Biglari Holdings Inc (BH) — Working Capital to Net Assets Ratio
Biglari Holdings Inc (BH) has a Working Capital to Net Assets ratio of 40.8% as of March 2026. Working capital of $211.89 Million (current assets of $356.21 Million minus current liabilities of $144.32 Million) is measured against net assets of $519.16 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Biglari Holdings Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Biglari Holdings Inc Working Capital to Net Assets (1986–2025)
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 March 2026, the ratio stands at 40.8%, reflecting working capital of $211.89 Million against net assets of $519.16 Million USD. Check Biglari Holdings Inc (BH) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Biglari Holdings Inc (1986–2025)
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 live market cap and the full company profile, see Biglari Holdings Inc stock valuation.
| 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 | ▼ -2.8 pp |
| 2023 | 6.9% | $41.45 Million | $599.33 Million | $152.55 Million | $111.10 Million | ▲ +4.1 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 | — |