USA Rare Earth, Inc. (USAR) — Working Capital to Net Assets Ratio
USA Rare Earth, Inc. (USAR) has a Working Capital to Net Assets ratio of 92.7% as of March 2026. Working capital of $1.74 Billion (current assets of $1.79 Billion minus current liabilities of $49.34 Million) is measured against net assets of $1.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see USAR total assets.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
USA Rare Earth, Inc. Working Capital to Net Assets (2022–2025)
This chart shows how USA Rare Earth, Inc.'s Working Capital to Net Assets ratio has evolved across 4 annual periods from 2022 to 2025. As of March 2026, the ratio stands at 92.7%, reflecting working capital of $1.74 Billion against net assets of $1.88 Billion USD. Check USA Rare Earth, Inc. (USAR) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for USA Rare Earth, Inc. (2022–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for USA Rare Earth, Inc. from 2022 to 2025, covering 4 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. Explore investment intensity of USA Rare Earth, Inc. to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 70.3% | $347.46 Million | $494.29 Million | $385.38 Million | $37.91 Million | ▲ +23.5 pp |
| 2024 | 46.8% | $15.35 Million | $32.77 Million | $22.27 Million | $6.92 Million | ▲ +46.8 pp |
| 2023 | 0.1% | $189.67K | $246.06 Million | $499.66K | $309.99K | ▲ +0.7 pp |
| 2022 | -0.6% | $-13.08 Million | $2.19 Billion | $88.99 Million | $102.08 Million | — |