Enphase Energy Inc Working Capital to Net Assets Ratio
Enphase Energy Inc working capital to net assets ratio. Enphase Energy Inc (ENPH) has a Working Capital to Net Assets ratio of 122.3% as of March 2026. Working capital of $1.35 Billion (current assets of $1.83 Billion minus current liabilities of $481.78 Million) is measured against net assets of $1.10 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check how tangible is Enphase Energy Inc's equity to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Enphase Energy Inc (2009–2025)
Working capital to net assets ratio of Enphase Energy Inc from 2009 to 2025. This chart shows how Enphase Energy Inc's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 122.3%, reflecting working capital of $1.35 Billion against net assets of $1.10 Billion USD. See ENPH defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Enphase Energy Inc Working Capital to Net Assets Ratio by Year (2009–2025)
Enphase Energy Inc working capital to net assets ratio by year from 2009 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Enphase Energy Inc from 2009 to 2025, covering 17 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 the complete balance sheet picture, see total assets of Enphase Energy Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 123.7% | $1.34 Billion | $1.09 Billion | $2.61 Billion | $1.26 Billion | ▼ -76.4 pp |
| 2024 | 200.1% | $1.67 Billion | $833.02 Million | $2.33 Billion | $660.09 Million | ▲ +5.8 pp |
| 2023 | 194.3% | $1.91 Billion | $983.62 Million | $2.44 Billion | $532.45 Million | ▼ -2.7 pp |
| 2022 | 197.0% | $1.63 Billion | $825.57 Million | $2.26 Billion | $638.22 Million | ▼ -40.8 pp |
| 2021 | 237.7% | $1.02 Billion | $430.17 Million | $1.46 Billion | $439.80 Million | ▲ +155.3 pp |
| 2020 | 82.4% | $399.02 Million | $483.99 Million | $933.06 Million | $534.04 Million | ▼ -27.9 pp |
| 2019 | 110.3% | $300.35 Million | $272.21 Million | $499.66 Million | $199.31 Million | ▼ -856.0 pp |
| 2018 | 966.3% | $75.14 Million | $7.78 Million | $222.30 Million | $147.16 Million | ▲ +1390.4 pp |
| 2017 | -424.1% | $38.70 Million | $-9.13 Million | $130.45 Million | $91.74 Million | ▼ -3123.5 pp |
| 2016 | 2699.4% | $35.09 Million | $1.30 Million | $117.86 Million | $82.77 Million | ▲ +2581.4 pp |
| 2015 | 118.0% | $48.92 Million | $41.45 Million | $121.77 Million | $72.85 Million | ▼ -1.7 pp |
| 2014 | 119.7% | $56.19 Million | $46.95 Million | $114.90 Million | $58.71 Million | ▼ -22.5 pp |
| 2013 | 142.1% | $57.14 Million | $40.21 Million | $90.51 Million | $33.37 Million | ▲ +34.2 pp |
| 2012 | 107.9% | $61.14 Million | $56.66 Million | $95.00 Million | $33.85 Million | ▲ +14.8 pp |
| 2011 | 93.1% | $30.82 Million | $33.09 Million | $81.79 Million | $50.97 Million | ▼ -10.2 pp |
| 2010 | 103.3% | $39.75 Million | $38.48 Million | $52.96 Million | $13.20 Million | ▲ +22.6 pp |
| 2009 | 80.8% | $11.00 Million | $13.63 Million | $16.68 Million | $5.68 Million | — |