Santam (SNT) — Working Capital to Net Assets Ratio
Santam (SNT) has a Working Capital to Net Assets ratio of -176.6% as of December 2025. Working capital of ZAC-29.28 Billion (current assets of ZAC13.39 Billion minus current liabilities of ZAC42.66 Billion) is measured against net assets of ZAC16.58 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SNT financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Santam Working Capital to Net Assets (2002–2025)
This chart shows how Santam's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at -176.6%, reflecting working capital of ZAC-29.28 Billion against net assets of ZAC16.58 Billion ZAC. See SNT defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Santam (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Santam 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 Santam market cap and net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -176.6% | ZAC-29.28 Billion | ZAC16.58 Billion | ZAC13.39 Billion | ZAC42.66 Billion | ▼ -9.4 pp |
| 2024 | -167.2% | ZAC-23.53 Billion | ZAC14.07 Billion | ZAC19.24 Billion | ZAC42.77 Billion | ▼ -36.9 pp |
| 2023 | -130.3% | ZAC-14.86 Billion | ZAC11.41 Billion | ZAC29.83 Billion | ZAC44.69 Billion | ▼ -117.2 pp |
| 2022 | -13.1% | ZAC-1.52 Billion | ZAC11.60 Billion | ZAC5.39 Billion | ZAC6.91 Billion | ▼ -10.2 pp |
| 2021 | -2.9% | ZAC-355.00 Million | ZAC12.06 Billion | ZAC4.50 Billion | ZAC4.85 Billion | ▲ +4.1 pp |
| 2020 | -7.0% | ZAC-706.00 Million | ZAC10.09 Billion | ZAC4.38 Billion | ZAC5.09 Billion | ▼ -0.7 pp |
| 2019 | -6.3% | ZAC-638.00 Million | ZAC10.06 Billion | ZAC4.64 Billion | ZAC5.28 Billion | ▲ +18.3 pp |
| 2018 | -24.6% | ZAC-2.30 Billion | ZAC9.37 Billion | ZAC3.62 Billion | ZAC5.92 Billion | ▼ -16.6 pp |
| 2017 | -8.0% | ZAC-632.00 Million | ZAC7.92 Billion | ZAC4.32 Billion | ZAC4.95 Billion | ▼ -10.1 pp |
| 2016 | 2.1% | ZAC155.00 Million | ZAC7.34 Billion | ZAC4.25 Billion | ZAC4.09 Billion | ▼ -23.8 pp |
| 2015 | 26.0% | ZAC2.22 Billion | ZAC8.55 Billion | ZAC5.63 Billion | ZAC3.41 Billion | ▲ +2.6 pp |
| 2014 | 23.3% | ZAC1.74 Billion | ZAC7.44 Billion | ZAC4.45 Billion | ZAC2.72 Billion | ▲ +4.9 pp |
| 2013 | 18.5% | ZAC1.21 Billion | ZAC6.53 Billion | ZAC3.77 Billion | ZAC2.56 Billion | ▼ -8.3 pp |
| 2012 | 26.7% | ZAC1.50 Billion | ZAC5.62 Billion | ZAC3.39 Billion | ZAC1.89 Billion | ▼ -18.9 pp |
| 2011 | 45.6% | ZAC2.80 Billion | ZAC6.14 Billion | ZAC4.63 Billion | ZAC1.83 Billion | ▼ -28.9 pp |
| 2010 | 74.5% | ZAC3.89 Billion | ZAC5.22 Billion | ZAC5.78 Billion | ZAC1.89 Billion | ▼ -13.8 pp |
| 2009 | 88.3% | ZAC4.36 Billion | ZAC4.94 Billion | ZAC5.93 Billion | ZAC1.57 Billion | ▲ +15.7 pp |
| 2008 | 72.7% | ZAC3.20 Billion | ZAC4.40 Billion | ZAC5.03 Billion | ZAC1.83 Billion | ▲ +25.9 pp |
| 2007 | 46.7% | ZAC1.95 Billion | ZAC4.18 Billion | ZAC3.44 Billion | ZAC1.49 Billion | ▼ -11.5 pp |
| 2006 | 58.2% | ZAC3.93 Billion | ZAC6.75 Billion | ZAC5.14 Billion | ZAC1.21 Billion | ▼ -3.0 pp |
| 2005 | 61.2% | ZAC3.58 Billion | ZAC5.85 Billion | ZAC4.93 Billion | ZAC1.34 Billion | ▲ +3.0 pp |
| 2004 | 58.2% | ZAC3.18 Billion | ZAC5.46 Billion | ZAC3.93 Billion | ZAC747.00 Million | ▼ -0.7 pp |
| 2003 | 58.9% | ZAC2.36 Billion | ZAC4.01 Billion | ZAC3.20 Billion | ZAC840.75 Million | ▲ +5.4 pp |
| 2002 | 53.6% | ZAC1.83 Billion | ZAC3.41 Billion | ZAC2.27 Billion | ZAC443.45 Million | — |