
Sasol Limited Balance Sheet 2025-2011 | SSL
Brief overview of Sasol Limited's balance sheet strength
The comparison uses five available annual reports from the 2015–2019 interval.
Assets increased from 323.6 billion ZAR to 470 billion ZAR, or +45.2%; CAGR of about 9.8% indicates steady balance sheet expansion.
Liabilities grew faster than assets: +92.1% versus +45.2%. A substantial part of expansion was externally funded.
The equity ratio is 48% versus five periods ago. Capitalization remains workable.
Net debt equals roughly 0.51x of equity. This is a moderate load and leaves room for maneuver.
Retained earnings stand at 181.7 billion ZAR; the five-period change was +12.8%. This reflects accumulated business performance.
Balance sheet takeaway
Sasol Limited's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Sasol Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-23.7 B | -27.9 B | -37.6 B | -27.1 B | -15.6 B | 115 B | 115 B | 89.1 B | 56.5 B | 30.2 B | -5.41 B | -10.7 B | -466 M | 3.38 B | 1.45 B |
Long Term Debt |
15.2 B | 15.2 B | 14.4 B | 14.3 B | 13.9 B | 148 B | 127 B | 89.4 B | 74.3 B | 78 B | 39.3 B | 23.4 B | 22.4 B | 12.8 B | 14.4 B |
Long Term Debt Current |
2.18 B | 2.26 B | 1.92 B | 1.77 B | 1.77 B | 1.89 B | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
133 B | 151 B | 130 B | 135 B | 151 B | 227 B | 195 B | 151 B | 130 B | 137 B | 85.8 B | 66.5 B | 60.1 B | 44.6 B | 40.4 B |
Total Liabilities |
- | - | - | - | - | - | 244 B | 211 B | 182 B | 178 B | 127 B | 105 B | 96.2 B | 75.4 B | 67.6 B |
Deferred Revenue |
- | - | - | - | - | - | 210 M | 220 M | 282 M | 170 M | 397 M | 101 M | 1.17 B | 737 M | 885 M |
Retained Earnings |
- | - | - | - | - | - | 182 B | 184 B | 177 B | 165 B | 161 B | 144 B | 128 B | 113 B | 98.6 B |
Total Assets |
360 B | 365 B | 434 B | 420 B | 361 B | 479 B | 470 B | 439 B | 399 B | 391 B | 324 B | 280 B | 249 B | 204 B | 178 B |
Cash and Cash Equivalents |
41 B | 45.4 B | 53.9 B | 43.1 B | 31.2 B | 34.7 B | 15.9 B | 17.1 B | - | - | - | - | - | - | - |
Book Value |
360 B | 365 B | 434 B | 420 B | 361 B | 479 B | 226 B | 229 B | 217 B | 212 B | 196 B | 175 B | 153 B | 128 B | 110 B |
Total Shareholders Equity |
158 B | 147 B | 202 B | 193 B | 152 B | 156 B | 226 B | 229 B | 217 B | 212 B | - | - | - | - | - |
All numbers in ZAR currency
Quarterly Balance Sheet Sasol Limited
| 2025-Q2 | 2024-Q2 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
15.2 B | 15.2 B | 14.4 B | - | - | 14.3 B | - | - | - | 13.9 B | - | 14.9 B | - | 15.8 B | - | 15.9 B | - | 7.44 B | - | 7.22 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
133 B | 151 B | 130 B | - | - | 135 B | - | - | - | 151 B | - | 179 B | - | 226 B | - | 200 B | - | 194 B | - | 179 B | - | 151 B | - | 135 B | - | 130 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | - | - | - | - | - | - | - | - | - | 87.6 B | - | - | - | 179 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
360 B | 365 B | 434 B | - | - | 420 B | - | - | - | 361 B | - | 398 B | - | 475 B | - | 486 B | - | 466 B | - | 472 B | - | 439 B | - | 407 B | - | 399 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
41 B | 45.4 B | 53.9 B | - | - | 43.1 B | - | - | - | 31.2 B | - | 27.8 B | - | 34.7 B | - | 12.7 B | - | 15.9 B | - | 15.9 B | - | 17.1 B | - | 16.5 B | - | 29.4 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
360 B | 365 B | 434 B | - | - | 420 B | - | - | - | 361 B | - | 398 B | - | 475 B | - | 486 B | - | 466 B | - | 472 B | - | 439 B | - | 407 B | - | 399 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
158 B | 147 B | 202 B | - | - | 193 B | - | - | - | 152 B | - | 161 B | - | 156 B | - | 229 B | - | 223 B | - | 242 B | - | 227 B | - | 217 B | - | 217 B | - | - | - | 212 B | - | - | - | 196 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in ZAR currency
Balance Sheet is a fundamental financial report of Sasol Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.