Acerinox (ACX) — Working Capital to Net Assets Ratio
Acerinox (ACX) has a Working Capital to Net Assets ratio of 68.9% as of March 2026. Working capital of €1.47 Billion (current assets of €3.30 Billion minus current liabilities of €1.83 Billion) is measured against net assets of €2.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Acerinox financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Acerinox Working Capital to Net Assets (2001–2025)
This chart shows how Acerinox's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2001 to 2025. As of March 2026, the ratio stands at 68.9%, reflecting working capital of €1.47 Billion against net assets of €2.14 Billion EUR. See ACX cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Acerinox (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Acerinox from 2001 to 2025, covering 24 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 Acerinox market cap and net worth.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 71.7% | €1.52 Billion | €2.13 Billion | €3.24 Billion | €1.71 Billion | ▼ -12.8 pp |
| 2024 | 84.5% | €2.18 Billion | €2.58 Billion | €4.05 Billion | €1.88 Billion | ▼ -13.7 pp |
| 2023 | 98.2% | €2.42 Billion | €2.46 Billion | €4.32 Billion | €1.90 Billion | ▲ +1.3 pp |
| 2022 | 96.9% | €2.47 Billion | €2.55 Billion | €4.42 Billion | €1.95 Billion | ▲ +8.9 pp |
| 2021 | 88.0% | €1.95 Billion | €2.21 Billion | €3.92 Billion | €1.97 Billion | ▲ +3.0 pp |
| 2020 | 85.0% | €1.37 Billion | €1.61 Billion | €2.66 Billion | €1.29 Billion | ▲ +20.2 pp |
| 2019 | 64.8% | €1.25 Billion | €1.93 Billion | €2.46 Billion | €1.21 Billion | ▲ +7.6 pp |
| 2018 | 57.2% | €1.21 Billion | €2.12 Billion | €2.47 Billion | €1.26 Billion | ▲ +7.8 pp |
| 2017 | 49.3% | €972.05 Million | €1.97 Billion | €2.26 Billion | €1.28 Billion | ▲ +3.1 pp |
| 2016 | 46.2% | €1.00 Billion | €2.17 Billion | €2.10 Billion | €1.10 Billion | ▲ +11.6 pp |
| 2015 | 34.7% | €701.37 Million | €2.02 Billion | €1.81 Billion | €1.11 Billion | ▼ -12.0 pp |
| 2014 | 46.6% | €865.36 Million | €1.86 Billion | €2.16 Billion | €1.29 Billion | ▲ +24.5 pp |
| 2013 | 22.1% | €343.77 Million | €1.55 Billion | €1.79 Billion | €1.45 Billion | ▼ -11.9 pp |
| 2012 | 34.0% | €582.96 Million | €1.71 Billion | €1.91 Billion | €1.32 Billion | ▲ +1.2 pp |
| 2011 | 32.9% | €618.07 Million | €1.88 Billion | €1.82 Billion | €1.20 Billion | ▼ -2.5 pp |
| 2010 | 35.4% | €680.37 Million | €1.92 Billion | €2.00 Billion | €1.32 Billion | ▲ +4.0 pp |
| 2009 | 31.4% | €550.53 Million | €1.75 Billion | €1.62 Billion | €1.07 Billion | ▼ -22.4 pp |
| 2008 | 53.8% | €1.09 Billion | €2.02 Billion | €1.88 Billion | €793.84 Million | ▼ -7.8 pp |
| 2007 | 61.7% | €1.42 Billion | €2.31 Billion | €2.88 Billion | €1.46 Billion | ▲ +10.1 pp |
| 2006 | 51.6% | €1.18 Billion | €2.28 Billion | €3.26 Billion | €2.08 Billion | ▲ +9.8 pp |
| 2005 | 41.8% | €856.56 Million | €2.05 Billion | €1.94 Billion | €1.09 Billion | ▲ +3.5 pp |
| 2004 | 38.3% | €733.91 Million | €1.92 Billion | €1.99 Billion | €1.25 Billion | ▼ -47.4 pp |
| 2003 | 85.7% | €1.51 Billion | €1.76 Billion | €1.58 Billion | €72.92 Million | ▲ +21.4 pp |
| 2001 | 64.3% | €809.01 Million | €1.26 Billion | €909.58 Million | €100.57 Million | — |