Sappi Ltd (SAP) — Working Capital to Net Assets Ratio
Sappi Ltd (SAP) has a Working Capital to Net Assets ratio of 10.6% as of December 2025. Working capital of ZAC246.56 Million (current assets of ZAC1.60 Billion minus current liabilities of ZAC1.36 Billion) is measured against net assets of ZAC2.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Sappi Ltd net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sappi Ltd Working Capital to Net Assets (1998–2025)
This chart shows how Sappi Ltd's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 10.6%, reflecting working capital of ZAC246.56 Million against net assets of ZAC2.32 Billion ZAC. Check SAP tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Sappi Ltd (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sappi Ltd from 1998 to 2025, covering 28 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 SAP company net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 12.3% | ZAC285.00 Million | ZAC2.31 Billion | ZAC1.74 Billion | ZAC1.46 Billion | ▼ -13.6 pp |
| 2024 | 26.0% | ZAC669.00 Million | ZAC2.58 Billion | ZAC2.00 Billion | ZAC1.33 Billion | ▼ -4.2 pp |
| 2023 | 30.2% | ZAC738.00 Million | ZAC2.44 Billion | ZAC2.05 Billion | ZAC1.32 Billion | ▼ -23.9 pp |
| 2022 | 54.1% | ZAC1.27 Billion | ZAC2.36 Billion | ZAC2.80 Billion | ZAC1.52 Billion | ▲ +22.5 pp |
| 2021 | 31.6% | ZAC622.00 Million | ZAC1.97 Billion | ZAC1.93 Billion | ZAC1.31 Billion | ▲ +4.6 pp |
| 2020 | 27.0% | ZAC441.00 Million | ZAC1.63 Billion | ZAC1.56 Billion | ZAC1.12 Billion | ▼ -4.8 pp |
| 2019 | 31.8% | ZAC620.00 Million | ZAC1.95 Billion | ZAC1.83 Billion | ZAC1.21 Billion | ▼ -5.7 pp |
| 2018 | 37.5% | ZAC731.00 Million | ZAC1.95 Billion | ZAC1.90 Billion | ZAC1.17 Billion | ▼ -9.7 pp |
| 2017 | 47.3% | ZAC826.00 Million | ZAC1.75 Billion | ZAC1.87 Billion | ZAC1.04 Billion | ▲ +8.7 pp |
| 2016 | 38.6% | ZAC532.00 Million | ZAC1.38 Billion | ZAC2.01 Billion | ZAC1.47 Billion | ▼ -22.5 pp |
| 2015 | 61.1% | ZAC620.00 Million | ZAC1.01 Billion | ZAC1.71 Billion | ZAC1.09 Billion | ▼ -9.5 pp |
| 2014 | 70.6% | ZAC737.00 Million | ZAC1.04 Billion | ZAC1.96 Billion | ZAC1.22 Billion | ▲ +11.8 pp |
| 2013 | 58.8% | ZAC673.00 Million | ZAC1.14 Billion | ZAC1.88 Billion | ZAC1.21 Billion | ▲ +2.2 pp |
| 2012 | 56.6% | ZAC863.00 Million | ZAC1.52 Billion | ZAC2.18 Billion | ZAC1.31 Billion | ▲ +18.0 pp |
| 2011 | 38.6% | ZAC571.00 Million | ZAC1.48 Billion | ZAC2.22 Billion | ZAC1.65 Billion | ▲ +12.7 pp |
| 2010 | 25.9% | ZAC492.00 Million | ZAC1.90 Billion | ZAC2.53 Billion | ZAC2.04 Billion | ▼ -6.9 pp |
| 2009 | 32.8% | ZAC589.00 Million | ZAC1.79 Billion | ZAC2.43 Billion | ZAC1.84 Billion | ▲ +46.9 pp |
| 2008 | -14.0% | ZAC-225.00 Million | ZAC1.60 Billion | ZAC1.70 Billion | ZAC1.93 Billion | ▼ -4.1 pp |
| 2007 | -9.9% | ZAC-180.00 Million | ZAC1.82 Billion | ZAC1.74 Billion | ZAC1.92 Billion | ▲ +0.6 pp |
| 2006 | -10.5% | ZAC-146.00 Million | ZAC1.39 Billion | ZAC1.52 Billion | ZAC1.67 Billion | ▼ -4.7 pp |
| 2005 | -5.8% | ZAC-109.00 Million | ZAC1.88 Billion | ZAC1.38 Billion | ZAC1.49 Billion | ▼ -8.4 pp |
| 2004 | 2.6% | ZAC56.00 Million | ZAC2.12 Billion | ZAC1.58 Billion | ZAC1.52 Billion | ▼ -9.8 pp |
| 2003 | 12.5% | ZAC244.00 Million | ZAC1.96 Billion | ZAC1.57 Billion | ZAC1.33 Billion | ▲ +7.8 pp |
| 2002 | 4.6% | ZAC74.00 Million | ZAC1.60 Billion | ZAC1.00 Billion | ZAC928.00 Million | ▲ +17.9 pp |
| 2001 | -13.3% | ZAC-200.00 Million | ZAC1.51 Billion | ZAC1.16 Billion | ZAC1.36 Billion | ▼ -13.8 pp |
| 2000 | 0.5% | ZAC9.00 Million | ZAC1.68 Billion | ZAC1.16 Billion | ZAC1.15 Billion | ▲ +31.7 pp |
| 1999 | -31.2% | ZAC-535.10 Million | ZAC1.71 Billion | ZAC1.15 Billion | ZAC1.69 Billion | ▼ -32.4 pp |
| 1998 | 1.2% | ZAC28.50 Million | ZAC2.37 Billion | ZAC1.54 Billion | ZAC1.51 Billion | — |