FuelCell Energy Inc (FCEL) — Working Capital to Net Assets Ratio
FuelCell Energy Inc (FCEL) has a Working Capital to Net Assets ratio of 56.6% as of January 2026. Working capital of $432.63 Million (current assets of $494.76 Million minus current liabilities of $62.13 Million) is measured against net assets of $764.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See FuelCell Energy Inc (FCEL) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
FuelCell Energy Inc Working Capital to Net Assets (1992–2025)
This chart shows how FuelCell Energy Inc's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1992 to 2025. As of January 2026, the ratio stands at 56.6%, reflecting working capital of $432.63 Million against net assets of $764.00 Million USD. Check how tangible is FuelCell Energy Inc's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for FuelCell Energy Inc (1992–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for FuelCell Energy Inc from 1992 to 2025, covering 34 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 market cap of FuelCell Energy Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 52.2% | $381.97 Million | $731.14 Million | $449.81 Million | $67.84 Million | ▲ +1.3 pp |
| 2024 | 50.9% | $370.55 Million | $727.47 Million | $444.46 Million | $73.90 Million | ▼ -3.0 pp |
| 2023 | 54.0% | $410.41 Million | $760.30 Million | $476.31 Million | $65.90 Million | ▼ -11.6 pp |
| 2022 | 65.5% | $494.48 Million | $754.38 Million | $580.28 Million | $85.80 Million | ▼ -4.0 pp |
| 2021 | 69.6% | $490.62 Million | $705.33 Million | $543.39 Million | $52.77 Million | ▲ +0.7 pp |
| 2020 | 68.8% | $175.08 Million | $254.41 Million | $233.98 Million | $58.90 Million | ▲ +52.9 pp |
| 2019 | 15.9% | $21.59 Million | $135.59 Million | $84.32 Million | $62.73 Million | ▼ -23.7 pp |
| 2018 | 39.7% | $70.18 Million | $176.92 Million | $130.30 Million | $60.12 Million | ▼ -16.2 pp |
| 2017 | 55.8% | $105.43 Million | $188.81 Million | $203.51 Million | $98.08 Million | ▼ -30.4 pp |
| 2016 | 86.2% | $150.21 Million | $174.25 Million | $202.47 Million | $52.26 Million | ▲ +2.8 pp |
| 2015 | 83.4% | $129.01 Million | $154.61 Million | $203.90 Million | $74.89 Million | ▼ -6.2 pp |
| 2014 | 89.7% | $141.97 Million | $158.31 Million | $203.12 Million | $61.15 Million | ▼ -88.3 pp |
| 2013 | 178.0% | $83.07 Million | $46.66 Million | $189.33 Million | $106.26 Million | ▲ +95.5 pp |
| 2012 | 82.5% | $61.03 Million | $73.98 Million | $145.93 Million | $84.90 Million | ▲ +213.2 pp |
| 2011 | -130.7% | $18.78 Million | $-14.38 Million | $132.95 Million | $114.17 Million | ▼ -757.3 pp |
| 2010 | 626.7% | $48.17 Million | $7.69 Million | $102.21 Million | $54.04 Million | ▲ +460.0 pp |
| 2009 | 166.6% | $77.18 Million | $46.32 Million | $119.68 Million | $42.50 Million | ▲ +67.9 pp |
| 2008 | 98.7% | $59.61 Million | $60.37 Million | $118.02 Million | $58.41 Million | ▼ -10.0 pp |
| 2007 | 108.8% | $158.69 Million | $145.91 Million | $201.00 Million | $42.32 Million | ▲ +13.8 pp |
| 2006 | 95.0% | $105.87 Million | $111.46 Million | $133.71 Million | $27.84 Million | ▼ -2.4 pp |
| 2005 | 97.4% | $138.75 Million | $142.48 Million | $161.89 Million | $23.15 Million | ▲ +23.8 pp |
| 2004 | 73.6% | $156.80 Million | $212.96 Million | $178.87 Million | $22.07 Million | ▲ +3.4 pp |
| 2003 | 70.2% | $144.00 Million | $205.09 Million | $160.79 Million | $16.79 Million | ▼ -10.1 pp |
| 2002 | 80.4% | $218.33 Million | $271.70 Million | $234.74 Million | $16.41 Million | ▼ -6.0 pp |
| 2001 | 86.4% | $276.17 Million | $319.72 Million | $289.23 Million | $13.05 Million | ▲ +0.3 pp |
| 2000 | 86.1% | $71.82 Million | $83.44 Million | $79.41 Million | $7.59 Million | ▲ +38.1 pp |
| 1999 | 48.0% | $7.20 Million | $15.00 Million | $10.40 Million | $3.20 Million | ▼ -5.9 pp |
| 1998 | 53.9% | $10.30 Million | $19.10 Million | $15.90 Million | $5.60 Million | ▲ +10.7 pp |
| 1997 | 43.2% | $6.40 Million | $14.80 Million | $10.20 Million | $3.80 Million | ▼ -14.2 pp |
| 1996 | 57.4% | $8.10 Million | $14.10 Million | $12.90 Million | $4.80 Million | ▼ -9.8 pp |
| 1995 | 67.2% | $8.20 Million | $12.20 Million | $13.00 Million | $4.80 Million | ▲ +2.3 pp |
| 1994 | 65.0% | $7.60 Million | $11.70 Million | $12.20 Million | $4.60 Million | ▼ -7.8 pp |
| 1993 | 72.8% | $8.30 Million | $11.40 Million | $11.00 Million | $2.70 Million | ▼ -2.9 pp |
| 1992 | 75.7% | $8.40 Million | $11.10 Million | $11.80 Million | $3.40 Million | — |