Smith-Midland Corp Working Capital to Net Assets Ratio
Smith-Midland Corp working capital to net assets ratio. Smith-Midland Corp (SMID) has a Working Capital to Net Assets ratio of 63.0% as of March 2026. Working capital of $35.04 Million (current assets of $51.62 Million minus current liabilities of $16.58 Million) is measured against net assets of $55.66 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Smith-Midland Corp (1994–2025)
Working capital to net assets ratio of Smith-Midland Corp from 1994 to 2025. This chart shows how Smith-Midland Corp's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 63.0%, reflecting working capital of $35.04 Million against net assets of $55.66 Million USD. See Smith-Midland Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Smith-Midland Corp Working Capital to Net Assets Ratio by Year (1994–2025)
Smith-Midland Corp working capital to net assets ratio by year from 1994 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Smith-Midland Corp from 1994 to 2025, covering 32 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 Smith-Midland Corp balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 63.4% | $34.41 Million | $54.30 Million | $48.75 Million | $14.33 Million | ▲ +13.4 pp |
| 2024 | 49.9% | $20.84 Million | $41.74 Million | $35.85 Million | $15.01 Million | ▼ -0.7 pp |
| 2023 | 50.7% | $17.31 Million | $34.16 Million | $33.33 Million | $16.02 Million | ▼ -2.9 pp |
| 2022 | 53.6% | $17.72 Million | $33.05 Million | $28.94 Million | $11.22 Million | ▲ +10.0 pp |
| 2021 | 43.6% | $13.85 Million | $31.75 Million | $27.75 Million | $13.90 Million | ▼ -17.4 pp |
| 2020 | 61.1% | $14.44 Million | $23.65 Million | $23.34 Million | $8.90 Million | ▲ +15.8 pp |
| 2019 | 45.3% | $9.43 Million | $20.82 Million | $19.03 Million | $9.60 Million | ▼ -7.2 pp |
| 2018 | 52.4% | $9.88 Million | $18.85 Million | $21.60 Million | $11.71 Million | ▼ -12.6 pp |
| 2017 | 65.1% | $11.20 Million | $17.20 Million | $19.03 Million | $7.83 Million | ▼ -10.8 pp |
| 2016 | 75.9% | $10.81 Million | $14.24 Million | $15.87 Million | $5.06 Million | ▼ -2.9 pp |
| 2015 | 78.8% | $8.98 Million | $11.39 Million | $13.51 Million | $4.53 Million | ▼ -7.1 pp |
| 2014 | 86.0% | $9.01 Million | $10.47 Million | $11.94 Million | $2.93 Million | ▼ -1.4 pp |
| 2013 | 87.3% | $9.97 Million | $11.42 Million | $14.04 Million | $4.06 Million | ▼ -3.6 pp |
| 2012 | 90.9% | $9.88 Million | $10.87 Million | $12.48 Million | $2.60 Million | ▲ +0.4 pp |
| 2011 | 90.6% | $9.72 Million | $10.73 Million | $12.70 Million | $2.98 Million | ▲ +1.7 pp |
| 2010 | 88.9% | $9.74 Million | $10.96 Million | $13.38 Million | $3.64 Million | ▼ -0.5 pp |
| 2009 | 89.4% | $7.59 Million | $8.49 Million | $11.04 Million | $3.45 Million | ▼ -2.9 pp |
| 2008 | 92.4% | $6.07 Million | $6.57 Million | $11.16 Million | $5.10 Million | ▼ -5.4 pp |
| 2007 | 97.7% | $5.87 Million | $6.00 Million | $10.14 Million | $4.27 Million | ▼ -6.5 pp |
| 2006 | 104.2% | $4.80 Million | $4.61 Million | $10.71 Million | $5.91 Million | ▼ -1.3 pp |
| 2005 | 105.5% | $5.63 Million | $5.33 Million | $8.86 Million | $3.23 Million | ▼ -8.6 pp |
| 2004 | 114.1% | $4.38 Million | $3.84 Million | $7.76 Million | $3.37 Million | ▼ -0.4 pp |
| 2003 | 114.4% | $3.83 Million | $3.35 Million | $8.06 Million | $4.23 Million | ▲ +10.8 pp |
| 2002 | 103.6% | $5.43 Million | $5.24 Million | $8.83 Million | $3.40 Million | ▼ -11.7 pp |
| 2001 | 115.3% | $4.55 Million | $3.94 Million | $9.15 Million | $4.60 Million | ▼ -25.5 pp |
| 2000 | 140.9% | $2.69 Million | $1.91 Million | $6.46 Million | $3.77 Million | ▼ -26.5 pp |
| 1999 | 167.4% | $2.19 Million | $1.31 Million | $5.61 Million | $3.42 Million | ▲ +34.4 pp |
| 1998 | 132.9% | $1.69 Million | $1.27 Million | $5.86 Million | $4.17 Million | ▲ +109.2 pp |
| 1997 | 23.8% | $487.75K | $2.05 Million | $5.45 Million | $4.96 Million | ▼ -13.0 pp |
| 1996 | 36.8% | $657.84K | $1.79 Million | $4.88 Million | $4.22 Million | ▼ -46.6 pp |
| 1995 | 83.3% | $1.50 Million | $1.80 Million | $5.00 Million | $3.50 Million | ▼ -16.7 pp |
| 1994 | 100.0% | $400.00K | $400.00K | $3.70 Million | $3.30 Million | — |