Agree Realty Corporation (ADC) — Working Capital to Net Assets Ratio
Agree Realty Corporation (ADC) has a Working Capital to Net Assets ratio of -0.5% as of March 2026. Working capital of $-31.54 Million (current assets of $154.69 Million minus current liabilities of $186.23 Million) is measured against net assets of $6.23 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Agree Realty Corporation to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Agree Realty Corporation Working Capital to Net Assets (1996–2025)
This chart shows how Agree Realty Corporation's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of March 2026, the ratio stands at -0.5%, reflecting working capital of $-31.54 Million against net assets of $6.23 Billion USD. See ADC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Agree Realty Corporation (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Agree Realty Corporation from 1996 to 2025, covering 30 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 ADC market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -0.5% | $-28.44 Million | $6.27 Billion | $143.10 Million | $171.54 Million | ▲ +0.1 pp |
| 2024 | -0.6% | $-31.30 Million | $5.51 Billion | $112.81 Million | $144.12 Million | ▼ -0.1 pp |
| 2023 | -0.5% | $-25.82 Million | $5.20 Billion | $101.12 Million | $126.94 Million | ▼ -0.3 pp |
| 2022 | -0.2% | $-11.32 Million | $4.63 Billion | $94.75 Million | $106.07 Million | ▼ -0.8 pp |
| 2021 | 0.5% | $17.48 Million | $3.42 Billion | $104.37 Million | $86.89 Million | ▲ +2.8 pp |
| 2020 | -2.3% | $-58.97 Million | $2.53 Billion | $46.96 Million | $105.94 Million | ▼ -2.3 pp |
| 2019 | -0.1% | $-1.29 Million | $1.69 Billion | $72.72 Million | $74.00 Million | ▼ -3.3 pp |
| 2018 | 3.2% | $39.81 Million | $1.24 Billion | $75.52 Million | $35.71 Million | ▼ -1.8 pp |
| 2017 | 5.0% | $45.80 Million | $911.19 Million | $76.68 Million | $30.88 Million | ▲ +1.5 pp |
| 2016 | 3.5% | $24.05 Million | $685.51 Million | $44.93 Million | $20.88 Million | ▲ +4.5 pp |
| 2015 | -1.0% | $-4.64 Million | $453.62 Million | $10.13 Million | $14.77 Million | ▼ -1.5 pp |
| 2014 | 0.5% | $1.86 Million | $356.04 Million | $9.91 Million | $8.05 Million | ▼ -5.1 pp |
| 2013 | 5.6% | $16.40 Million | $292.22 Million | $22.64 Million | $6.24 Million | ▲ +4.0 pp |
| 2012 | 1.6% | $3.26 Million | $197.97 Million | $7.97 Million | $4.71 Million | ▲ +27.2 pp |
| 2011 | -25.5% | $-41.41 Million | $162.22 Million | $21.50 Million | $62.91 Million | ▼ -22.4 pp |
| 2010 | -3.1% | $-5.16 Million | $167.13 Million | $1.92 Million | $7.08 Million | ▲ +27.6 pp |
| 2009 | -30.6% | $-42.86 Million | $139.83 Million | $2.68 Million | $45.53 Million | ▼ -26.9 pp |
| 2008 | -3.8% | $-5.21 Million | $137.98 Million | $1.63 Million | $6.85 Million | ▲ +14.5 pp |
| 2007 | -18.3% | $-25.10 Million | $137.51 Million | $1.00 | $25.10 Million | ▼ -0.4 pp |
| 2006 | -17.8% | $-24.30 Million | $136.30 Million | $1.00 | $24.30 Million | ▲ +0.2 pp |
| 2005 | -18.0% | $-24.60 Million | $136.61 Million | $1.00 | $24.60 Million | ▲ +6.2 pp |
| 2004 | -24.2% | $-25.10 Million | $103.51 Million | $1.00 | $25.10 Million | ▼ -13.0 pp |
| 2003 | -11.3% | $-11.50 Million | $102.01 Million | $1.00 | $11.50 Million | ▲ +3.0 pp |
| 2002 | -14.2% | $-8.32 Million | $58.41 Million | $1.88 Million | $10.20 Million | ▲ +0.5 pp |
| 2001 | -14.7% | $-8.43 Million | $57.33 Million | $1.77 Million | $10.20 Million | ▲ +0.4 pp |
| 2000 | -15.1% | $-8.64 Million | $57.13 Million | $1.86 Million | $10.50 Million | ▲ +0.7 pp |
| 1999 | -15.8% | $-9.17 Million | $57.89 Million | $1.63 Million | $10.80 Million | ▼ -0.3 pp |
| 1998 | -15.6% | $-9.26 Million | $59.47 Million | $1.64 Million | $10.90 Million | ▼ -2.3 pp |
| 1997 | -13.3% | $-8.04 Million | $60.62 Million | $2.26 Million | $10.30 Million | ▲ +13.3 pp |
| 1996 | -26.6% | $-8.07 Million | $30.31 Million | $933.12K | $9.00 Million | — |