AXT Inc (AXTI) — Working Capital to Net Assets Ratio
AXT Inc (AXTI) has a Working Capital to Net Assets ratio of 46.6% as of December 2025. Working capital of $156.01 Million (current assets of $246.56 Million minus current liabilities of $90.54 Million) is measured against net assets of $334.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See AXT Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AXT Inc Working Capital to Net Assets (1998–2025)
This chart shows how AXT Inc's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 46.6%, reflecting working capital of $156.01 Million against net assets of $334.63 Million USD. Check AXT Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AXT Inc (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for AXT Inc from 1998 to 2025, covering 28 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 AXTI company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 46.6% | $156.01 Million | $334.63 Million | $246.56 Million | $90.54 Million | ▲ +13.6 pp |
| 2024 | 33.0% | $84.10 Million | $254.91 Million | $158.27 Million | $74.18 Million | ▼ -0.1 pp |
| 2023 | 33.1% | $89.10 Million | $269.15 Million | $170.66 Million | $81.56 Million | ▼ -4.2 pp |
| 2022 | 37.3% | $108.22 Million | $289.75 Million | $183.54 Million | $75.33 Million | ▼ -2.7 pp |
| 2021 | 40.1% | $112.36 Million | $280.23 Million | $160.19 Million | $47.82 Million | ▼ -9.0 pp |
| 2020 | 49.1% | $125.44 Million | $255.53 Million | $164.52 Million | $39.08 Million | ▲ +4.6 pp |
| 2019 | 44.4% | $85.68 Million | $192.76 Million | $113.20 Million | $27.53 Million | ▼ -6.9 pp |
| 2018 | 51.3% | $99.83 Million | $194.53 Million | $128.54 Million | $28.71 Million | ▼ -11.3 pp |
| 2017 | 62.6% | $117.93 Million | $188.32 Million | $140.52 Million | $22.59 Million | ▼ -4.6 pp |
| 2016 | 67.2% | $94.24 Million | $140.29 Million | $107.29 Million | $13.05 Million | ▲ +6.1 pp |
| 2015 | 61.1% | $84.05 Million | $137.56 Million | $96.89 Million | $12.84 Million | ▼ 0.0 pp |
| 2014 | 61.1% | $88.42 Million | $144.69 Million | $103.19 Million | $14.77 Million | ▲ +3.3 pp |
| 2013 | 57.8% | $84.11 Million | $145.55 Million | $99.54 Million | $15.43 Million | ▼ -4.1 pp |
| 2012 | 61.9% | $93.38 Million | $150.91 Million | $106.47 Million | $13.10 Million | ▼ -0.8 pp |
| 2011 | 62.7% | $92.22 Million | $147.05 Million | $103.10 Million | $10.88 Million | ▼ -5.8 pp |
| 2010 | 68.5% | $82.12 Million | $119.80 Million | $96.95 Million | $14.84 Million | ▼ -4.1 pp |
| 2009 | 72.7% | $70.68 Million | $97.25 Million | $80.89 Million | $10.21 Million | ▲ +1.3 pp |
| 2008 | 71.4% | $66.84 Million | $93.66 Million | $81.03 Million | $14.20 Million | ▼ -9.4 pp |
| 2007 | 80.8% | $75.35 Million | $93.25 Million | $84.84 Million | $9.49 Million | ▼ -0.9 pp |
| 2006 | 81.7% | $66.36 Million | $81.20 Million | $74.11 Million | $7.75 Million | ▲ +16.4 pp |
| 2005 | 65.4% | $36.35 Million | $55.62 Million | $46.21 Million | $9.86 Million | ▼ -2.1 pp |
| 2004 | 67.4% | $45.86 Million | $68.02 Million | $56.45 Million | $10.59 Million | ▼ -2.2 pp |
| 2003 | 69.7% | $57.34 Million | $82.30 Million | $71.96 Million | $14.63 Million | ▲ +13.4 pp |
| 2002 | 56.2% | $59.42 Million | $105.66 Million | $79.58 Million | $20.16 Million | ▼ -6.7 pp |
| 2001 | 62.9% | $117.20 Million | $186.32 Million | $140.52 Million | $23.32 Million | ▼ -12.8 pp |
| 2000 | 75.7% | $140.39 Million | $185.35 Million | $182.66 Million | $42.27 Million | ▲ +11.0 pp |
| 1999 | 64.8% | $40.46 Million | $62.46 Million | $71.25 Million | $30.79 Million | ▼ -15.5 pp |
| 1998 | 80.3% | $41.10 Million | $51.20 Million | $48.60 Million | $7.50 Million | — |