Biglari Holdings Inc Working Capital to Net Assets Ratio
Biglari Holdings Inc working capital to net assets ratio. Biglari Holdings Inc (BH-A) has a Working Capital to Net Assets ratio of 41.8% as of June 2026. Working capital of $227.04 Million (current assets of $383.92 Million minus current liabilities of $156.88 Million) is measured against net assets of $543.79 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of Biglari Holdings Inc to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Biglari Holdings Inc (1986–2025)
Working capital to net assets ratio of Biglari Holdings Inc from 1986 to 2025. This chart shows how Biglari Holdings Inc's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of June 2026, the ratio stands at 41.8%, reflecting working capital of $227.04 Million against net assets of $543.79 Million USD. See how many days can Biglari Holdings Inc fund operations to measure how many days the company can operate on defensive assets alone.
Biglari Holdings Inc Working Capital to Net Assets Ratio by Year (1986–2025)
Biglari Holdings Inc working capital to net assets ratio by year from 1986 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Biglari Holdings Inc from 1986 to 2025, covering 40 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 balance sheet size of Biglari Holdings Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 41.8% | $218.66 Million | $523.43 Million | $374.65 Million | $156.00 Million | ▲ +37.7 pp |
| 2024 | 4.1% | $23.30 Million | $572.96 Million | $170.62 Million | $147.32 Million | ▼ -2.7 pp |
| 2023 | 6.7% | $40.43 Million | $599.33 Million | $151.53 Million | $111.10 Million | ▲ +3.9 pp |
| 2022 | 2.8% | $15.76 Million | $555.57 Million | $150.65 Million | $134.90 Million | ▼ -0.8 pp |
| 2021 | 3.6% | $21.17 Million | $587.70 Million | $164.81 Million | $143.64 Million | ▲ +28.5 pp |
| 2020 | -24.9% | $-140.67 Million | $564.83 Million | $147.78 Million | $288.45 Million | ▼ -25.8 pp |
| 2019 | 0.9% | $5.57 Million | $616.30 Million | $145.39 Million | $139.82 Million | ▲ +2.3 pp |
| 2018 | -1.4% | $-8.05 Million | $570.46 Million | $114.93 Million | $122.98 Million | ▲ +2.6 pp |
| 2017 | -4.0% | $-22.85 Million | $571.33 Million | $112.64 Million | $135.49 Million | ▼ -5.5 pp |
| 2016 | 1.5% | $7.78 Million | $531.94 Million | $127.79 Million | $120.01 Million | ▼ -0.6 pp |
| 2015 | 2.0% | $9.23 Million | $451.37 Million | $126.79 Million | $117.56 Million | ▼ -9.4 pp |
| 2014 | 11.5% | $73.23 Million | $638.72 Million | $186.27 Million | $113.03 Million | ▼ -3.5 pp |
| 2013 | 15.0% | $84.47 Million | $564.59 Million | $197.49 Million | $113.01 Million | ▼ -41.0 pp |
| 2012 | 56.0% | $224.70 Million | $401.21 Million | $349.00 Million | $124.29 Million | ▲ +17.3 pp |
| 2011 | 38.7% | $125.72 Million | $324.93 Million | $240.58 Million | $114.87 Million | ▲ +32.6 pp |
| 2010 | 6.1% | $19.07 Million | $311.24 Million | $109.83 Million | $90.76 Million | ▲ +0.9 pp |
| 2009 | 5.2% | $15.18 Million | $292.05 Million | $90.72 Million | $75.53 Million | ▲ +10.6 pp |
| 2008 | -5.4% | $-15.38 Million | $283.58 Million | $60.94 Million | $76.32 Million | ▲ +8.7 pp |
| 2007 | -14.2% | $-42.94 Million | $303.07 Million | $49.14 Million | $92.08 Million | ▲ +4.0 pp |
| 2006 | -18.2% | $-52.16 Million | $287.04 Million | $30.92 Million | $83.08 Million | ▼ -1.3 pp |
| 2005 | -16.9% | $-43.61 Million | $258.51 Million | $24.16 Million | $67.77 Million | ▼ -10.0 pp |
| 2004 | -6.8% | $-15.45 Million | $225.49 Million | $50.31 Million | $65.75 Million | ▲ +1.5 pp |
| 2003 | -8.4% | $-16.24 Million | $193.89 Million | $41.98 Million | $58.21 Million | ▲ +10.6 pp |
| 2002 | -19.0% | $-31.66 Million | $167.05 Million | $18.63 Million | $50.29 Million | ▼ -16.0 pp |
| 2001 | -2.9% | $-4.84 Million | $165.80 Million | $34.17 Million | $39.01 Million | ▲ +11.9 pp |
| 2000 | -14.8% | $-22.48 Million | $152.11 Million | $18.62 Million | $41.10 Million | ▼ -2.7 pp |
| 1999 | -12.1% | $-16.40 Million | $135.50 Million | $25.10 Million | $41.50 Million | ▼ -10.9 pp |
| 1998 | -1.2% | $-1.50 Million | $120.40 Million | $35.00 Million | $36.50 Million | ▲ +18.6 pp |
| 1997 | -19.9% | $-18.50 Million | $93.00 Million | $20.00 Million | $38.50 Million | ▲ +18.5 pp |
| 1996 | -38.4% | $-22.20 Million | $57.80 Million | $15.10 Million | $37.30 Million | ▼ -4.4 pp |
| 1995 | -34.0% | $-14.50 Million | $42.60 Million | $14.50 Million | $29.00 Million | ▼ -8.1 pp |
| 1994 | -25.9% | $-5.10 Million | $19.70 Million | $19.40 Million | $24.50 Million | ▼ -6.1 pp |
| 1993 | -19.8% | $-2.20 Million | $11.10 Million | $16.30 Million | $18.50 Million | ▼ -14.3 pp |
| 1992 | -5.6% | $-100.00K | $1.80 Million | $19.40 Million | $19.50 Million | ▼ -98.7 pp |
| 1991 | 93.2% | $-4.10 Million | $-4.40 Million | $13.10 Million | $17.20 Million | ▲ +144.3 pp |
| 1990 | -51.1% | $-11.50 Million | $22.50 Million | $5.70 Million | $17.20 Million | ▼ -17.2 pp |
| 1989 | -33.9% | $-6.10 Million | $18.00 Million | $7.60 Million | $13.70 Million | ▼ -4.2 pp |
| 1988 | -29.7% | $-4.10 Million | $13.80 Million | $6.90 Million | $11.00 Million | ▲ +18.4 pp |
| 1987 | -48.1% | $-6.20 Million | $12.90 Million | $6.80 Million | $13.00 Million | ▲ +14.9 pp |
| 1986 | -63.0% | $-6.80 Million | $10.80 Million | $4.50 Million | $11.30 Million | — |