Vale S.A (VALEN) — Working Capital to Net Assets Ratio
Vale S.A (VALEN) has a Working Capital to Net Assets ratio of 8.6% as of March 2026. Working capital of MX$3.24 Billion (current assets of MX$16.75 Billion minus current liabilities of MX$13.51 Billion) is measured against net assets of MX$37.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VALEN net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vale S.A Working Capital to Net Assets (2013–2025)
This chart shows how Vale S.A's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 8.6%, reflecting working capital of MX$3.24 Billion against net assets of MX$37.55 Billion MXN. Check Vale S.A (VALEN) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vale S.A (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vale S.A from 2013 to 2025, covering 13 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 VALEN market cap overview.
| Year | WC/NA Ratio | Working Capital (MXN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 7.0% | MX$2.42 Billion | MX$34.35 Billion | MX$18.29 Billion | MX$15.87 Billion | ▲ +5.9 pp |
| 2024 | 1.1% | MX$391.00 Million | MX$34.53 Billion | MX$13.48 Billion | MX$13.09 Billion | ▼ -8.7 pp |
| 2023 | 9.9% | MX$4.04 Billion | MX$40.98 Billion | MX$18.70 Billion | MX$14.65 Billion | ▼ -13.0 pp |
| 2022 | 22.8% | MX$8.53 Billion | MX$37.36 Billion | MX$81.01 Billion | MX$72.48 Billion | ▼ -90.4 pp |
| 2021 | 113.3% | MX$39.99 Billion | MX$35.31 Billion | MX$124.80 Billion | MX$84.81 Billion | ▼ -33.1 pp |
| 2020 | 146.4% | MX$50.97 Billion | MX$34.82 Billion | MX$126.81 Billion | MX$75.84 Billion | ▲ +113.3 pp |
| 2019 | 33.1% | MX$12.89 Billion | MX$38.99 Billion | MX$68.70 Billion | MX$55.81 Billion | ▼ -20.4 pp |
| 2018 | 53.5% | MX$23.97 Billion | MX$44.83 Billion | MX$59.26 Billion | MX$35.28 Billion | ▲ +10.3 pp |
| 2017 | 43.2% | MX$19.34 Billion | MX$44.77 Billion | MX$62.70 Billion | MX$43.36 Billion | ▼ -46.8 pp |
| 2016 | 90.0% | MX$36.94 Billion | MX$41.02 Billion | MX$73.55 Billion | MX$36.61 Billion | ▲ +76.2 pp |
| 2015 | 13.8% | MX$19.24 Billion | MX$139.42 Billion | MX$60.42 Billion | MX$41.18 Billion | ▼ -3.0 pp |
| 2014 | 16.8% | MX$25.23 Billion | MX$150.25 Billion | MX$53.74 Billion | MX$28.51 Billion | ▼ -5.8 pp |
| 2013 | 22.6% | MX$34.59 Billion | MX$152.77 Billion | MX$57.10 Billion | MX$22.52 Billion | — |