Tsogo Sun (TSG) — Working Capital to Net Assets Ratio
Tsogo Sun (TSG) has a Working Capital to Net Assets ratio of -9.2% as of September 2025. Working capital of ZAC-513.00 Million (current assets of ZAC1.36 Billion minus current liabilities of ZAC1.88 Billion) is measured against net assets of ZAC5.56 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tsogo Sun free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tsogo Sun Working Capital to Net Assets (2004–2025)
This chart shows how Tsogo Sun's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at -9.2%, reflecting working capital of ZAC-513.00 Million against net assets of ZAC5.56 Billion ZAC. See TSG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tsogo Sun (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tsogo Sun from 2004 to 2025, covering 22 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 Tsogo Sun (TSG) market capitalisation.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -22.5% | ZAC-1.17 Billion | ZAC5.17 Billion | ZAC1.01 Billion | ZAC2.17 Billion | ▼ -20.0 pp |
| 2024 | -2.5% | ZAC-122.00 Million | ZAC4.87 Billion | ZAC1.18 Billion | ZAC1.30 Billion | ▲ +1.3 pp |
| 2023 | -3.8% | ZAC-173.00 Million | ZAC4.61 Billion | ZAC1.12 Billion | ZAC1.29 Billion | ▲ +55.6 pp |
| 2022 | -59.3% | ZAC-1.94 Billion | ZAC3.27 Billion | ZAC1.43 Billion | ZAC3.37 Billion | ▼ -5.0 pp |
| 2021 | -54.4% | ZAC-861.00 Million | ZAC1.58 Billion | ZAC1.29 Billion | ZAC2.15 Billion | ▼ -32.9 pp |
| 2020 | -21.5% | ZAC-420.00 Million | ZAC1.96 Billion | ZAC3.75 Billion | ZAC4.17 Billion | ▼ -82.1 pp |
| 2019 | 60.7% | ZAC8.22 Billion | ZAC13.54 Billion | ZAC17.88 Billion | ZAC9.66 Billion | ▲ +66.3 pp |
| 2018 | -5.6% | ZAC-793.00 Million | ZAC14.19 Billion | ZAC3.86 Billion | ZAC4.65 Billion | ▲ +21.8 pp |
| 2017 | -27.4% | ZAC-3.68 Billion | ZAC13.46 Billion | ZAC3.38 Billion | ZAC7.06 Billion | ▼ -6.3 pp |
| 2016 | -21.0% | ZAC-1.88 Billion | ZAC8.95 Billion | ZAC3.41 Billion | ZAC5.29 Billion | ▲ +0.1 pp |
| 2015 | -21.1% | ZAC-1.62 Billion | ZAC7.69 Billion | ZAC3.86 Billion | ZAC5.48 Billion | ▼ -18.7 pp |
| 2014 | -2.4% | ZAC-255.00 Million | ZAC10.52 Billion | ZAC2.48 Billion | ZAC2.73 Billion | ▲ +11.5 pp |
| 2013 | -13.9% | ZAC-1.26 Billion | ZAC9.12 Billion | ZAC1.66 Billion | ZAC2.92 Billion | ▼ -6.8 pp |
| 2012 | -7.1% | ZAC-600.00 Million | ZAC8.45 Billion | ZAC2.11 Billion | ZAC2.71 Billion | ▲ +3.1 pp |
| 2011 | -10.2% | ZAC-809.80 Million | ZAC7.94 Billion | ZAC1.57 Billion | ZAC2.38 Billion | ▲ +34.9 pp |
| 2010 | -45.1% | ZAC-1.54 Billion | ZAC3.41 Billion | ZAC929.42 Million | ZAC2.47 Billion | ▼ -49.7 pp |
| 2009 | 4.5% | ZAC111.14 Million | ZAC2.45 Billion | ZAC499.07 Million | ZAC387.93 Million | ▲ +3.0 pp |
| 2008 | 1.5% | ZAC37.03 Million | ZAC2.46 Billion | ZAC425.12 Million | ZAC388.09 Million | ▲ +18.5 pp |
| 2007 | -17.0% | ZAC-236.05 Million | ZAC1.39 Billion | ZAC138.41 Million | ZAC374.46 Million | ▼ -20.4 pp |
| 2006 | 3.4% | ZAC38.76 Million | ZAC1.14 Billion | ZAC242.69 Million | ZAC203.93 Million | ▲ +6.7 pp |
| 2005 | -3.3% | ZAC-32.56 Million | ZAC975.58 Million | ZAC152.39 Million | ZAC184.96 Million | ▲ +16.7 pp |
| 2004 | -20.1% | ZAC-163.96 Million | ZAC816.47 Million | ZAC82.73 Million | ZAC246.68 Million | — |