GrafTech International Ltd (EAF) — Working Capital to Net Assets Ratio
GrafTech International Ltd (EAF) has a Working Capital to Net Assets ratio of -137.3% as of December 2025. Working capital of $356.34 Million (current assets of $484.53 Million minus current liabilities of $128.19 Million) is measured against net assets of $-259.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See EAF free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
GrafTech International Ltd Working Capital to Net Assets (1994–2025)
This chart shows how GrafTech International Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of December 2025, the ratio stands at -137.3%, reflecting working capital of $356.34 Million against net assets of $-259.63 Million USD. See GrafTech International Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for GrafTech International Ltd (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for GrafTech International Ltd from 1994 to 2025, covering 32 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 EAF stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -137.3% | $356.34 Million | $-259.63 Million | $484.53 Million | $128.19 Million | ▲ +492.5 pp |
| 2024 | -629.7% | $496.87 Million | $-78.90 Million | $636.80 Million | $139.93 Million | ▼ -1248.6 pp |
| 2023 | 618.9% | $484.25 Million | $78.25 Million | $674.79 Million | $190.54 Million | ▲ +447.9 pp |
| 2022 | 171.0% | $577.38 Million | $337.71 Million | $815.23 Million | $237.85 Million | ▼ -1509.6 pp |
| 2021 | 1680.6% | $393.29 Million | $23.40 Million | $627.86 Million | $234.57 Million | ▲ +1811.4 pp |
| 2020 | -130.9% | $431.07 Million | $-329.38 Million | $629.17 Million | $198.09 Million | ▼ -64.0 pp |
| 2019 | -66.9% | $462.37 Million | $-691.07 Million | $682.58 Million | $220.21 Million | ▼ -38.0 pp |
| 2018 | -28.9% | $310.92 Million | $-1.08 Billion | $638.05 Million | $327.13 Million | ▼ -158.0 pp |
| 2017 | 129.1% | $-1.82 Billion | $-1.41 Billion | $354.54 Million | $2.17 Billion | ▲ +91.3 pp |
| 2016 | 37.8% | $218.53 Million | $577.38 Million | $330.93 Million | $112.41 Million | ▼ -3.0 pp |
| 2015 | 40.8% | $330.76 Million | $810.53 Million | $426.88 Million | $96.12 Million | ▲ +11.6 pp |
| 2014 | 29.2% | $293.09 Million | $1.00 Billion | $645.00 Million | $351.90 Million | ▼ -13.2 pp |
| 2013 | 42.4% | $559.78 Million | $1.32 Billion | $775.66 Million | $215.88 Million | ▼ -0.4 pp |
| 2012 | 42.8% | $577.62 Million | $1.35 Billion | $823.00 Million | $245.38 Million | ▲ +8.9 pp |
| 2011 | 33.9% | $454.70 Million | $1.34 Billion | $731.95 Million | $277.25 Million | ▲ +7.5 pp |
| 2010 | 26.4% | $325.24 Million | $1.23 Billion | $545.88 Million | $220.64 Million | ▼ -16.6 pp |
| 2009 | 43.1% | $248.57 Million | $577.06 Million | $428.90 Million | $180.33 Million | ▼ -1.1 pp |
| 2008 | 44.2% | $222.80 Million | $504.59 Million | $463.42 Million | $240.62 Million | ▼ -226.6 pp |
| 2007 | 270.7% | $305.11 Million | $112.70 Million | $508.79 Million | $203.68 Million | ▲ +587.1 pp |
| 2006 | -316.4% | $348.65 Million | $-110.20 Million | $569.25 Million | $220.59 Million | ▼ -182.1 pp |
| 2005 | -134.2% | $245.27 Million | $-182.71 Million | $459.69 Million | $214.41 Million | ▲ +978.8 pp |
| 2004 | -1113.0% | $256.00 Million | $-23.00 Million | $480.00 Million | $224.00 Million | ▼ -1016.1 pp |
| 2003 | -96.9% | $94.00 Million | $-97.00 Million | $388.00 Million | $294.00 Million | ▼ -66.1 pp |
| 2002 | -30.8% | $108.00 Million | $-351.00 Million | $313.00 Million | $205.00 Million | ▲ +5.7 pp |
| 2001 | -36.5% | $112.00 Million | $-307.00 Million | $322.00 Million | $210.00 Million | ▼ -3.0 pp |
| 2000 | -33.4% | $101.00 Million | $-302.00 Million | $361.00 Million | $260.00 Million | ▲ +4.2 pp |
| 1999 | -37.6% | $105.00 Million | $-279.00 Million | $420.00 Million | $315.00 Million | ▲ +36.5 pp |
| 1998 | -74.1% | $203.00 Million | $-274.00 Million | $578.00 Million | $375.00 Million | ▼ -46.6 pp |
| 1997 | -27.5% | $64.00 Million | $-233.00 Million | $566.00 Million | $502.00 Million | ▼ -5877.5 pp |
| 1996 | 5850.0% | $234.00 Million | $4.00 Million | $483.00 Million | $249.00 Million | ▲ +5961.5 pp |
| 1995 | -111.5% | $175.00 Million | $-157.00 Million | $403.00 Million | $228.00 Million | ▼ -190.7 pp |
| 1994 | 79.3% | $195.00 Million | $246.00 Million | $362.00 Million | $167.00 Million | — |