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 financial agility of Icahn Enterprises LP to measure the company's free cash flow as a share of total liabilities.
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. See operational self-sufficiency of Icahn Enterprises LP to measure how many days the company can operate on defensive assets alone.
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 IEP stock market capitalisation.
| 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 | — |