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 63.7% as of June 2026. Working capital of $1.62 Billion (current assets of $1.67 Billion minus current liabilities of $51.01 Million) is measured against net assets of $2.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
USA Rare Earth, Inc. Working Capital to Net Assets (2015–2025)
This chart shows how USA Rare Earth, Inc.'s Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at 63.7%, reflecting working capital of $1.62 Billion against net assets of $2.55 Billion USD. Explore USAR long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Annual Working Capital to Net Assets for USA Rare Earth, Inc. (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for USA Rare Earth, Inc. from 2015 to 2025, covering 11 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 USAR total asset value.
| 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 | ▼ -51.7 pp |
| 2022 | 51.8% | $16.58 Million | $32.05 Million | $27.32 Million | $10.74 Million | ▲ +53.1 pp |
| 2021 | -1.3% | $-30.20 Million | $2.29 Billion | $83.80 Million | $114.01 Million | ▼ -1.3 pp |
| 2020 | 0.0% | $-74.00K | $2.42 Billion | $93.93 Million | $94.00 Million | ▲ +4.2 pp |
| 2019 | -4.2% | $-133.53 Million | $3.14 Billion | $108.56 Million | $242.08 Million | ▲ +40.9 pp |
| 2018 | -45.2% | $-13.94 Million | $30.86 Million | $2.91 Million | $16.84 Million | ▲ +7.2 pp |
| 2017 | -52.3% | $-8.16 Million | $15.61 Million | $5.99 Million | $14.15 Million | ▼ -78.9 pp |
| 2016 | 26.5% | $2.73 Million | $10.27 Million | $9.83 Million | $7.10 Million | ▲ +34.3 pp |
| 2015 | -7.7% | $-43.00K | $558.00K | $72.00K | $115.00K | — |