Aehr Test Systems (AEHR) — Working Capital to Net Assets Ratio
Aehr Test Systems (AEHR) has a Working Capital to Net Assets ratio of 62.8% as of February 2026. Working capital of $87.16 Million (current assets of $95.90 Million minus current liabilities of $8.74 Million) is measured against net assets of $138.79 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Aehr Test Systems to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Aehr Test Systems Working Capital to Net Assets (1997–2025)
This chart shows how Aehr Test Systems's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of February 2026, the ratio stands at 62.8%, reflecting working capital of $87.16 Million against net assets of $138.79 Million USD. See defensive interval ratio of Aehr Test Systems to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Aehr Test Systems (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Aehr Test Systems 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. For live market cap and the full company profile, see Aehr Test Systems stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 59.5% | $73.14 Million | $122.87 Million | $88.78 Million | $15.64 Million | ▼ -18.7 pp |
| 2024 | 78.3% | $87.34 Million | $111.59 Million | $97.85 Million | $10.51 Million | ▼ -17.9 pp |
| 2023 | 96.2% | $72.72 Million | $75.60 Million | $89.03 Million | $16.31 Million | ▲ +0.1 pp |
| 2022 | 96.1% | $48.99 Million | $50.99 Million | $60.01 Million | $11.01 Million | ▲ +7.7 pp |
| 2021 | 88.4% | $10.12 Million | $11.45 Million | $19.18 Million | $9.06 Million | ▼ -9.7 pp |
| 2020 | 98.1% | $13.79 Million | $14.06 Million | $17.65 Million | $3.87 Million | ▲ +4.1 pp |
| 2019 | 94.0% | $14.52 Million | $15.45 Million | $20.03 Million | $5.51 Million | ▼ -1.0 pp |
| 2018 | 94.9% | $18.31 Million | $19.29 Million | $29.46 Million | $11.15 Million | ▼ -33.1 pp |
| 2017 | 128.0% | $21.49 Million | $16.79 Million | $29.38 Million | $7.88 Million | ▲ +690.6 pp |
| 2016 | -562.7% | $4.07 Million | $-723.00K | $8.75 Million | $4.68 Million | ▼ -733.6 pp |
| 2015 | 170.9% | $7.78 Million | $4.55 Million | $14.29 Million | $6.52 Million | ▲ +77.6 pp |
| 2014 | 93.3% | $6.56 Million | $7.03 Million | $11.67 Million | $5.12 Million | ▼ -3.3 pp |
| 2013 | 96.5% | $4.82 Million | $4.99 Million | $10.52 Million | $5.70 Million | ▲ +2.4 pp |
| 2012 | 94.1% | $6.07 Million | $6.45 Million | $10.93 Million | $4.86 Million | ▲ +5.9 pp |
| 2011 | 88.2% | $8.03 Million | $9.10 Million | $10.57 Million | $2.54 Million | ▲ +1.1 pp |
| 2010 | 87.1% | $9.83 Million | $11.28 Million | $12.44 Million | $2.62 Million | ▲ +13.9 pp |
| 2009 | 73.3% | $7.30 Million | $9.96 Million | $10.64 Million | $3.34 Million | ▼ -15.1 pp |
| 2008 | 88.3% | $33.36 Million | $37.77 Million | $40.22 Million | $6.86 Million | ▼ -1.5 pp |
| 2007 | 89.9% | $20.37 Million | $22.67 Million | $26.19 Million | $5.82 Million | ▼ -2.2 pp |
| 2006 | 92.1% | $17.32 Million | $18.82 Million | $23.14 Million | $5.81 Million | ▲ +4.2 pp |
| 2005 | 87.9% | $15.34 Million | $17.45 Million | $19.03 Million | $3.69 Million | ▲ +2.6 pp |
| 2004 | 85.3% | $18.94 Million | $22.20 Million | $23.22 Million | $4.28 Million | ▼ -1.4 pp |
| 2003 | 86.7% | $21.97 Million | $25.34 Million | $24.57 Million | $2.59 Million | ▼ -0.1 pp |
| 2002 | 86.8% | $25.95 Million | $29.89 Million | $29.63 Million | $3.67 Million | ▲ +4.2 pp |
| 2001 | 82.6% | $28.75 Million | $34.81 Million | $33.35 Million | $4.60 Million | ▼ -6.0 pp |
| 2000 | 88.6% | $30.40 Million | $34.30 Million | $36.44 Million | $6.04 Million | ▲ +4.1 pp |
| 1999 | 84.6% | $31.02 Million | $36.68 Million | $35.13 Million | $4.12 Million | ▼ -7.7 pp |
| 1998 | 92.3% | $36.88 Million | $39.96 Million | $43.86 Million | $6.97 Million | ▲ +14.1 pp |
| 1997 | 78.2% | $7.90 Million | $10.10 Million | $21.90 Million | $14.00 Million | — |