Airtel Africa Plc (AAF) — Working Capital to Net Assets Ratio
Airtel Africa Plc (AAF) has a Working Capital to Net Assets ratio of -66.4% as of December 2025. Working capital of GBX-2.13 Billion (current assets of GBX2.73 Billion minus current liabilities of GBX4.86 Billion) is measured against net assets of GBX3.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AAF equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Airtel Africa Plc Working Capital to Net Assets (2017–2025)
This chart shows how Airtel Africa Plc'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 -66.4%, reflecting working capital of GBX-2.13 Billion against net assets of GBX3.21 Billion GBX. Check Airtel Africa Plc (AAF) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Airtel Africa Plc (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Airtel Africa Plc 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 AAF market cap.
| Year | WC/NA Ratio | Working Capital (GBX) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -75.0% | GBX-2.08 Billion | GBX2.77 Billion | GBX2.16 Billion | GBX4.24 Billion | ▲ +1.3 pp |
| 2024 | -76.3% | GBX-1.75 Billion | GBX2.30 Billion | GBX2.29 Billion | GBX4.05 Billion | ▼ -32.3 pp |
| 2023 | -44.0% | GBX-1.67 Billion | GBX3.81 Billion | GBX1.90 Billion | GBX3.57 Billion | ▼ -14.5 pp |
| 2022 | -29.5% | GBX-1.08 Billion | GBX3.65 Billion | GBX2.00 Billion | GBX3.07 Billion | ▲ +18.2 pp |
| 2021 | -47.7% | GBX-1.60 Billion | GBX3.35 Billion | GBX1.91 Billion | GBX3.50 Billion | ▼ -22.8 pp |
| 2020 | -24.9% | GBX-817.00 Million | GBX3.28 Billion | GBX1.67 Billion | GBX2.49 Billion | ▲ +44.2 pp |
| 2019 | -69.1% | GBX-1.68 Billion | GBX2.43 Billion | GBX1.43 Billion | GBX3.11 Billion | ▼ -352.8 pp |
| 2018 | 283.7% | GBX-3.74 Billion | GBX-1.32 Billion | GBX959.00 Million | GBX4.70 Billion | ▲ +15.7 pp |
| 2017 | 267.9% | GBX-2.67 Billion | GBX-998.00 Million | GBX671.00 Million | GBX3.35 Billion | — |