Thungela Resources Limited (TGA) — Working Capital to Net Assets Ratio
Thungela Resources Limited (TGA) has a Working Capital to Net Assets ratio of 36.0% as of December 2025. Working capital of ZAC5.83 Billion (current assets of ZAC13.87 Billion minus current liabilities of ZAC8.04 Billion) is measured against net assets of ZAC16.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TGA FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thungela Resources Limited Working Capital to Net Assets (2017–2025)
This chart shows how Thungela Resources Limited's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 36.0%, reflecting working capital of ZAC5.83 Billion against net assets of ZAC16.18 Billion ZAC. See Thungela Resources Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Thungela Resources Limited (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thungela Resources Limited 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 TGA market cap.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.0% | ZAC5.83 Billion | ZAC16.18 Billion | ZAC13.87 Billion | ZAC8.04 Billion | ▼ -4.5 pp |
| 2024 | 40.5% | ZAC10.58 Billion | ZAC26.10 Billion | ZAC18.78 Billion | ZAC8.20 Billion | ▼ -4.0 pp |
| 2023 | 44.5% | ZAC10.96 Billion | ZAC24.60 Billion | ZAC19.64 Billion | ZAC8.69 Billion | ▼ -26.0 pp |
| 2022 | 70.5% | ZAC18.45 Billion | ZAC26.16 Billion | ZAC23.80 Billion | ZAC5.35 Billion | ▲ +5.0 pp |
| 2021 | 65.6% | ZAC12.11 Billion | ZAC18.47 Billion | ZAC16.37 Billion | ZAC4.26 Billion | ▲ +46.6 pp |
| 2020 | 19.0% | ZAC1.58 Billion | ZAC8.32 Billion | ZAC7.50 Billion | ZAC5.93 Billion | ▲ +18.0 pp |
| 2019 | 0.9% | ZAC62.00 Million | ZAC6.67 Billion | ZAC4.89 Billion | ZAC4.83 Billion | ▼ -0.4 pp |
| 2018 | 1.4% | ZAC145.00 Million | ZAC10.72 Billion | ZAC4.89 Billion | ZAC4.74 Billion | ▲ +4.3 pp |
| 2017 | -2.9% | ZAC-314.00 Million | ZAC10.78 Billion | ZAC5.75 Billion | ZAC6.07 Billion | — |