Argan Inc (AGX) — Working Capital to Net Assets Ratio
Argan Inc (AGX) has a Working Capital to Net Assets ratio of 88.7% as of April 2026. Working capital of $421.42 Million (current assets of $1.22 Billion minus current liabilities of $794.69 Million) is measured against net assets of $474.95 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Argan Inc to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Argan Inc Working Capital to Net Assets (1988–2026)
This chart shows how Argan Inc's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1988 to 2026. As of April 2026, the ratio stands at 88.7%, reflecting working capital of $421.42 Million against net assets of $474.95 Million USD. See AGX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Argan Inc (1988–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Argan Inc from 1988 to 2026, covering 38 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 AGX market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 92.1% | $425.76 Million | $462.26 Million | $1.13 Billion | $706.50 Million | ▲ +6.4 pp |
| 2025 | 85.7% | $301.44 Million | $351.86 Million | $781.30 Million | $479.86 Million | ▲ +1.5 pp |
| 2024 | 84.2% | $244.92 Million | $290.94 Million | $547.18 Million | $302.26 Million | ▲ +0.1 pp |
| 2023 | 84.1% | $236.20 Million | $280.90 Million | $438.70 Million | $202.50 Million | ▼ -3.2 pp |
| 2022 | 87.3% | $284.26 Million | $325.60 Million | $507.28 Million | $223.03 Million | ▲ +3.5 pp |
| 2021 | 83.8% | $270.13 Million | $322.41 Million | $546.22 Million | $276.09 Million | ▲ +2.4 pp |
| 2020 | 81.4% | $277.72 Million | $341.03 Million | $421.75 Million | $144.03 Million | ▼ -3.3 pp |
| 2019 | 84.7% | $334.07 Million | $394.37 Million | $416.35 Million | $82.28 Million | ▲ +0.4 pp |
| 2018 | 84.3% | $301.76 Million | $358.13 Million | $545.75 Million | $243.99 Million | ▲ +3.2 pp |
| 2017 | 81.1% | $237.22 Million | $292.57 Million | $587.95 Million | $350.72 Million | ▲ +7.2 pp |
| 2016 | 73.9% | $164.01 Million | $221.85 Million | $351.72 Million | $187.71 Million | ▼ -11.2 pp |
| 2015 | 85.1% | $148.92 Million | $174.95 Million | $364.35 Million | $215.43 Million | ▲ +0.6 pp |
| 2014 | 84.5% | $133.32 Million | $157.78 Million | $298.56 Million | $165.24 Million | ▲ +10.2 pp |
| 2013 | 74.3% | $88.56 Million | $119.17 Million | $204.11 Million | $115.55 Million | ▼ -1.3 pp |
| 2012 | 75.6% | $76.30 Million | $100.96 Million | $180.58 Million | $104.28 Million | ▲ +0.6 pp |
| 2011 | 74.9% | $73.17 Million | $97.64 Million | $106.04 Million | $32.87 Million | ▲ +3.2 pp |
| 2010 | 71.7% | $63.36 Million | $88.37 Million | $95.23 Million | $31.87 Million | ▲ +3.9 pp |
| 2009 | 67.8% | $53.61 Million | $79.11 Million | $107.75 Million | $54.14 Million | ▲ +28.4 pp |
| 2008 | 39.4% | $16.50 Million | $41.87 Million | $116.25 Million | $99.75 Million | ▲ +11.3 pp |
| 2007 | 28.1% | $12.51 Million | $44.51 Million | $80.92 Million | $68.42 Million | ▲ +15.1 pp |
| 2006 | 13.0% | $1.52 Million | $11.69 Million | $8.36 Million | $6.84 Million | ▼ -4.7 pp |
| 2005 | 17.7% | $2.74 Million | $15.50 Million | $8.24 Million | $5.50 Million | ▼ -46.8 pp |
| 2004 | 64.4% | $8.29 Million | $12.87 Million | $11.00 Million | $2.71 Million | ▼ -5.5 pp |
| 2003 | 69.9% | $2.65 Million | $3.80 Million | $3.35 Million | $692.50K | ▲ +7.0 pp |
| 2002 | 62.9% | $2.19 Million | $3.48 Million | $3.64 Million | $1.45 Million | ▲ +2.4 pp |
| 2001 | 60.5% | $2.42 Million | $4.00 Million | $3.98 Million | $1.56 Million | ▲ +5.9 pp |
| 2000 | 54.6% | $2.19 Million | $4.02 Million | $3.54 Million | $1.35 Million | ▼ -3.0 pp |
| 1999 | 57.6% | $2.79 Million | $4.85 Million | $4.28 Million | $1.49 Million | ▼ -6.3 pp |
| 1998 | 63.8% | $2.54 Million | $3.98 Million | $3.61 Million | $1.07 Million | ▼ -8.3 pp |
| 1997 | 72.2% | $2.52 Million | $3.49 Million | $3.12 Million | $605.88K | ▲ +73.4 pp |
| 1996 | -1.2% | $-13.27K | $1.08 Million | $2.87 Million | $2.88 Million | ▼ -36.0 pp |
| 1994 | 34.8% | $800.00K | $2.30 Million | $5.70 Million | $4.90 Million | ▲ +23.7 pp |
| 1993 | 11.1% | $200.00K | $1.80 Million | $6.20 Million | $6.00 Million | ▼ -80.8 pp |
| 1992 | 91.9% | $3.40 Million | $3.70 Million | $6.90 Million | $3.50 Million | ▼ -15.5 pp |
| 1991 | 107.4% | $2.90 Million | $2.70 Million | $6.10 Million | $3.20 Million | ▼ -20.4 pp |
| 1990 | 127.8% | $2.30 Million | $1.80 Million | $4.20 Million | $1.90 Million | ▲ +36.1 pp |
| 1989 | 91.7% | $1.10 Million | $1.20 Million | $3.50 Million | $2.40 Million | ▼ -41.7 pp |
| 1988 | 133.3% | $1.20 Million | $900.00K | $3.90 Million | $2.70 Million | — |