Capital Southwest Corporation (CSWC) — Working Capital to Net Assets Ratio
Capital Southwest Corporation (CSWC) has a Working Capital to Net Assets ratio of -14.5% as of December 2025. Working capital of $-144.52 Million (current assets of $81.99 Million minus current liabilities of $226.51 Million) is measured against net assets of $995.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Capital Southwest Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Capital Southwest Corporation Working Capital to Net Assets (1996–2025)
This chart shows how Capital Southwest Corporation's Working Capital to Net Assets ratio has evolved across 24 annual periods from 1996 to 2025. As of December 2025, the ratio stands at -14.5%, reflecting working capital of $-144.52 Million against net assets of $995.63 Million USD. See how many days can Capital Southwest Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Capital Southwest Corporation (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Capital Southwest Corporation from 1996 to 2025, covering 24 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 CSWC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -17.0% | $-150.33 Million | $883.63 Million | $75.54 Million | $225.88 Million | ▼ -25.2 pp |
| 2024 | 8.2% | $62.20 Million | $755.68 Million | $62.48 Million | $281.00K | ▲ +1.4 pp |
| 2023 | 6.9% | $40.51 Million | $590.41 Million | $40.66 Million | $156.00K | ▲ +1.0 pp |
| 2022 | 5.8% | $24.54 Million | $420.87 Million | $25.77 Million | $1.24 Million | ▼ -6.7 pp |
| 2021 | 12.6% | $42.27 Million | $336.25 Million | $42.32 Million | $50.00K | ▲ +4.2 pp |
| 2020 | 8.4% | $23.67 Million | $281.66 Million | $24.18 Million | $513.00K | ▲ +3.5 pp |
| 2019 | 4.9% | $15.89 Million | $325.96 Million | $20.42 Million | $4.53 Million | ▲ +21.0 pp |
| 2018 | -16.1% | $-49.60 Million | $308.29 Million | $7.91 Million | $57.51 Million | ▼ -11.3 pp |
| 2017 | -4.8% | $-13.63 Million | $285.07 Million | $22.39 Million | $36.02 Million | ▼ -40.5 pp |
| 2016 | 35.7% | $97.31 Million | $272.63 Million | $97.94 Million | $625.00K | ▲ +7.3 pp |
| 2015 | 28.4% | $217.81 Million | $767.42 Million | $227.27 Million | $9.45 Million | ▲ +15.6 pp |
| 2013 | 12.8% | $84.23 Million | $659.78 Million | $84.23 Million | $0.00 | ▲ +2.2 pp |
| 2012 | 10.6% | $66.64 Million | $628.71 Million | $66.64 Million | $0.00 | ▲ +10.1 pp |
| 2006 | 0.5% | $1.94 Million | $396.62 Million | $11.64 Million | $9.70 Million | ▲ +3.7 pp |
| 2005 | -3.2% | $-9.60 Million | $302.53 Million | $5.24 Million | $14.84 Million | ▼ -1.4 pp |
| 2004 | -1.8% | $-5.27 Million | $290.62 Million | $10.23 Million | $15.50 Million | ▲ +5.1 pp |
| 2003 | -6.9% | $-14.29 Million | $206.47 Million | $4.95 Million | $19.24 Million | ▲ +32.2 pp |
| 2002 | -39.1% | $-97.97 Million | $250.49 Million | $3.73 Million | $101.70 Million | ▲ +0.5 pp |
| 2001 | -39.6% | $-89.70 Million | $226.61 Million | $1.40 Million | $91.10 Million | ▼ -65.8 pp |
| 2000 | 26.2% | $62.00 Million | $236.88 Million | $64.23 Million | $2.22 Million | ▲ +24.6 pp |
| 1999 | 1.6% | $4.06 Million | $256.23 Million | $6.37 Million | $2.31 Million | ▲ +36.7 pp |
| 1998 | -35.1% | $-103.92 Million | $296.02 Million | $117.38 Million | $221.30 Million | ▼ -2.0 pp |
| 1997 | -33.1% | $-72.51 Million | $218.97 Million | $14.29 Million | $86.80 Million | ▼ -1.6 pp |
| 1996 | -31.5% | $-59.57 Million | $189.05 Million | $67.33 Million | $126.90 Million | — |