ArcelorMittal SA (MTS) — Working Capital to Net Assets Ratio

Latest as of March 2026: 14.8%

ArcelorMittal SA (MTS) has a Working Capital to Net Assets ratio of 14.8% as of March 2026. Working capital of €8.48 Billion (current assets of €30.50 Billion minus current liabilities of €22.01 Billion) is measured against net assets of €57.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ArcelorMittal SA (MTS) defensive interval to measure how many days the company can operate on defensive assets alone.

WC/NA Ratio

14.8%
Working Capital / Net Assets

Working Capital

€8.48 Billion
EUR

Current Assets

€30.50 Billion
EUR

Current Liabilities

€22.01 Billion
EUR

ArcelorMittal SA Working Capital to Net Assets (1997–2025)

This chart shows how ArcelorMittal SA's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 14.8%, reflecting working capital of €8.48 Billion against net assets of €57.21 Billion EUR. For the complete balance sheet picture, see MTS asset base.

Annual Working Capital to Net Assets for ArcelorMittal SA (1997–2025)

The table below presents the year-by-year Working Capital to Net Assets ratio for ArcelorMittal SA from 1997 to 2025, covering 29 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 MTS financial resilience to evaluate the company's liquid asset resilience ratio.

Year WC/NA Ratio Working Capital (EUR) Net Assets Current Assets Current Liabilities Change (pp)
2025 14.3% €8.09 Billion €56.54 Billion €30.61 Billion €22.52 Billion ▼ -0.4 pp
2024 14.7% €7.56 Billion €51.29 Billion €29.38 Billion €21.82 Billion ▼ -5.7 pp
2023 20.5% €11.47 Billion €56.07 Billion €33.24 Billion €21.77 Billion ▼ -6.0 pp
2022 26.5% €14.72 Billion €55.59 Billion €37.12 Billion €22.40 Billion ▲ +5.5 pp
2021 21.0% €10.77 Billion €51.34 Billion €34.94 Billion €24.17 Billion ▲ +7.8 pp
2020 13.2% €5.31 Billion €40.24 Billion €27.97 Billion €22.67 Billion ▼ -4.9 pp
2019 18.1% €7.33 Billion €40.48 Billion €28.62 Billion €21.29 Billion ▼ -2.3 pp
2018 20.4% €9.02 Billion €44.11 Billion €32.48 Billion €23.45 Billion ▲ +7.4 pp
2017 13.1% €5.33 Billion €40.85 Billion €26.75 Billion €21.41 Billion ▲ +0.3 pp
2016 12.8% €4.13 Billion €32.33 Billion €22.25 Billion €18.11 Billion ▼ -2.8 pp
2015 15.5% €4.29 Billion €27.57 Billion €22.33 Billion €18.04 Billion ▲ +0.2 pp
2014 15.4% €6.93 Billion €45.16 Billion €28.06 Billion €21.12 Billion ▼ -1.2 pp
2013 16.5% €8.79 Billion €53.17 Billion €34.02 Billion €25.23 Billion ▲ +2.1 pp
2012 14.5% €7.98 Billion €55.20 Billion €31.79 Billion €23.82 Billion ▼ -5.0 pp
2011 19.5% €11.78 Billion €60.48 Billion €35.60 Billion €23.82 Billion ▲ +1.4 pp
2010 18.1% €11.95 Billion €66.10 Billion €42.67 Billion €30.72 Billion ▲ +3.9 pp
2009 14.2% €9.28 Billion €65.40 Billion €32.81 Billion €23.53 Billion ▼ -8.9 pp
2008 23.1% €13.65 Billion €59.23 Billion €44.41 Billion €30.76 Billion ▲ +1.7 pp
2007 21.3% €13.12 Billion €61.53 Billion €45.33 Billion €32.21 Billion ▼ -8.2 pp
2006 29.5% €14.80 Billion €50.19 Billion €39.36 Billion €24.56 Billion ▼ -21.4 pp
2005 50.9% €6.10 Billion €11.98 Billion €11.71 Billion €5.62 Billion ▲ +6.1 pp
2004 44.7% €3.40 Billion €7.59 Billion €9.62 Billion €6.23 Billion ▼ -15.7 pp
2003 60.4% €90.00 Million €149.00 Million €1.55 Billion €1.46 Billion ▼ -203.7 pp
2002 264.1% €338.00 Million €128.00 Million €1.61 Billion €1.27 Billion ▲ +194.8 pp
2001 69.2% €234.00 Million €338.00 Million €1.44 Billion €1.21 Billion ▲ +4.6 pp
2000 64.6% €571.00 Million €884.00 Million €2.00 Billion €1.43 Billion ▼ -19.2 pp
1999 83.8% €716.00 Million €854.00 Million €2.16 Billion €1.44 Billion ▼ -36.5 pp
1998 120.3% €964.00 Million €801.00 Million €2.30 Billion €1.33 Billion ▲ +89.8 pp
1997 30.5% €907.00 Million €2.97 Billion €1.81 Billion €908.00 Million —
pp = percentage points