Appian Corp (APPN) — Working Capital to Net Assets Ratio
Appian Corp (APPN) has a Working Capital to Net Assets ratio of -87.0% as of March 2026. Working capital of $51.29 Million (current assets of $453.95 Million minus current liabilities of $402.66 Million) is measured against net assets of $-58.97 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See APPN free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Appian Corp Working Capital to Net Assets (2015–2025)
This chart shows how Appian Corp's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of March 2026, the ratio stands at -87.0%, reflecting working capital of $51.29 Million against net assets of $-58.97 Million USD. See Appian Corp (APPN) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Appian Corp (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Appian Corp from 2015 to 2025, covering 11 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 Appian Corp (APPN) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -143.2% | $67.32 Million | $-46.99 Million | $519.42 Million | $452.11 Million | ▲ +104.3 pp |
| 2024 | -247.5% | $80.79 Million | $-32.64 Million | $435.54 Million | $354.76 Million | ▼ -330.0 pp |
| 2023 | 82.5% | $43.18 Million | $52.34 Million | $414.36 Million | $371.17 Million | ▼ -22.0 pp |
| 2022 | 104.5% | $152.25 Million | $145.70 Million | $422.50 Million | $270.25 Million | ▲ +52.1 pp |
| 2021 | 52.4% | $122.54 Million | $233.92 Million | $338.26 Million | $215.72 Million | ▼ -18.3 pp |
| 2020 | 70.6% | $209.53 Million | $296.61 Million | $365.42 Million | $155.89 Million | ▼ -9.9 pp |
| 2019 | 80.6% | $165.38 Million | $205.24 Million | $277.66 Million | $112.28 Million | ▼ -30.4 pp |
| 2018 | 111.0% | $81.22 Million | $73.19 Million | $209.63 Million | $128.40 Million | ▲ +0.9 pp |
| 2017 | 110.1% | $50.11 Million | $45.52 Million | $145.22 Million | $95.11 Million | ▲ +263.2 pp |
| 2016 | -153.1% | $12.37 Million | $-8.08 Million | $88.38 Million | $76.02 Million | ▼ -636.6 pp |
| 2015 | 483.6% | $19.46 Million | $4.03 Million | $72.97 Million | $53.50 Million | — |