American Axle & Manufacturing Working Capital to Net Assets Ratio
American Axle & Manufacturing working capital to net assets ratio. American Axle & Manufacturing (AXL) has a Working Capital to Net Assets ratio of 375.2% as of December 2025. Working capital of $2.40 Billion (current assets of $3.63 Billion minus current liabilities of $1.23 Billion) is measured against net assets of $640.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of American Axle & Manufacturing (1998–2025)
Working capital to net assets ratio of American Axle & Manufacturing from 1998 to 2025. This chart shows how American Axle & Manufacturing's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 375.2%, reflecting working capital of $2.40 Billion against net assets of $640.00 Million USD. Explore AXL strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
American Axle & Manufacturing Working Capital to Net Assets Ratio by Year (1998–2025)
American Axle & Manufacturing working capital to net assets ratio by year from 1998 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for American Axle & Manufacturing from 1998 to 2025, covering 28 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 American Axle & Manufacturing (AXL) total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 375.2% | $2.40 Billion | $640.00 Million | $3.63 Billion | $1.23 Billion | ▲ +243.7 pp |
| 2024 | 131.4% | $739.60 Million | $562.80 Million | $1.91 Billion | $1.18 Billion | ▼ -1.7 pp |
| 2023 | 133.1% | $805.00 Million | $604.90 Million | $2.01 Billion | $1.20 Billion | ▲ +6.5 pp |
| 2022 | 126.6% | $794.10 Million | $627.30 Million | $1.99 Billion | $1.20 Billion | ▼ -51.7 pp |
| 2021 | 178.3% | $816.10 Million | $457.80 Million | $1.86 Billion | $1.04 Billion | ▼ -62.3 pp |
| 2020 | 240.5% | $897.70 Million | $373.20 Million | $1.88 Billion | $979.30 Million | ▲ +155.7 pp |
| 2019 | 84.8% | $831.40 Million | $980.40 Million | $1.86 Billion | $1.03 Billion | ▲ +39.5 pp |
| 2018 | 45.3% | $673.00 Million | $1.49 Billion | $2.03 Billion | $1.36 Billion | ▼ -2.0 pp |
| 2017 | 47.3% | $728.60 Million | $1.54 Billion | $1.95 Billion | $1.22 Billion | ▼ -81.9 pp |
| 2016 | 129.2% | $685.00 Million | $530.00 Million | $1.34 Billion | $651.50 Million | ▼ -11.7 pp |
| 2015 | 141.0% | $425.00 Million | $301.50 Million | $1.12 Billion | $699.20 Million | ▼ -257.9 pp |
| 2014 | 398.9% | $452.30 Million | $113.40 Million | $1.14 Billion | $687.20 Million | ▼ -585.4 pp |
| 2013 | 984.2% | $330.70 Million | $33.60 Million | $997.80 Million | $667.10 Million | ▲ +1208.8 pp |
| 2012 | -224.6% | $271.30 Million | $-120.80 Million | $872.10 Million | $600.80 Million | ▼ -180.0 pp |
| 2011 | -44.6% | $187.00 Million | $-419.60 Million | $763.10 Million | $576.10 Million | ▼ -37.0 pp |
| 2010 | -7.5% | $35.20 Million | $-468.10 Million | $602.10 Million | $566.90 Million | ▲ +5.2 pp |
| 2009 | -12.7% | $71.10 Million | $-559.90 Million | $516.60 Million | $445.50 Million | ▲ +28.1 pp |
| 2008 | -40.8% | $177.60 Million | $-435.70 Million | $695.30 Million | $517.70 Million | ▼ -88.3 pp |
| 2007 | 47.5% | $423.00 Million | $890.70 Million | $934.60 Million | $511.60 Million | ▲ +35.4 pp |
| 2006 | 12.1% | $98.10 Million | $813.70 Million | $639.40 Million | $541.30 Million | ▲ +6.8 pp |
| 2005 | 5.2% | $52.20 Million | $994.80 Million | $601.40 Million | $549.20 Million | ▲ +4.5 pp |
| 2004 | 0.7% | $7.00 Million | $955.50 Million | $592.60 Million | $585.60 Million | ▼ -0.3 pp |
| 2003 | 1.0% | $9.50 Million | $954.70 Million | $563.70 Million | $554.20 Million | ▼ -3.4 pp |
| 2002 | 4.4% | $30.90 Million | $703.60 Million | $566.10 Million | $535.20 Million | ▲ +4.2 pp |
| 2001 | 0.2% | $1.00 Million | $534.70 Million | $478.00 Million | $477.00 Million | ▲ +2.8 pp |
| 2000 | -2.6% | $-9.70 Million | $372.00 Million | $500.60 Million | $510.30 Million | ▼ -26.4 pp |
| 1999 | 23.8% | $62.80 Million | $263.70 Million | $509.50 Million | $446.70 Million | ▲ +193.9 pp |
| 1998 | -170.1% | $-68.90 Million | $40.50 Million | $294.00 Million | $362.90 Million | — |