SPAR Group Ltd (SPP) — Working Capital to Net Assets Ratio
SPAR Group Ltd (SPP) has a Working Capital to Net Assets ratio of -6.4% as of September 2025. Working capital of ZAC-339.40 Million (current assets of ZAC26.46 Billion minus current liabilities of ZAC26.80 Billion) is measured against net assets of ZAC5.31 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SPAR Group Ltd 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
SPAR Group Ltd Working Capital to Net Assets (2005–2025)
This chart shows how SPAR Group Ltd's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at -6.4%, reflecting working capital of ZAC-339.40 Million against net assets of ZAC5.31 Billion ZAC. See SPAR Group Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for SPAR Group Ltd (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for SPAR Group Ltd from 2005 to 2025, covering 21 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 SPP stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -6.4% | ZAC-339.40 Million | ZAC5.31 Billion | ZAC26.46 Billion | ZAC26.80 Billion | ▲ +24.5 pp |
| 2024 | -30.9% | ZAC-3.21 Billion | ZAC10.37 Billion | ZAC27.84 Billion | ZAC31.05 Billion | ▼ -13.7 pp |
| 2023 | -17.2% | ZAC-1.76 Billion | ZAC10.22 Billion | ZAC28.22 Billion | ZAC29.98 Billion | ▼ -13.9 pp |
| 2022 | -3.3% | ZAC-331.00 Million | ZAC10.01 Billion | ZAC25.99 Billion | ZAC26.32 Billion | ▼ -9.6 pp |
| 2021 | 6.3% | ZAC531.30 Million | ZAC8.38 Billion | ZAC23.65 Billion | ZAC23.12 Billion | ▲ +16.4 pp |
| 2020 | -10.0% | ZAC-791.70 Million | ZAC7.89 Billion | ZAC24.36 Billion | ZAC25.15 Billion | ▼ -32.3 pp |
| 2019 | 22.2% | ZAC1.66 Billion | ZAC7.47 Billion | ZAC19.84 Billion | ZAC18.18 Billion | ▼ -6.8 pp |
| 2018 | 29.1% | ZAC2.07 Billion | ZAC7.11 Billion | ZAC18.18 Billion | ZAC16.11 Billion | ▼ -8.7 pp |
| 2017 | 37.8% | ZAC2.49 Billion | ZAC6.58 Billion | ZAC16.77 Billion | ZAC14.29 Billion | ▼ -8.7 pp |
| 2016 | 46.5% | ZAC2.62 Billion | ZAC5.64 Billion | ZAC16.75 Billion | ZAC14.12 Billion | ▲ +33.7 pp |
| 2015 | 12.8% | ZAC425.50 Million | ZAC3.33 Billion | ZAC12.56 Billion | ZAC12.13 Billion | ▲ +2.9 pp |
| 2014 | 9.9% | ZAC300.60 Million | ZAC3.03 Billion | ZAC11.27 Billion | ZAC10.97 Billion | ▼ -22.2 pp |
| 2013 | 32.1% | ZAC1.02 Billion | ZAC3.18 Billion | ZAC7.40 Billion | ZAC6.38 Billion | ▲ +2.1 pp |
| 2012 | 30.0% | ZAC851.40 Million | ZAC2.84 Billion | ZAC7.67 Billion | ZAC6.82 Billion | ▲ +6.6 pp |
| 2011 | 23.4% | ZAC582.20 Million | ZAC2.49 Billion | ZAC6.18 Billion | ZAC5.60 Billion | ▲ +5.5 pp |
| 2010 | 17.9% | ZAC390.70 Million | ZAC2.19 Billion | ZAC5.52 Billion | ZAC5.13 Billion | ▲ +2.7 pp |
| 2009 | 15.1% | ZAC293.50 Million | ZAC1.94 Billion | ZAC4.68 Billion | ZAC4.39 Billion | ▲ +6.9 pp |
| 2008 | 8.3% | ZAC122.90 Million | ZAC1.49 Billion | ZAC4.28 Billion | ZAC4.16 Billion | ▲ +4.9 pp |
| 2007 | 3.3% | ZAC37.00 Million | ZAC1.11 Billion | ZAC3.81 Billion | ZAC3.78 Billion | ▼ -11.0 pp |
| 2006 | 14.3% | ZAC127.60 Million | ZAC892.40 Million | ZAC2.70 Billion | ZAC2.57 Billion | ▼ -6.7 pp |
| 2005 | 21.0% | ZAC157.50 Million | ZAC750.80 Million | ZAC2.05 Billion | ZAC1.89 Billion | — |