MGE Energy Inc (MGEE) — Working Capital to Net Assets Ratio
MGE Energy Inc (MGEE) has a Working Capital to Net Assets ratio of -5.2% as of December 2025. Working capital of $-68.16 Million (current assets of $228.55 Million minus current liabilities of $296.71 Million) is measured against net assets of $1.30 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of MGE Energy Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MGE Energy Inc Working Capital to Net Assets (1994–2025)
This chart shows how MGE Energy Inc's Working Capital to Net Assets ratio has evolved across 62 annual periods from 1994 to 2025. As of December 2025, the ratio stands at -5.2%, reflecting working capital of $-68.16 Million against net assets of $1.30 Billion USD. Check MGEE tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for MGE Energy Inc (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MGE Energy Inc from 1994 to 2025, covering 62 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 how much is MGE Energy Inc worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.2% | $-68.16 Million | $1.30 Billion | $228.55 Million | $296.71 Million | ▼ -13.5 pp |
| 2024 | 8.3% | $101.70 Million | $1.23 Billion | $227.26 Million | $125.56 Million | ▲ +1.2 pp |
| 2023 | 7.1% | $81.04 Million | $1.14 Billion | $238.20 Million | $157.16 Million | ▲ +0.0 pp |
| 2023 | 7.1% | $81.04 Million | $1.14 Billion | $238.20 Million | $157.16 Million | ▲ +5.4 pp |
| 2022 | 1.7% | $18.42 Million | $1.08 Billion | $243.48 Million | $225.06 Million | ▲ +0.0 pp |
| 2022 | 1.7% | $18.42 Million | $1.08 Billion | $243.48 Million | $225.06 Million | ▼ -6.2 pp |
| 2021 | 7.9% | $81.52 Million | $1.03 Billion | $199.37 Million | $117.85 Million | ▲ +0.0 pp |
| 2021 | 7.9% | $81.52 Million | $1.03 Billion | $199.37 Million | $117.85 Million | ▲ +6.0 pp |
| 2020 | 1.9% | $18.59 Million | $976.00 Million | $209.52 Million | $190.93 Million | ▲ +0.0 pp |
| 2020 | 1.9% | $18.59 Million | $976.00 Million | $209.52 Million | $190.93 Million | ▼ -4.3 pp |
| 2019 | 6.2% | $52.82 Million | $855.68 Million | $181.64 Million | $128.82 Million | ▲ +0.0 pp |
| 2019 | 6.2% | $52.82 Million | $855.68 Million | $181.64 Million | $128.82 Million | ▼ -8.5 pp |
| 2018 | 14.7% | $119.93 Million | $816.64 Million | $240.56 Million | $120.63 Million | ▲ +0.0 pp |
| 2018 | 14.7% | $119.93 Million | $816.64 Million | $240.56 Million | $120.63 Million | ▼ -6.4 pp |
| 2017 | 21.1% | $164.12 Million | $778.19 Million | $290.63 Million | $126.51 Million | ▲ +0.0 pp |
| 2017 | 21.1% | $164.12 Million | $778.19 Million | $290.63 Million | $126.51 Million | ▼ -2.7 pp |
| 2016 | 23.8% | $172.01 Million | $724.09 Million | $275.51 Million | $103.50 Million | ▲ +0.0 pp |
| 2016 | 23.8% | $172.01 Million | $724.09 Million | $275.51 Million | $103.50 Million | ▼ -1.0 pp |
| 2015 | 24.7% | $170.60 Million | $690.46 Million | $254.75 Million | $84.15 Million | ▲ +0.0 pp |
| 2015 | 24.7% | $170.60 Million | $690.46 Million | $254.75 Million | $84.15 Million | ▼ -0.2 pp |
| 2014 | 24.9% | $163.96 Million | $659.40 Million | $253.96 Million | $90.00 Million | ▲ +0.0 pp |
| 2014 | 24.9% | $163.96 Million | $659.40 Million | $253.96 Million | $90.00 Million | ▲ +4.8 pp |
| 2013 | 20.1% | $123.94 Million | $617.51 Million | $220.60 Million | $96.67 Million | ▲ +0.0 pp |
| 2013 | 20.1% | $123.94 Million | $617.51 Million | $220.60 Million | $96.67 Million | ▼ -5.3 pp |
| 2012 | 25.4% | $147.14 Million | $579.43 Million | $222.94 Million | $75.80 Million | ▲ +0.0 pp |
| 2012 | 25.4% | $147.14 Million | $579.43 Million | $222.94 Million | $75.80 Million | ▲ +2.5 pp |
| 2011 | 22.9% | $126.06 Million | $550.95 Million | $189.13 Million | $63.07 Million | ▲ +0.0 pp |
| 2011 | 22.9% | $126.06 Million | $550.95 Million | $189.13 Million | $63.07 Million | ▲ +7.4 pp |
| 2010 | 15.4% | $81.09 Million | $525.08 Million | $162.30 Million | $81.21 Million | ▲ +0.0 pp |
| 2010 | 15.4% | $81.09 Million | $525.08 Million | $162.30 Million | $81.21 Million | ▲ +7.9 pp |
| 2009 | 7.6% | $37.94 Million | $501.80 Million | $165.08 Million | $127.14 Million | ▲ +0.0 pp |
| 2009 | 7.6% | $37.94 Million | $501.80 Million | $165.08 Million | $127.14 Million | ▲ +9.9 pp |
| 2008 | -2.4% | $-11.36 Million | $478.20 Million | $193.88 Million | $205.24 Million | ▲ +0.0 pp |
| 2008 | -2.4% | $-11.36 Million | $478.20 Million | $193.88 Million | $205.24 Million | ▲ +12.7 pp |
| 2007 | -15.1% | $-64.44 Million | $427.73 Million | $155.68 Million | $220.11 Million | ▲ +0.0 pp |
| 2007 | -15.1% | $-64.44 Million | $427.73 Million | $155.68 Million | $220.11 Million | ▼ -16.5 pp |
| 2006 | 1.5% | $5.55 Million | $375.35 Million | $149.41 Million | $143.86 Million | ▲ +0.0 pp |
| 2006 | 1.5% | $5.55 Million | $375.35 Million | $149.41 Million | $143.86 Million | ▼ -0.8 pp |
| 2005 | 2.3% | $7.92 Million | $343.88 Million | $160.91 Million | $152.98 Million | ▲ +0.0 pp |
| 2005 | 2.3% | $7.92 Million | $343.88 Million | $160.91 Million | $152.98 Million | ▼ -5.6 pp |
| 2004 | 7.9% | $26.68 Million | $338.20 Million | $142.24 Million | $115.56 Million | ▲ +0.0 pp |
| 2004 | 7.9% | $26.68 Million | $338.20 Million | $142.24 Million | $115.56 Million | ▲ +5.3 pp |
| 2003 | 2.6% | $6.90 Million | $263.07 Million | $112.46 Million | $105.56 Million | ▲ +0.0 pp |
| 2003 | 2.6% | $6.90 Million | $263.07 Million | $112.46 Million | $105.56 Million | ▼ -4.6 pp |
| 2002 | 7.2% | $16.42 Million | $227.37 Million | $96.97 Million | $80.55 Million | ▲ +0.0 pp |
| 2002 | 7.2% | $16.42 Million | $227.37 Million | $96.97 Million | $80.55 Million | ▼ -2.7 pp |
| 2001 | 9.9% | $21.45 Million | $216.29 Million | $83.22 Million | $61.78 Million | ▲ +0.0 pp |
| 2001 | 9.9% | $21.45 Million | $216.29 Million | $83.22 Million | $61.78 Million | ▲ +3.3 pp |
| 2000 | 6.6% | $13.28 Million | $200.31 Million | $100.52 Million | $87.24 Million | ▲ +0.0 pp |
| 2000 | 6.6% | $13.28 Million | $200.31 Million | $100.52 Million | $87.24 Million | ▲ +0.8 pp |
| 1999 | 5.8% | $10.80 Million | $185.70 Million | $71.10 Million | $60.30 Million | ▲ +0.0 pp |
| 1999 | 5.8% | $10.80 Million | $185.70 Million | $71.10 Million | $60.30 Million | ▼ -20.3 pp |
| 1998 | 26.1% | $47.60 Million | $182.30 Million | $73.90 Million | $26.30 Million | ▲ +0.0 pp |
| 1998 | 26.1% | $47.60 Million | $182.30 Million | $73.90 Million | $26.30 Million | ▲ +19.6 pp |
| 1997 | 6.5% | $11.80 Million | $180.90 Million | $72.40 Million | $60.60 Million | ▲ +0.0 pp |
| 1997 | 6.5% | $11.80 Million | $180.90 Million | $72.40 Million | $60.60 Million | ▲ +4.5 pp |
| 1996 | 2.1% | $3.70 Million | $179.10 Million | $81.70 Million | $78.00 Million | ▲ +0.0 pp |
| 1996 | 2.1% | $3.70 Million | $179.10 Million | $81.70 Million | $78.00 Million | ▼ -2.9 pp |
| 1995 | 5.0% | $9.60 Million | $193.10 Million | $75.80 Million | $66.20 Million | ▲ +0.0 pp |
| 1995 | 5.0% | $9.60 Million | $193.10 Million | $75.80 Million | $66.20 Million | ▼ -3.5 pp |
| 1994 | 8.4% | $16.40 Million | $194.60 Million | $72.30 Million | $55.90 Million | ▲ +0.0 pp |
| 1994 | 8.4% | $16.40 Million | $194.60 Million | $72.30 Million | $55.90 Million | — |