SMU S.A (SMU) — Working Capital to Net Assets Ratio
SMU S.A (SMU) has a Working Capital to Net Assets ratio of -24.5% as of March 2026. Working capital of CL$-202.27 Billion (current assets of CL$418.78 Billion minus current liabilities of CL$621.04 Billion) is measured against net assets of CL$824.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of SMU S.A to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SMU S.A Working Capital to Net Assets (2017–2025)
This chart shows how SMU S.A's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of March 2026, the ratio stands at -24.5%, reflecting working capital of CL$-202.27 Billion against net assets of CL$824.14 Billion CLP. For the complete balance sheet picture, see balance sheet size of SMU S.A.
Annual Working Capital to Net Assets for SMU S.A (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for SMU S.A from 2017 to 2025, covering 9 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check SMU asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CLP) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -19.5% | CL$-161.32 Billion | CL$825.36 Billion | CL$428.86 Billion | CL$590.18 Billion | ▼ -2.0 pp |
| 2024 | -17.6% | CL$-142.74 Billion | CL$812.18 Billion | CL$540.72 Billion | CL$683.46 Billion | ▲ +0.8 pp |
| 2023 | -18.4% | CL$-149.73 Billion | CL$813.05 Billion | CL$501.11 Billion | CL$650.84 Billion | ▲ +1.3 pp |
| 2022 | -19.7% | CL$-155.20 Billion | CL$787.33 Billion | CL$497.23 Billion | CL$652.44 Billion | ▼ -6.6 pp |
| 2021 | -13.1% | CL$-98.35 Billion | CL$752.76 Billion | CL$528.26 Billion | CL$626.61 Billion | ▲ +0.0 pp |
| 2020 | -13.1% | CL$-94.70 Billion | CL$724.52 Billion | CL$509.49 Billion | CL$604.20 Billion | ▲ +14.5 pp |
| 2019 | -27.5% | CL$-198.68 Billion | CL$721.42 Billion | CL$362.13 Billion | CL$560.81 Billion | ▼ -3.1 pp |
| 2018 | -24.4% | CL$-169.75 Billion | CL$695.28 Billion | CL$372.24 Billion | CL$541.99 Billion | ▼ -11.7 pp |
| 2017 | -12.7% | CL$-75.29 Billion | CL$592.77 Billion | CL$495.42 Billion | CL$570.71 Billion | — |