Sibanye Stillwater Ltd (SSW) — Working Capital to Net Assets Ratio
Sibanye Stillwater Ltd (SSW) has a Working Capital to Net Assets ratio of 60.2% as of December 2025. Working capital of ZAC26.59 Billion (current assets of ZAC60.75 Billion minus current liabilities of ZAC34.16 Billion) is measured against net assets of ZAC44.17 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Sibanye Stillwater Ltd (SSW) 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
Sibanye Stillwater Ltd Working Capital to Net Assets (2011–2025)
This chart shows how Sibanye Stillwater Ltd's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at 60.2%, reflecting working capital of ZAC26.59 Billion against net assets of ZAC44.17 Billion ZAC. See SSW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Sibanye Stillwater Ltd (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sibanye Stillwater Ltd from 2011 to 2025, covering 15 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 SSW market cap.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 60.2% | ZAC26.59 Billion | ZAC44.17 Billion | ZAC60.75 Billion | ZAC34.16 Billion | ▲ +3.2 pp |
| 2024 | 57.1% | ZAC27.55 Billion | ZAC48.29 Billion | ZAC48.41 Billion | ZAC20.86 Billion | ▲ +7.8 pp |
| 2023 | 49.2% | ZAC25.41 Billion | ZAC51.61 Billion | ZAC61.82 Billion | ZAC36.41 Billion | ▲ +4.7 pp |
| 2022 | 44.6% | ZAC40.55 Billion | ZAC91.00 Billion | ZAC60.76 Billion | ZAC20.22 Billion | ▼ -9.9 pp |
| 2021 | 54.4% | ZAC44.29 Billion | ZAC81.34 Billion | ZAC64.83 Billion | ZAC20.54 Billion | ▲ +5.3 pp |
| 2020 | 49.1% | ZAC34.76 Billion | ZAC70.72 Billion | ZAC52.24 Billion | ZAC17.49 Billion | ▲ +11.1 pp |
| 2019 | 38.0% | ZAC11.84 Billion | ZAC31.14 Billion | ZAC26.16 Billion | ZAC14.33 Billion | ▲ +35.7 pp |
| 2018 | 2.3% | ZAC562.70 Million | ZAC24.72 Billion | ZAC15.20 Billion | ZAC14.63 Billion | ▼ -12.6 pp |
| 2017 | 14.9% | ZAC3.57 Billion | ZAC24.00 Billion | ZAC12.00 Billion | ZAC8.44 Billion | ▲ +6.1 pp |
| 2016 | 8.8% | ZAC1.47 Billion | ZAC16.70 Billion | ZAC7.70 Billion | ZAC6.24 Billion | ▲ +26.1 pp |
| 2015 | -17.3% | ZAC-2.60 Billion | ZAC14.98 Billion | ZAC2.75 Billion | ZAC5.35 Billion | ▼ -6.5 pp |
| 2014 | -10.9% | ZAC-1.63 Billion | ZAC14.99 Billion | ZAC1.94 Billion | ZAC3.57 Billion | ▼ -4.6 pp |
| 2013 | -6.3% | ZAC-706.46 Million | ZAC11.21 Billion | ZAC3.02 Billion | ZAC3.72 Billion | ▼ -213.7 pp |
| 2012 | 207.3% | ZAC-16.96 Billion | ZAC-8.18 Billion | ZAC1.84 Billion | ZAC18.80 Billion | ▲ +1.6 pp |
| 2011 | 205.8% | ZAC-22.00 Billion | ZAC-10.69 Billion | ZAC1.83 Billion | ZAC23.83 Billion | — |