Tiger Brands Ltd (TBS) — Working Capital to Net Assets Ratio
Tiger Brands Ltd (TBS) has a Working Capital to Net Assets ratio of 46.9% as of September 2025. Working capital of ZAC8.09 Billion (current assets of ZAC17.06 Billion minus current liabilities of ZAC8.97 Billion) is measured against net assets of ZAC17.24 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tiger Brands Ltd (TBS) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tiger Brands Ltd Working Capital to Net Assets (2001–2025)
This chart shows how Tiger Brands Ltd's Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of September 2025, the ratio stands at 46.9%, reflecting working capital of ZAC8.09 Billion against net assets of ZAC17.24 Billion ZAC. Check TBS goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tiger Brands Ltd (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tiger Brands Ltd from 2001 to 2025, covering 25 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 Tiger Brands Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 46.9% | ZAC8.09 Billion | ZAC17.24 Billion | ZAC17.06 Billion | ZAC8.97 Billion | ▲ +13.9 pp |
| 2024 | 33.0% | ZAC6.01 Billion | ZAC18.20 Billion | ZAC13.34 Billion | ZAC7.34 Billion | ▼ -2.6 pp |
| 2023 | 35.6% | ZAC6.16 Billion | ZAC17.30 Billion | ZAC12.92 Billion | ZAC6.76 Billion | ▲ +5.3 pp |
| 2022 | 30.3% | ZAC4.76 Billion | ZAC15.69 Billion | ZAC12.20 Billion | ZAC7.44 Billion | ▼ -3.9 pp |
| 2021 | 34.2% | ZAC5.38 Billion | ZAC15.70 Billion | ZAC11.36 Billion | ZAC5.98 Billion | ▼ -3.6 pp |
| 2020 | 37.9% | ZAC5.98 Billion | ZAC15.79 Billion | ZAC11.45 Billion | ZAC5.47 Billion | ▲ +2.4 pp |
| 2019 | 35.5% | ZAC5.46 Billion | ZAC15.41 Billion | ZAC11.24 Billion | ZAC5.77 Billion | ▲ +4.8 pp |
| 2018 | 30.7% | ZAC5.36 Billion | ZAC17.47 Billion | ZAC10.76 Billion | ZAC5.40 Billion | ▲ +0.9 pp |
| 2017 | 29.8% | ZAC5.08 Billion | ZAC17.06 Billion | ZAC11.03 Billion | ZAC5.95 Billion | ▲ +1.1 pp |
| 2016 | 28.6% | ZAC4.59 Billion | ZAC16.03 Billion | ZAC11.10 Billion | ZAC6.51 Billion | ▲ +9.8 pp |
| 2015 | 18.9% | ZAC2.60 Billion | ZAC13.78 Billion | ZAC11.62 Billion | ZAC9.02 Billion | ▲ +9.1 pp |
| 2014 | 9.7% | ZAC1.36 Billion | ZAC13.95 Billion | ZAC10.73 Billion | ZAC9.37 Billion | ▼ -2.6 pp |
| 2013 | 12.3% | ZAC1.72 Billion | ZAC13.91 Billion | ZAC10.74 Billion | ZAC9.03 Billion | ▼ -9.6 pp |
| 2012 | 21.9% | ZAC2.56 Billion | ZAC11.70 Billion | ZAC7.78 Billion | ZAC5.22 Billion | ▲ +2.8 pp |
| 2011 | 19.1% | ZAC1.96 Billion | ZAC10.25 Billion | ZAC6.69 Billion | ZAC4.74 Billion | ▼ -18.0 pp |
| 2010 | 37.1% | ZAC3.19 Billion | ZAC8.60 Billion | ZAC6.70 Billion | ZAC3.50 Billion | ▼ -1.5 pp |
| 2009 | 38.6% | ZAC2.81 Billion | ZAC7.28 Billion | ZAC6.25 Billion | ZAC3.44 Billion | ▲ +11.1 pp |
| 2008 | 27.5% | ZAC1.71 Billion | ZAC6.22 Billion | ZAC7.03 Billion | ZAC5.32 Billion | ▼ -14.4 pp |
| 2007 | 41.9% | ZAC2.51 Billion | ZAC6.00 Billion | ZAC7.49 Billion | ZAC4.98 Billion | ▲ +2.0 pp |
| 2006 | 39.9% | ZAC1.86 Billion | ZAC4.65 Billion | ZAC5.87 Billion | ZAC4.02 Billion | ▼ -8.2 pp |
| 2005 | 48.1% | ZAC1.62 Billion | ZAC3.37 Billion | ZAC5.74 Billion | ZAC4.12 Billion | ▲ +15.3 pp |
| 2004 | 32.7% | ZAC1.37 Billion | ZAC4.18 Billion | ZAC7.26 Billion | ZAC5.89 Billion | ▼ -22.9 pp |
| 2003 | 55.6% | ZAC1.93 Billion | ZAC3.47 Billion | ZAC6.65 Billion | ZAC4.72 Billion | ▼ -5.8 pp |
| 2002 | 61.4% | ZAC1.75 Billion | ZAC2.85 Billion | ZAC6.41 Billion | ZAC4.66 Billion | ▼ -16.4 pp |
| 2001 | 77.8% | ZAC1.41 Billion | ZAC1.81 Billion | ZAC6.08 Billion | ZAC4.68 Billion | — |