SPS Commerce Inc Working Capital to Net Assets Ratio
SPS Commerce Inc working capital to net assets ratio. SPS Commerce Inc (SPSC) has a Working Capital to Net Assets ratio of 19.6% as of June 2026. Working capital of $184.13 Million (current assets of $330.40 Million minus current liabilities of $146.26 Million) is measured against net assets of $938.48 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of SPS Commerce Inc 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 SPS Commerce Inc (2007–2025)
Working capital to net assets ratio of SPS Commerce Inc from 2007 to 2025. This chart shows how SPS Commerce Inc's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of June 2026, the ratio stands at 19.6%, reflecting working capital of $184.13 Million against net assets of $938.48 Million USD. See operational self-sufficiency of SPS Commerce Inc to measure how many days the company can operate on defensive assets alone.
SPS Commerce Inc Working Capital to Net Assets Ratio by Year (2007–2025)
SPS Commerce Inc working capital to net assets ratio by year from 2007 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for SPS Commerce Inc from 2007 to 2025, covering 19 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 SPSC current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.6% | $180.95 Million | $973.89 Million | $335.30 Million | $154.35 Million | ▼ -8.9 pp |
| 2024 | 27.5% | $235.22 Million | $854.69 Million | $381.91 Million | $146.68 Million | ▼ -13.0 pp |
| 2023 | 40.6% | $270.77 Million | $667.48 Million | $401.44 Million | $130.67 Million | ▲ +1.1 pp |
| 2022 | 39.5% | $212.17 Million | $537.07 Million | $322.81 Million | $110.64 Million | ▼ -12.0 pp |
| 2021 | 51.5% | $249.57 Million | $484.26 Million | $352.44 Million | $102.87 Million | ▲ +15.1 pp |
| 2020 | 36.4% | $153.24 Million | $420.72 Million | $233.37 Million | $80.13 Million | ▼ -26.6 pp |
| 2019 | 63.0% | $223.59 Million | $354.88 Million | $291.62 Million | $68.03 Million | ▲ +2.5 pp |
| 2018 | 60.5% | $193.09 Million | $318.97 Million | $249.62 Million | $56.52 Million | ▼ -3.2 pp |
| 2017 | 63.7% | $176.31 Million | $276.82 Million | $219.46 Million | $43.15 Million | ▲ +2.0 pp |
| 2016 | 61.7% | $153.77 Million | $249.27 Million | $185.93 Million | $32.16 Million | ▼ -2.5 pp |
| 2015 | 64.2% | $142.55 Million | $222.19 Million | $166.79 Million | $24.23 Million | ▼ -2.9 pp |
| 2014 | 67.1% | $137.63 Million | $205.09 Million | $162.19 Million | $24.56 Million | ▼ -4.0 pp |
| 2013 | 71.2% | $137.16 Million | $192.77 Million | $156.07 Million | $18.91 Million | ▲ +14.0 pp |
| 2012 | 57.1% | $77.04 Million | $134.82 Million | $91.51 Million | $14.47 Million | ▼ -4.6 pp |
| 2011 | 61.7% | $36.77 Million | $59.55 Million | $48.24 Million | $11.47 Million | ▼ -36.1 pp |
| 2010 | 97.8% | $42.55 Million | $43.51 Million | $51.64 Million | $9.09 Million | ▲ +106.0 pp |
| 2009 | -8.2% | $4.97 Million | $-60.47 Million | $16.26 Million | $11.29 Million | ▼ -2.4 pp |
| 2008 | -5.8% | $3.61 Million | $-61.84 Million | $13.12 Million | $9.51 Million | ▲ +1.7 pp |
| 2007 | -7.5% | $4.54 Million | $-60.11 Million | $13.82 Million | $9.28 Million | — |