Icahn Enterprises LP (IEP) — Working Capital to Net Assets Ratio
Icahn Enterprises LP (IEP) has a Working Capital to Net Assets ratio of 144.4% as of September 2025. Working capital of $4.94 Billion (current assets of $7.06 Billion minus current liabilities of $2.12 Billion) is measured against net assets of $3.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Icahn Enterprises LP (IEP) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Icahn Enterprises LP Working Capital to Net Assets (1995–2024)
This chart shows how Icahn Enterprises LP's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1995 to 2024. As of September 2025, the ratio stands at 144.4%, reflecting working capital of $4.94 Billion against net assets of $3.42 Billion USD. Check Icahn Enterprises LP (IEP) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Icahn Enterprises LP (1995–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Icahn Enterprises LP from 1995 to 2024, covering 30 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 Icahn Enterprises LP stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 126.0% | $5.82 Billion | $4.62 Billion | $8.24 Billion | $2.42 Billion | ▲ +19.9 pp |
| 2023 | 106.1% | $6.45 Billion | $6.07 Billion | $11.85 Billion | $5.40 Billion | ▲ +47.6 pp |
| 2022 | 58.5% | $5.59 Billion | $9.56 Billion | $14.07 Billion | $8.48 Billion | ▲ +15.9 pp |
| 2021 | 42.6% | $3.98 Billion | $9.34 Billion | $11.99 Billion | $8.01 Billion | ▼ -96.2 pp |
| 2020 | 138.8% | $12.85 Billion | $9.26 Billion | $17.72 Billion | $4.88 Billion | ▼ -4.1 pp |
| 2019 | 142.8% | $15.63 Billion | $10.94 Billion | $18.04 Billion | $2.40 Billion | ▲ +27.1 pp |
| 2018 | 115.8% | $14.94 Billion | $12.90 Billion | $16.93 Billion | $1.99 Billion | ▼ -3.5 pp |
| 2017 | 119.3% | $13.56 Billion | $11.37 Billion | $18.43 Billion | $4.87 Billion | ▲ +16.9 pp |
| 2016 | 102.4% | $8.21 Billion | $8.02 Billion | $18.48 Billion | $10.27 Billion | ▼ -18.1 pp |
| 2015 | 120.5% | $12.09 Billion | $10.03 Billion | $22.66 Billion | $10.56 Billion | ▲ +10.8 pp |
| 2014 | 109.7% | $13.60 Billion | $12.39 Billion | $22.42 Billion | $8.82 Billion | ▲ +5.7 pp |
| 2013 | 104.1% | $13.85 Billion | $13.31 Billion | $19.61 Billion | $5.75 Billion | ▼ -8.4 pp |
| 2012 | 112.5% | $10.99 Billion | $9.77 Billion | $13.87 Billion | $2.88 Billion | ▼ -8.8 pp |
| 2011 | 121.3% | $9.50 Billion | $7.83 Billion | $18.99 Billion | $9.49 Billion | ▲ +1.7 pp |
| 2010 | 119.6% | $9.44 Billion | $7.89 Billion | $15.11 Billion | $5.66 Billion | ▲ +4.9 pp |
| 2009 | 114.7% | $7.77 Billion | $6.78 Billion | $12.70 Billion | $4.92 Billion | ▲ +84.4 pp |
| 2008 | 30.4% | $1.93 Billion | $6.34 Billion | $8.40 Billion | $6.47 Billion | ▼ -10.7 pp |
| 2007 | 41.1% | $3.72 Billion | $9.05 Billion | $3.92 Billion | $198.42 Million | ▼ -64.1 pp |
| 2006 | 105.2% | $2.74 Billion | $2.60 Billion | $3.06 Billion | $317.01 Million | ▲ +14.6 pp |
| 2005 | 90.6% | $1.63 Billion | $1.80 Billion | $2.18 Billion | $550.60 Million | ▲ +24.8 pp |
| 2004 | 65.8% | $927.63 Million | $1.41 Billion | $1.13 Billion | $203.64 Million | ▼ -421.1 pp |
| 2003 | 486.9% | $589.86 Million | $121.15 Million | $643.86 Million | $54.00 Million | ▲ +668.8 pp |
| 2002 | -181.9% | $260.60 Million | $-143.23 Million | $432.45 Million | $171.85 Million | ▲ +859.3 pp |
| 2001 | -1041.2% | $257.86 Million | $-24.77 Million | $441.86 Million | $184.00 Million | ▼ -732.2 pp |
| 2000 | -309.0% | $70.76 Million | $-22.90 Million | $268.76 Million | $198.00 Million | ▼ -116.2 pp |
| 1999 | -192.8% | $198.70 Million | $-103.09 Million | $212.70 Million | $14.00 Million | ▼ -127.8 pp |
| 1998 | -64.9% | $584.77 Million | $-900.42 Million | $657.77 Million | $73.00 Million | ▼ -4.6 pp |
| 1997 | -60.4% | $495.19 Million | $-820.51 Million | $509.19 Million | $14.00 Million | ▼ -10.3 pp |
| 1996 | -50.0% | $248.47 Million | $-496.74 Million | $265.47 Million | $17.00 Million | ▼ -9.8 pp |
| 1995 | -40.2% | $166.91 Million | $-415.37 Million | $185.91 Million | $19.00 Million | — |