ESAB Corp (ESAB) — Working Capital to Net Assets Ratio
ESAB Corp (ESAB) has a Working Capital to Net Assets ratio of 64.4% as of March 2026. Working capital of $1.44 Billion (current assets of $2.17 Billion minus current liabilities of $730.00 Million) is measured against net assets of $2.24 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ESAB Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ESAB Corp Working Capital to Net Assets (2019–2025)
This chart shows how ESAB Corp's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 64.4%, reflecting working capital of $1.44 Billion against net assets of $2.24 Billion USD. For the complete balance sheet picture, see ESAB current and non-current assets.
Annual Working Capital to Net Assets for ESAB Corp (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ESAB Corp from 2019 to 2025, covering 7 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. Read ESAB total debt and obligations for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 27.0% | $597.12 Million | $2.21 Billion | $1.26 Billion | $664.79 Million | ▼ -1.6 pp |
| 2024 | 28.6% | $516.33 Million | $1.81 Billion | $1.15 Billion | $632.05 Million | ▲ +5.6 pp |
| 2023 | 22.9% | $377.64 Million | $1.65 Billion | $997.72 Million | $620.08 Million | ▼ -5.0 pp |
| 2022 | 27.9% | $387.10 Million | $1.39 Billion | $988.67 Million | $601.58 Million | ▲ +13.2 pp |
| 2021 | 14.7% | $367.48 Million | $2.50 Billion | $964.07 Million | $596.59 Million | ▲ +1.2 pp |
| 2020 | 13.5% | $344.11 Million | $2.54 Billion | $804.95 Million | $460.84 Million | ▼ -5.1 pp |
| 2019 | 18.6% | $498.07 Million | $2.68 Billion | $933.90 Million | $435.83 Million | — |