Pan African Resources PLC (PAN) — Working Capital to Net Assets Ratio
Pan African Resources PLC (PAN) has a Working Capital to Net Assets ratio of 0.9% as of December 2025. Working capital of ZAC5.89 Million (current assets of ZAC159.77 Million minus current liabilities of ZAC153.88 Million) is measured against net assets of ZAC687.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Pan African Resources PLC to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pan African Resources PLC Working Capital to Net Assets (2014–2025)
This chart shows how Pan African Resources PLC's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 0.9%, reflecting working capital of ZAC5.89 Million against net assets of ZAC687.24 Million ZAC. For the complete balance sheet picture, see PAN total assets.
Annual Working Capital to Net Assets for Pan African Resources PLC (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pan African Resources PLC from 2014 to 2025, covering 12 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. Explore long-term investment intensity of Pan African Resources PLC to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -12.9% | ZAC-70.41 Million | ZAC546.67 Million | ZAC105.46 Million | ZAC175.87 Million | ▼ -8.2 pp |
| 2024 | -4.7% | ZAC-17.14 Million | ZAC364.10 Million | ZAC60.39 Million | ZAC77.53 Million | ▲ +0.8 pp |
| 2023 | -5.5% | ZAC-16.12 Million | ZAC294.60 Million | ZAC61.26 Million | ZAC77.39 Million | ▼ -4.4 pp |
| 2022 | -1.0% | ZAC-3.04 Million | ZAC294.61 Million | ZAC55.95 Million | ZAC58.99 Million | ▲ +6.5 pp |
| 2021 | -7.6% | ZAC-21.42 Million | ZAC283.63 Million | ZAC84.56 Million | ZAC105.98 Million | ▲ +6.1 pp |
| 2020 | -13.7% | ZAC-25.07 Million | ZAC183.62 Million | ZAC53.65 Million | ZAC78.72 Million | ▲ +4.8 pp |
| 2019 | -18.5% | ZAC-33.89 Million | ZAC183.58 Million | ZAC29.96 Million | ZAC63.85 Million | ▼ -6.6 pp |
| 2018 | -11.8% | ZAC-17.88 Million | ZAC151.27 Million | ZAC26.51 Million | ZAC44.39 Million | ▼ -13.0 pp |
| 2017 | 1.2% | ZAC3.30 Million | ZAC281.78 Million | ZAC34.92 Million | ZAC31.61 Million | ▲ +7.9 pp |
| 2016 | -6.8% | ZAC-13.61 Million | ZAC201.52 Million | ZAC29.39 Million | ZAC43.00 Million | ▼ -3.3 pp |
| 2015 | -3.5% | ZAC-5.13 Million | ZAC147.17 Million | ZAC17.22 Million | ZAC22.35 Million | ▼ -3.2 pp |
| 2014 | -0.3% | ZAC-501.25K | ZAC159.40 Million | ZAC23.51 Million | ZAC24.01 Million | — |