Vodacom Group Ltd (VOD) — Working Capital to Net Assets Ratio
Vodacom Group Ltd (VOD) has a Working Capital to Net Assets ratio of 8.4% as of September 2025. Working capital of ZAC8.66 Billion (current assets of ZAC81.27 Billion minus current liabilities of ZAC72.62 Billion) is measured against net assets of ZAC103.28 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Vodacom Group Ltd net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vodacom Group Ltd Working Capital to Net Assets (2004–2025)
This chart shows how Vodacom Group Ltd'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 8.4%, reflecting working capital of ZAC8.66 Billion against net assets of ZAC103.28 Billion ZAC. Check VOD intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vodacom Group Ltd (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vodacom Group Ltd 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 market cap of Vodacom Group Ltd.
| Year | WC/NA Ratio | Working Capital (ZAC) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |