Spear REIT Ltd (SEA) — Working Capital to Net Assets Ratio
Spear REIT Ltd (SEA) has a Working Capital to Net Assets ratio of -11.4% as of February 2025. Working capital of ZAC-447.78 Million (current assets of ZAC207.90 Million minus current liabilities of ZAC655.68 Million) is measured against net assets of ZAC3.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Spear REIT Ltd (SEA) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spear REIT Ltd Working Capital to Net Assets (2017–2025)
This chart shows how Spear REIT Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of February 2025, the ratio stands at -11.4%, reflecting working capital of ZAC-447.78 Million against net assets of ZAC3.92 Billion ZAC. Check SEA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Spear REIT Ltd (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spear REIT 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 Spear REIT Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.4% | ZAC-447.78 Million | ZAC3.92 Billion | ZAC207.90 Million | ZAC655.68 Million | ▼ -16.1 pp |
| 2024 | 4.6% | ZAC142.77 Million | ZAC3.08 Billion | ZAC492.42 Million | ZAC349.65 Million | ▲ +5.1 pp |
| 2023 | -0.5% | ZAC-12.29 Million | ZAC2.61 Billion | ZAC461.62 Million | ZAC473.92 Million | ▼ -2.0 pp |
| 2022 | 1.5% | ZAC40.24 Million | ZAC2.67 Billion | ZAC117.09 Million | ZAC76.85 Million | ▲ +19.0 pp |
| 2021 | -17.5% | ZAC-419.21 Million | ZAC2.39 Billion | ZAC75.15 Million | ZAC494.36 Million | ▼ -10.1 pp |
| 2020 | -7.5% | ZAC-187.97 Million | ZAC2.52 Billion | ZAC48.04 Million | ZAC236.01 Million | ▼ -2.2 pp |
| 2019 | -5.2% | ZAC-122.89 Million | ZAC2.35 Billion | ZAC108.29 Million | ZAC231.18 Million | ▼ -7.7 pp |
| 2018 | 2.5% | ZAC49.06 Million | ZAC1.97 Billion | ZAC251.49 Million | ZAC202.43 Million | ▲ +1.2 pp |
| 2017 | 1.3% | ZAC12.88 Million | ZAC986.81 Million | ZAC41.14 Million | ZAC28.25 Million | — |