São Martinho S.A (SMTO3) — Working Capital to Net Assets Ratio
São Martinho S.A (SMTO3) has a Working Capital to Net Assets ratio of 60.9% as of March 2026. Working capital of R$4.48 Billion (current assets of R$7.25 Billion minus current liabilities of R$2.76 Billion) is measured against net assets of R$7.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of São Martinho S.A to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
São Martinho S.A Working Capital to Net Assets (2004–2026)
This chart shows how São Martinho S.A'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 60.9%, reflecting working capital of R$4.48 Billion against net assets of R$7.36 Billion BRL. For the complete balance sheet picture, see balance sheet size of São Martinho S.A.
Annual Working Capital to Net Assets for São Martinho S.A (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for São Martinho S.A 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. Check São Martinho S.A (SMTO3) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 60.9% | R$4.48 Billion | R$7.36 Billion | R$7.25 Billion | R$2.76 Billion | ▲ +5.4 pp |
| 2025 | 55.5% | R$3.72 Billion | R$6.70 Billion | R$6.31 Billion | R$2.59 Billion | ▲ +6.3 pp |
| 2024 | 49.2% | R$3.37 Billion | R$6.86 Billion | R$6.23 Billion | R$2.85 Billion | ▼ -2.8 pp |
| 2023 | 52.0% | R$3.07 Billion | R$5.91 Billion | R$5.69 Billion | R$2.62 Billion | ▼ -11.6 pp |
| 2022 | 63.5% | R$3.38 Billion | R$5.32 Billion | R$5.55 Billion | R$2.18 Billion | ▼ -29.6 pp |
| 2021 | 93.1% | R$3.71 Billion | R$3.99 Billion | R$5.55 Billion | R$1.84 Billion | ▲ +49.2 pp |
| 2020 | 43.9% | R$1.47 Billion | R$3.35 Billion | R$3.21 Billion | R$1.74 Billion | ▼ -14.9 pp |
| 2019 | 58.8% | R$2.00 Billion | R$3.39 Billion | R$3.25 Billion | R$1.26 Billion | ▲ +14.3 pp |
| 2018 | 44.6% | R$1.47 Billion | R$3.29 Billion | R$2.69 Billion | R$1.22 Billion | ▲ +30.1 pp |
| 2017 | 14.5% | R$493.22 Million | R$3.40 Billion | R$2.48 Billion | R$1.99 Billion | ▼ -18.6 pp |
| 2016 | 33.1% | R$875.77 Million | R$2.65 Billion | R$2.09 Billion | R$1.22 Billion | ▲ +20.5 pp |
| 2015 | 12.6% | R$329.71 Million | R$2.63 Billion | R$1.75 Billion | R$1.42 Billion | ▲ +4.4 pp |
| 2014 | 8.1% | R$168.69 Million | R$2.08 Billion | R$862.66 Million | R$693.97 Million | ▼ -8.4 pp |
| 2013 | 16.5% | R$346.10 Million | R$2.10 Billion | R$847.07 Million | R$500.98 Million | ▲ +9.4 pp |
| 2012 | 7.1% | R$143.66 Million | R$2.02 Billion | R$495.60 Million | R$351.94 Million | ▲ +0.3 pp |
| 2011 | 6.8% | R$133.20 Million | R$1.95 Billion | R$474.06 Million | R$340.86 Million | ▲ +10.4 pp |
| 2010 | -3.5% | R$-67.62 Million | R$1.91 Billion | R$413.60 Million | R$481.21 Million | ▼ -6.2 pp |
| 2009 | 2.7% | R$42.48 Million | R$1.58 Billion | R$601.99 Million | R$559.51 Million | ▼ -2.4 pp |
| 2008 | 5.1% | R$84.93 Million | R$1.66 Billion | R$397.74 Million | R$312.81 Million | ▼ -17.7 pp |
| 2007 | 22.8% | R$383.57 Million | R$1.68 Billion | R$601.43 Million | R$217.86 Million | ▲ +9.9 pp |
| 2006 | 13.0% | R$47.18 Million | R$363.33 Million | R$114.39 Million | R$67.20 Million | ▲ +4.4 pp |
| 2005 | 8.6% | R$31.10 Million | R$362.86 Million | R$100.02 Million | R$68.92 Million | ▼ -5.7 pp |
| 2004 | 14.2% | R$50.69 Million | R$356.20 Million | R$115.97 Million | R$65.28 Million | — |