Vodacom Group Ltd (VOD) — Working Capital to Net Assets Ratio
Vodacom Group Ltd (VOD) has a Working Capital to Net Assets ratio of 7.2% as of March 2026. Working capital of ZAC7.72 Billion (current assets of ZAC86.50 Billion minus current liabilities of ZAC78.78 Billion) is measured against net assets of ZAC107.23 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VOD 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
Vodacom Group Ltd Working Capital to Net Assets (2004–2026)
This chart shows how Vodacom Group Ltd's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 7.2%, reflecting working capital of ZAC7.72 Billion against net assets of ZAC107.23 Billion ZAC. See Vodacom 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 Vodacom Group Ltd (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vodacom Group Ltd from 2004 to 2026, covering 23 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 VOD company net worth.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 7.2% | ZAC7.72 Billion | ZAC107.23 Billion | ZAC86.50 Billion | ZAC78.78 Billion | ▲ +7.5 pp |
| 2025 | -0.3% | ZAC-341.00 Million | ZAC103.65 Billion | ZAC75.66 Billion | ZAC76.00 Billion | ▲ +0.2 pp |
| 2024 | -0.5% | ZAC-534.00 Million | ZAC103.83 Billion | ZAC70.73 Billion | ZAC71.26 Billion | ▼ -2.0 pp |
| 2023 | 1.4% | ZAC1.40 Billion | ZAC97.43 Billion | ZAC65.79 Billion | ZAC64.39 Billion | ▲ +9.8 pp |
| 2022 | -8.4% | ZAC-7.15 Billion | ZAC85.47 Billion | ZAC50.52 Billion | ZAC57.67 Billion | ▼ -13.3 pp |
| 2021 | 4.9% | ZAC4.24 Billion | ZAC85.69 Billion | ZAC46.31 Billion | ZAC42.07 Billion | ▼ -6.1 pp |
| 2020 | 11.1% | ZAC11.08 Billion | ZAC100.07 Billion | ZAC47.83 Billion | ZAC36.75 Billion | ▲ +9.2 pp |
| 2019 | 1.8% | ZAC1.57 Billion | ZAC86.39 Billion | ZAC39.75 Billion | ZAC38.17 Billion | ▼ -1.3 pp |
| 2018 | 3.2% | ZAC2.24 Billion | ZAC70.65 Billion | ZAC34.82 Billion | ZAC32.58 Billion | ▼ -6.8 pp |
| 2017 | 10.0% | ZAC2.29 Billion | ZAC23.00 Billion | ZAC29.01 Billion | ZAC26.72 Billion | ▲ +1.9 pp |
| 2016 | 8.0% | ZAC1.85 Billion | ZAC23.02 Billion | ZAC27.62 Billion | ZAC25.77 Billion | ▲ +13.9 pp |
| 2015 | -5.8% | ZAC-1.26 Billion | ZAC21.64 Billion | ZAC25.35 Billion | ZAC26.61 Billion | ▲ +3.4 pp |
| 2014 | -9.3% | ZAC-2.20 Billion | ZAC23.74 Billion | ZAC22.79 Billion | ZAC24.99 Billion | ▲ +7.7 pp |
| 2013 | -17.0% | ZAC-3.60 Billion | ZAC21.22 Billion | ZAC21.16 Billion | ZAC24.75 Billion | ▼ -12.6 pp |
| 2012 | -4.3% | ZAC-816.00 Million | ZAC18.93 Billion | ZAC17.55 Billion | ZAC18.37 Billion | ▲ +14.6 pp |
| 2011 | -18.9% | ZAC-3.06 Billion | ZAC16.18 Billion | ZAC13.45 Billion | ZAC16.51 Billion | ▲ +0.9 pp |
| 2010 | -19.8% | ZAC-2.90 Billion | ZAC14.64 Billion | ZAC12.56 Billion | ZAC15.46 Billion | ▲ +44.4 pp |
| 2009 | -64.2% | ZAC-9.70 Billion | ZAC15.10 Billion | ZAC12.13 Billion | ZAC21.83 Billion | ▲ +2.5 pp |
| 2008 | -66.7% | ZAC-7.87 Billion | ZAC11.81 Billion | ZAC9.71 Billion | ZAC17.58 Billion | ▲ +9.8 pp |
| 2007 | -76.6% | ZAC-7.39 Billion | ZAC9.65 Billion | ZAC7.63 Billion | ZAC15.01 Billion | ▼ -16.9 pp |
| 2006 | -59.6% | ZAC-5.17 Billion | ZAC8.67 Billion | ZAC8.69 Billion | ZAC13.86 Billion | ▼ -24.5 pp |
| 2005 | -35.1% | ZAC-2.77 Billion | ZAC7.89 Billion | ZAC8.71 Billion | ZAC11.47 Billion | ▲ +3.4 pp |
| 2004 | -38.5% | ZAC-2.93 Billion | ZAC7.60 Billion | ZAC7.32 Billion | ZAC10.25 Billion | — |