Stepstone Group Inc (STEP) — Working Capital to Net Assets Ratio
Stepstone Group Inc (STEP) has a Working Capital to Net Assets ratio of 132.8% as of December 2025. Working capital of $689.76 Million (current assets of $2.63 Billion minus current liabilities of $1.94 Billion) is measured against net assets of $519.45 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Stepstone Group Inc (STEP) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Stepstone Group Inc Working Capital to Net Assets (2018–2025)
This chart shows how Stepstone Group Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 132.8%, reflecting working capital of $689.76 Million against net assets of $519.45 Million USD. Check tangible equity quality of Stepstone Group Inc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Stepstone Group Inc (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Stepstone Group Inc from 2018 to 2025, covering 8 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 Stepstone Group Inc market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 0.8% | $14.54 Million | $1.77 Billion | $1.96 Billion | $1.94 Billion | ▲ +2.5 pp |
| 2024 | -1.7% | $-32.15 Million | $1.87 Billion | $1.66 Billion | $1.69 Billion | ▲ +10.4 pp |
| 2023 | -12.1% | $-200.22 Million | $1.65 Billion | $1.46 Billion | $1.66 Billion | ▲ +20.5 pp |
| 2022 | -32.6% | $-594.96 Million | $1.82 Billion | $1.65 Billion | $2.25 Billion | ▼ -107.4 pp |
| 2021 | 74.7% | $493.10 Million | $659.69 Million | $1.12 Billion | $626.86 Million | ▼ -55.3 pp |
| 2020 | 130.0% | $308.05 Million | $236.97 Million | $585.59 Million | $277.53 Million | ▲ +7.2 pp |
| 2019 | 122.8% | $178.90 Million | $145.66 Million | $366.22 Million | $187.32 Million | ▼ -39.4 pp |
| 2018 | 162.2% | $223.24 Million | $137.65 Million | $398.00 Million | $174.76 Million | — |