Photronics Inc (PLAB) — Working Capital to Net Assets Ratio
Photronics Inc (PLAB) has a Working Capital to Net Assets ratio of 44.7% as of April 2026. Working capital of $756.96 Million (current assets of $943.93 Million minus current liabilities of $186.97 Million) is measured against net assets of $1.69 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PLAB free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Photronics Inc Working Capital to Net Assets (1985–2025)
This chart shows how Photronics Inc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of April 2026, the ratio stands at 44.7%, reflecting working capital of $756.96 Million against net assets of $1.69 Billion USD. See Photronics Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Photronics Inc (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Photronics Inc from 1985 to 2025, covering 41 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 value of Photronics Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 45.3% | $724.18 Million | $1.60 Billion | $890.05 Million | $165.87 Million | ▼ -5.1 pp |
| 2024 | 50.5% | $747.25 Million | $1.48 Billion | $931.06 Million | $183.81 Million | ▲ +3.4 pp |
| 2023 | 47.1% | $600.23 Million | $1.28 Billion | $785.45 Million | $185.22 Million | ▲ +4.6 pp |
| 2022 | 42.4% | $450.86 Million | $1.06 Billion | $644.65 Million | $193.80 Million | ▲ +5.0 pp |
| 2021 | 37.4% | $374.47 Million | $1.00 Billion | $550.62 Million | $176.15 Million | ▲ +0.3 pp |
| 2020 | 37.1% | $357.20 Million | $962.27 Million | $500.14 Million | $142.94 Million | ▲ +5.6 pp |
| 2019 | 31.5% | $286.82 Million | $911.09 Million | $438.77 Million | $151.95 Million | ▼ -3.0 pp |
| 2018 | 34.5% | $311.65 Million | $904.57 Million | $502.73 Million | $191.08 Million | ▼ -8.0 pp |
| 2017 | 42.5% | $367.35 Million | $865.29 Million | $449.12 Million | $81.78 Million | ▼ -1.2 pp |
| 2016 | 43.6% | $360.27 Million | $825.47 Million | $441.59 Million | $81.32 Million | ▲ +21.1 pp |
| 2015 | 22.5% | $171.42 Million | $762.07 Million | $364.11 Million | $192.69 Million | ▼ -4.2 pp |
| 2014 | 26.7% | $197.38 Million | $739.49 Million | $336.49 Million | $139.12 Million | ▼ -9.7 pp |
| 2013 | 36.4% | $213.88 Million | $587.83 Million | $318.47 Million | $104.59 Million | ▼ -3.4 pp |
| 2012 | 39.7% | $232.92 Million | $586.00 Million | $319.79 Million | $86.87 Million | ▲ +2.4 pp |
| 2011 | 37.4% | $209.31 Million | $559.76 Million | $305.21 Million | $95.90 Million | ▲ +19.9 pp |
| 2010 | 17.5% | $86.57 Million | $495.94 Million | $205.80 Million | $119.23 Million | ▼ -2.5 pp |
| 2009 | 19.9% | $89.54 Million | $449.70 Million | $180.00 Million | $90.45 Million | ▲ +4.6 pp |
| 2008 | 15.4% | $66.42 Million | $432.40 Million | $182.50 Million | $116.08 Million | ▲ +1.6 pp |
| 2007 | 13.7% | $96.61 Million | $703.75 Million | $246.99 Million | $150.38 Million | ▼ -5.6 pp |
| 2006 | 19.3% | $127.69 Million | $660.28 Million | $318.89 Million | $191.20 Million | ▼ -30.1 pp |
| 2005 | 49.5% | $300.56 Million | $607.69 Million | $384.33 Million | $83.78 Million | ▼ -12.1 pp |
| 2004 | 61.6% | $255.06 Million | $414.20 Million | $345.73 Million | $90.66 Million | ▼ -10.0 pp |
| 2003 | 71.6% | $258.51 Million | $361.14 Million | $339.88 Million | $81.37 Million | ▲ +34.6 pp |
| 2002 | 37.0% | $142.03 Million | $384.09 Million | $249.06 Million | $107.03 Million | ▲ +22.3 pp |
| 2001 | 14.7% | $48.73 Million | $332.17 Million | $151.40 Million | $102.66 Million | ▼ -12.4 pp |
| 2000 | 27.1% | $87.02 Million | $321.11 Million | $138.59 Million | $51.57 Million | ▲ +13.0 pp |
| 1999 | 14.1% | $29.20 Million | $207.70 Million | $86.20 Million | $57.00 Million | ▼ -4.4 pp |
| 1998 | 18.4% | $36.90 Million | $200.40 Million | $87.40 Million | $50.50 Million | ▼ -25.4 pp |
| 1997 | 43.8% | $81.40 Million | $186.00 Million | $138.90 Million | $57.50 Million | ▲ +30.0 pp |
| 1996 | 13.8% | $21.60 Million | $156.40 Million | $65.60 Million | $44.00 Million | ▼ -23.3 pp |
| 1995 | 37.1% | $49.70 Million | $134.00 Million | $79.50 Million | $29.80 Million | ▼ -3.2 pp |
| 1994 | 40.3% | $32.40 Million | $80.40 Million | $42.50 Million | $10.10 Million | ▲ +12.2 pp |
| 1993 | 28.1% | $17.60 Million | $62.60 Million | $25.60 Million | $8.00 Million | ▼ -19.2 pp |
| 1992 | 47.3% | $20.80 Million | $44.00 Million | $24.70 Million | $3.90 Million | ▼ -12.4 pp |
| 1991 | 59.6% | $23.50 Million | $39.40 Million | $27.90 Million | $4.40 Million | ▲ +10.3 pp |
| 1990 | 49.3% | $11.10 Million | $22.50 Million | $16.80 Million | $5.70 Million | ▲ +5.0 pp |
| 1989 | 44.3% | $3.90 Million | $8.80 Million | $9.20 Million | $5.30 Million | ▲ +5.6 pp |
| 1988 | 38.8% | $3.10 Million | $8.00 Million | $7.30 Million | $4.20 Million | ▼ -20.8 pp |
| 1987 | 59.6% | $5.90 Million | $9.90 Million | $8.20 Million | $2.30 Million | ▼ -49.9 pp |
| 1986 | 109.5% | $4.60 Million | $4.20 Million | $6.30 Million | $1.70 Million | ▲ +38.6 pp |
| 1985 | 71.0% | $2.20 Million | $3.10 Million | $3.90 Million | $1.70 Million | — |