Freeport-McMoran Copper & Gold Inc (FCX) — Working Capital to Net Assets Ratio
Freeport-McMoran Copper & Gold Inc (FCX) has a Working Capital to Net Assets ratio of 25.3% as of December 2025. Working capital of $7.77 Billion (current assets of $13.79 Billion minus current liabilities of $6.02 Billion) is measured against net assets of $30.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See FCX equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Freeport-McMoran Copper & Gold Inc Working Capital to Net Assets (1987–2025)
This chart shows how Freeport-McMoran Copper & Gold Inc's Working Capital to Net Assets ratio has evolved across 39 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 25.3%, reflecting working capital of $7.77 Billion against net assets of $30.77 Billion USD. Check tangible equity quality of Freeport-McMoran Copper & Gold Inc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Freeport-McMoran Copper & Gold Inc (1987–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Freeport-McMoran Copper & Gold Inc from 1987 to 2025, covering 39 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 FCX market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 25.3% | $7.77 Billion | $30.77 Billion | $13.79 Billion | $6.02 Billion | ▼ -1.8 pp |
| 2024 | 27.1% | $7.80 Billion | $28.78 Billion | $13.30 Billion | $5.50 Billion | ▼ -3.1 pp |
| 2023 | 30.2% | $8.25 Billion | $27.31 Billion | $14.06 Billion | $5.82 Billion | ▼ -7.1 pp |
| 2022 | 37.3% | $9.27 Billion | $24.87 Billion | $15.61 Billion | $6.34 Billion | ▼ -1.6 pp |
| 2021 | 38.8% | $8.94 Billion | $23.02 Billion | $14.83 Billion | $5.89 Billion | ▲ +7.3 pp |
| 2020 | 31.5% | $5.89 Billion | $18.67 Billion | $9.30 Billion | $3.42 Billion | ▲ +5.2 pp |
| 2019 | 26.3% | $4.59 Billion | $17.45 Billion | $7.80 Billion | $3.21 Billion | ▼ -16.0 pp |
| 2018 | 42.3% | $7.40 Billion | $17.49 Billion | $10.72 Billion | $3.32 Billion | ▼ -8.5 pp |
| 2017 | 50.8% | $5.74 Billion | $11.30 Billion | $10.78 Billion | $5.04 Billion | ▼ -15.8 pp |
| 2016 | 66.7% | $6.17 Billion | $9.26 Billion | $10.44 Billion | $4.26 Billion | ▲ +42.0 pp |
| 2015 | 24.6% | $3.15 Billion | $12.81 Billion | $7.46 Billion | $4.31 Billion | ▲ +8.1 pp |
| 2014 | 16.5% | $3.83 Billion | $23.23 Billion | $9.03 Billion | $5.20 Billion | ▼ -3.5 pp |
| 2013 | 20.0% | $5.18 Billion | $25.95 Billion | $9.99 Billion | $4.81 Billion | ▼ -12.6 pp |
| 2012 | 32.6% | $6.95 Billion | $21.31 Billion | $10.30 Billion | $3.34 Billion | ▼ -5.7 pp |
| 2011 | 38.3% | $7.11 Billion | $18.55 Billion | $10.05 Billion | $2.94 Billion | ▼ -3.5 pp |
| 2010 | 41.8% | $6.09 Billion | $14.56 Billion | $9.85 Billion | $3.76 Billion | ▲ +0.5 pp |
| 2009 | 41.3% | $4.45 Billion | $10.77 Billion | $7.43 Billion | $2.98 Billion | ▲ +13.2 pp |
| 2008 | 28.1% | $2.00 Billion | $7.12 Billion | $5.15 Billion | $3.15 Billion | ▲ +17.7 pp |
| 2007 | 10.4% | $2.03 Billion | $19.47 Billion | $5.90 Billion | $3.87 Billion | ▼ -33.9 pp |
| 2006 | 44.3% | $1.18 Billion | $2.66 Billion | $2.15 Billion | $972.45 Million | ▲ +12.7 pp |
| 2005 | 31.6% | $653.40 Million | $2.07 Billion | $2.02 Billion | $1.37 Billion | ▼ -23.5 pp |
| 2004 | 55.1% | $762.38 Million | $1.38 Billion | $1.46 Billion | $697.56 Million | ▲ +6.5 pp |
| 2003 | 48.6% | $468.35 Million | $963.54 Million | $1.10 Billion | $631.78 Million | ▲ +23.4 pp |
| 2002 | 25.2% | $100.11 Million | $396.51 Million | $637.98 Million | $537.87 Million | ▲ +65.9 pp |
| 2001 | -40.6% | $-80.16 Million | $197.40 Million | $548.27 Million | $628.43 Million | ▼ -30.1 pp |
| 2000 | -10.5% | $-64.79 Million | $616.73 Million | $569.12 Million | $633.91 Million | ▼ -16.2 pp |
| 1999 | 5.7% | $49.40 Million | $866.30 Million | $564.50 Million | $515.10 Million | ▲ +2.0 pp |
| 1998 | 3.7% | $27.40 Million | $749.90 Million | $545.90 Million | $518.50 Million | ▲ +5.2 pp |
| 1997 | -1.5% | $-12.60 Million | $839.40 Million | $463.10 Million | $475.70 Million | ▼ -6.4 pp |
| 1996 | 4.9% | $63.30 Million | $1.28 Billion | $661.20 Million | $597.90 Million | ▼ -3.6 pp |
| 1995 | 8.5% | $126.50 Million | $1.48 Billion | $653.30 Million | $526.80 Million | ▼ -2.4 pp |
| 1994 | 10.9% | $171.80 Million | $1.58 Billion | $603.40 Million | $431.60 Million | ▼ -0.6 pp |
| 1993 | 11.4% | $140.50 Million | $1.23 Billion | $428.20 Million | $287.70 Million | ▼ -62.3 pp |
| 1992 | 73.7% | $492.50 Million | $667.90 Million | $661.10 Million | $168.60 Million | ▼ -177.3 pp |
| 1991 | 251.0% | $468.60 Million | $186.70 Million | $510.30 Million | $41.70 Million | ▲ +210.8 pp |
| 1990 | 40.2% | $88.90 Million | $221.20 Million | $156.40 Million | $67.50 Million | ▼ -3.7 pp |
| 1989 | 43.9% | $74.00 Million | $168.50 Million | $136.50 Million | $62.50 Million | ▼ -9.0 pp |
| 1988 | 52.9% | $74.10 Million | $140.00 Million | $135.50 Million | $61.40 Million | ▼ -3.4 pp |
| 1987 | 56.3% | $54.60 Million | $97.00 Million | $89.20 Million | $34.60 Million | — |