United Fire Group Inc (UFCS) — Working Capital to Net Assets Ratio
United Fire Group Inc (UFCS) has a Working Capital to Net Assets ratio of -119.2% as of September 2024. Working capital of $-936.86 Million (current assets of $806.35 Million minus current liabilities of $1.74 Billion) is measured against net assets of $785.82 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See UFCS 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
United Fire Group Inc Working Capital to Net Assets (2004–2024)
This chart shows how United Fire Group Inc's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2004 to 2024. As of September 2024, the ratio stands at -119.2%, reflecting working capital of $-936.86 Million against net assets of $785.82 Million USD. See United Fire Group Inc (UFCS) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for United Fire Group Inc (2004–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for United Fire Group Inc from 2004 to 2024, covering 16 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 United Fire Group Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -140.1% | $-1.09 Billion | $781.53 Million | $651.85 Million | $1.75 Billion | ▼ -197.9 pp |
| 2023 | 57.8% | $424.30 Million | $733.75 Million | $566.94 Million | $142.64 Million | ▲ +192.4 pp |
| 2022 | -134.5% | $-995.82 Million | $740.11 Million | $462.65 Million | $1.46 Billion | ▼ -104.2 pp |
| 2021 | -30.4% | $-891.44 Million | $2.94 Billion | $609.34 Million | $1.50 Billion | ▲ +0.3 pp |
| 2020 | -30.7% | $-919.09 Million | $2.99 Billion | $632.15 Million | $1.55 Billion | ▼ -67.9 pp |
| 2019 | 37.2% | $338.88 Million | $910.47 Million | $478.53 Million | $139.65 Million | ▲ +145.6 pp |
| 2018 | -108.4% | $-962.61 Million | $888.38 Million | $411.45 Million | $1.37 Billion | ▼ -15.5 pp |
| 2017 | -92.9% | $-904.13 Million | $973.37 Million | $424.25 Million | $1.33 Billion | ▼ -8.9 pp |
| 2016 | -84.0% | $-791.06 Million | $941.88 Million | $417.23 Million | $1.21 Billion | ▼ -127.0 pp |
| 2015 | 43.0% | $378.22 Million | $878.90 Million | $383.14 Million | $4.92 Million | ▲ +2.1 pp |
| 2014 | 41.0% | $334.77 Million | $817.41 Million | $339.78 Million | $5.01 Million | ▲ +19.4 pp |
| 2013 | 21.6% | $168.95 Million | $782.83 Million | $311.63 Million | $142.68 Million | ▲ +326.5 pp |
| 2012 | -304.9% | $-2.22 Billion | $729.18 Million | $296.56 Million | $2.52 Billion | ▲ +48.1 pp |
| 2011 | -353.0% | $-2.46 Billion | $696.14 Million | $420.40 Million | $2.88 Billion | ▼ -75.9 pp |
| 2010 | -277.1% | $-1.99 Billion | $716.42 Million | $305.62 Million | $2.29 Billion | ▼ -355.1 pp |
| 2004 | 78.0% | $404.14 Million | $518.00 Million | $462.06 Million | $57.92 Million | — |