NMI Holdings Inc (NMIH) — Working Capital to Net Assets Ratio
NMI Holdings Inc (NMIH) has a Working Capital to Net Assets ratio of -10.4% as of December 2025. Working capital of $-270.06 Billion (current assets of $130.20 Billion minus current liabilities of $400.26 Billion) is measured against net assets of $2.59 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NMI Holdings Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NMI Holdings Inc Working Capital to Net Assets (2011–2025)
This chart shows how NMI Holdings Inc's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at -10.4%, reflecting working capital of $-270.06 Billion against net assets of $2.59 Trillion USD. See NMI Holdings Inc (NMIH) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for NMI Holdings Inc (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for NMI Holdings Inc from 2011 to 2025, covering 15 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 market cap of NMI Holdings Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 32.1% | $-400.13 Billion | $-1.25 Trillion | $130.20 Million | $400.26 Billion | ▲ +30.4 pp |
| 2024 | 1.7% | $38.62 Million | $2.22 Billion | $54.22 Million | $15.60 Million | ▼ -25.3 pp |
| 2023 | 27.1% | $521.49 Million | $1.93 Billion | $617.95 Million | $96.46 Million | ▲ +24.6 pp |
| 2022 | 2.5% | $39.75 Million | $1.61 Billion | $42.25 Million | $2.50 Million | ▼ -111.3 pp |
| 2021 | 113.7% | $2.15 Billion | $1.89 Billion | $2.24 Billion | $88.31 Million | ▼ -1.6 pp |
| 2020 | 115.3% | $1.91 Billion | $1.66 Billion | $1.99 Billion | $78.07 Million | ▲ +11.9 pp |
| 2019 | 103.4% | $1.20 Billion | $1.16 Billion | $1.23 Billion | $22.85 Million | ▲ +104.5 pp |
| 2018 | -1.0% | $-7.26 Million | $701.50 Million | $23.88 Million | $31.14 Million | ▼ -102.9 pp |
| 2017 | 101.8% | $518.36 Million | $509.08 Million | $760.25 Million | $241.89 Million | ▲ +3.3 pp |
| 2016 | 98.5% | $470.41 Million | $477.35 Million | $690.44 Million | $220.03 Million | ▼ -27.1 pp |
| 2015 | 125.6% | $505.91 Million | $402.73 Million | $621.70 Million | $115.78 Million | ▲ +104.0 pp |
| 2014 | 21.6% | $92.38 Million | $426.96 Million | $103.02 Million | $10.65 Million | ▲ +11.7 pp |
| 2013 | 9.9% | $45.88 Million | $463.22 Million | $55.93 Million | $10.05 Million | ▼ -78.8 pp |
| 2012 | 88.7% | $447.55 Million | $504.46 Million | $485.86 Million | $38.30 Million | ▼ -26.8 pp |
| 2011 | 115.6% | $-1.56 Million | $-1.35 Million | $1.00 | $1.56 Million | — |