IREN Ltd Working Capital to Net Assets Ratio
IREN Ltd working capital to net assets ratio. IREN Ltd (IREN) has a Working Capital to Net Assets ratio of 107.6% as of December 2025. Working capital of $2.70 Billion (current assets of $3.38 Billion minus current liabilities of $682.13 Million) is measured against net assets of $2.51 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check IREN Ltd tangible equity quality 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 IREN Ltd (2019–2025)
Working capital to net assets ratio of IREN Ltd from 2019 to 2025. This chart shows how IREN Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 107.6%, reflecting working capital of $2.70 Billion against net assets of $2.51 Billion USD. See how many days can IREN Ltd fund operations to measure how many days the company can operate on defensive assets alone.
IREN Ltd Working Capital to Net Assets Ratio by Year (2019–2025)
IREN Ltd working capital to net assets ratio by year from 2019 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for IREN Ltd from 2019 to 2025, covering 7 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 IREN total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.1% | $491.83 Million | $1.82 Billion | $641.17 Million | $149.35 Million | ▼ -9.5 pp |
| 2024 | 36.6% | $401.31 Million | $1.10 Billion | $452.39 Million | $51.07 Million | ▲ +15.2 pp |
| 2023 | 21.4% | $65.23 Million | $305.36 Million | $89.23 Million | $24.00 Million | ▲ +11.7 pp |
| 2022 | 9.7% | $25.09 Million | $259.18 Million | $110.20 Million | $85.11 Million | ▼ -253.2 pp |
| 2021 | 262.9% | $-97.63 Million | $-37.13 Million | $30.35 Million | $127.98 Million | ▲ +256.1 pp |
| 2020 | 6.8% | $661.07K | $9.66 Million | $2.57 Million | $1.91 Million | ▲ +1.2 pp |
| 2019 | 5.6% | $98.29K | $1.75 Million | $207.81K | $109.52K | — |