AZZ Incorporated (AZZ) — Working Capital to Net Assets Ratio
AZZ Incorporated (AZZ) has a Working Capital to Net Assets ratio of 12.2% as of February 2026. Working capital of $163.09 Million (current assets of $395.37 Million minus current liabilities of $232.27 Million) is measured against net assets of $1.34 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of AZZ Incorporated to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AZZ Incorporated Working Capital to Net Assets (1986–2026)
This chart shows how AZZ Incorporated's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2026. As of February 2026, the ratio stands at 12.2%, reflecting working capital of $163.09 Million against net assets of $1.34 Billion USD. Check AZZ Incorporated tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AZZ Incorporated (1986–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for AZZ Incorporated from 1986 to 2026, covering 41 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 AZZ company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 12.2% | $163.09 Million | $1.34 Billion | $395.37 Million | $232.27 Million | ▼ -2.6 pp |
| 2025 | 14.8% | $154.45 Million | $1.05 Billion | $375.44 Million | $220.99 Million | ▼ -3.7 pp |
| 2024 | 18.5% | $172.69 Million | $934.49 Million | $367.00 Million | $194.31 Million | ▼ -8.5 pp |
| 2023 | 27.0% | $230.18 Million | $853.46 Million | $417.42 Million | $187.24 Million | ▼ -8.4 pp |
| 2022 | 35.4% | $236.00 Million | $667.37 Million | $386.53 Million | $150.53 Million | ▲ +4.9 pp |
| 2021 | 30.4% | $189.64 Million | $623.29 Million | $303.49 Million | $113.85 Million | ▲ +18.8 pp |
| 2020 | 11.7% | $73.95 Million | $634.37 Million | $354.56 Million | $280.61 Million | ▼ -23.8 pp |
| 2019 | 35.4% | $213.77 Million | $603.73 Million | $378.55 Million | $164.77 Million | ▲ +0.5 pp |
| 2018 | 34.9% | $197.41 Million | $565.20 Million | $329.15 Million | $131.74 Million | ▲ +5.7 pp |
| 2017 | 29.2% | $154.69 Million | $529.64 Million | $296.54 Million | $141.85 Million | ▼ -4.2 pp |
| 2016 | 33.4% | $160.93 Million | $481.22 Million | $309.33 Million | $148.41 Million | ▼ -2.1 pp |
| 2015 | 35.6% | $149.49 Million | $420.05 Million | $298.63 Million | $149.14 Million | ▼ -4.9 pp |
| 2014 | 40.5% | $152.16 Million | $375.91 Million | $296.18 Million | $144.02 Million | ▼ -2.5 pp |
| 2013 | 43.0% | $143.53 Million | $333.93 Million | $262.43 Million | $118.90 Million | ▼ -35.2 pp |
| 2012 | 78.1% | $224.76 Million | $287.61 Million | $302.74 Million | $77.98 Million | ▼ -10.1 pp |
| 2011 | 88.2% | $225.83 Million | $256.02 Million | $284.02 Million | $58.19 Million | ▲ +16.3 pp |
| 2010 | 71.9% | $163.82 Million | $227.87 Million | $207.45 Million | $43.63 Million | ▲ +5.8 pp |
| 2009 | 66.1% | $123.65 Million | $187.11 Million | $182.02 Million | $58.37 Million | ▲ +24.8 pp |
| 2008 | 41.3% | $60.30 Million | $146.16 Million | $102.99 Million | $42.70 Million | ▼ -14.8 pp |
| 2007 | 56.0% | $62.25 Million | $111.15 Million | $111.97 Million | $49.71 Million | ▲ +24.0 pp |
| 2006 | 32.0% | $27.92 Million | $87.27 Million | $63.45 Million | $35.53 Million | ▼ -1.0 pp |
| 2005 | 33.0% | $24.84 Million | $75.32 Million | $51.16 Million | $26.32 Million | ▲ +3.8 pp |
| 2004 | 29.2% | $20.21 Million | $69.30 Million | $43.71 Million | $23.50 Million | ▼ -8.2 pp |
| 2003 | 37.4% | $23.71 Million | $63.41 Million | $55.06 Million | $31.35 Million | ▼ -11.5 pp |
| 2002 | 48.9% | $26.76 Million | $54.75 Million | $64.83 Million | $38.07 Million | ▲ +5.7 pp |
| 2001 | 43.2% | $18.73 Million | $43.38 Million | $40.04 Million | $21.31 Million | ▼ -2.6 pp |
| 2000 | 45.8% | $15.13 Million | $33.02 Million | $34.96 Million | $19.83 Million | ▼ -9.9 pp |
| 1999 | 55.8% | $15.00 Million | $26.90 Million | $25.80 Million | $10.80 Million | ▲ +7.1 pp |
| 1998 | 48.7% | $16.70 Million | $34.30 Million | $28.40 Million | $11.70 Million | ▲ +6.0 pp |
| 1997 | 42.7% | $12.20 Million | $28.60 Million | $21.60 Million | $9.40 Million | ▲ +8.6 pp |
| 1996 | 34.1% | $7.90 Million | $23.20 Million | $16.80 Million | $8.90 Million | ▼ -13.1 pp |
| 1995 | 47.2% | $10.10 Million | $21.40 Million | $18.40 Million | $8.30 Million | ▲ +9.2 pp |
| 1994 | 37.9% | $7.40 Million | $19.50 Million | $14.30 Million | $6.90 Million | ▲ +5.4 pp |
| 1993 | 32.6% | $5.80 Million | $17.80 Million | $11.30 Million | $5.50 Million | ▲ +4.8 pp |
| 1992 | 27.7% | $4.80 Million | $17.30 Million | $9.90 Million | $5.10 Million | ▼ -4.0 pp |
| 1991 | 31.7% | $5.30 Million | $16.70 Million | $10.90 Million | $5.60 Million | ▲ +4.6 pp |
| 1990 | 27.2% | $4.10 Million | $15.10 Million | $6.90 Million | $2.80 Million | ▲ +3.6 pp |
| 1989 | 23.6% | $3.30 Million | $14.00 Million | $6.80 Million | $3.50 Million | ▼ -7.5 pp |
| 1988 | 31.1% | $4.20 Million | $13.50 Million | $7.20 Million | $3.00 Million | ▲ +0.2 pp |
| 1987 | 31.0% | $3.90 Million | $12.60 Million | $5.90 Million | $2.00 Million | ▼ -11.4 pp |
| 1986 | 42.4% | $7.20 Million | $17.00 Million | $10.20 Million | $3.00 Million | — |