FuelCell Energy Inc Working Capital to Net Assets Ratio
FuelCell Energy Inc working capital to net assets ratio. FuelCell Energy Inc (FCEL) has a Working Capital to Net Assets ratio of 65.9% as of April 2026. Working capital of $480.63 Million (current assets of $543.93 Million minus current liabilities of $63.30 Million) is measured against net assets of $729.51 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of FuelCell Energy Inc (1992–2025)
Working capital to net assets ratio of FuelCell Energy Inc from 1992 to 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 April 2026, the ratio stands at 65.9%, reflecting working capital of $480.63 Million against net assets of $729.51 Million USD. Explore FCEL long-term investments to assets to see how much of total assets are deployed in long-term investments.
FuelCell Energy Inc Working Capital to Net Assets Ratio by Year (1992–2025)
FuelCell Energy Inc working capital to net assets ratio by year from 1992 to 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 the complete balance sheet picture, see FCEL total asset value.
| 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 | — |