)
This chart shows how Ninety One Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of September 2025, the ratio stands at 95.0%, reflecting working capital of ZAC371.50 Million against net assets of ZAC391.00 Million ZAC. See how many days can Ninety One Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Ninety One Ltd (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ninety One Ltd from 2017 to 2025, covering 9 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 Ninety One Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (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 | ▼ -10.0 pp |
| 2022 | 102.6% | ZAC350.60 Million | ZAC341.60 Million | ZAC11.53 Billion | ZAC11.18 Billion | ▼ -5.4 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 | ▼ -10.8 pp |
| 2019 | 111.1% | ZAC217.42 Million | ZAC195.64 Million | ZAC8.76 Billion | ZAC8.55 Billion | ▼ -7.0 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 | — |