Houlihan Lokey Inc (HLI) — Working Capital to Net Assets Ratio
Houlihan Lokey Inc (HLI) has a Working Capital to Net Assets ratio of 26.3% as of September 2025. Working capital of $590.30 Million (current assets of $1.52 Billion minus current liabilities of $931.62 Million) is measured against net assets of $2.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Houlihan Lokey Inc (HLI) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Houlihan Lokey Inc Working Capital to Net Assets (2013–2025)
This chart shows how Houlihan Lokey Inc's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at 26.3%, reflecting working capital of $590.30 Million against net assets of $2.25 Billion USD. Check Houlihan Lokey Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Houlihan Lokey Inc (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Houlihan Lokey Inc from 2013 to 2025, covering 13 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 Houlihan Lokey Inc (HLI) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 19.7% | $429.54 Million | $2.17 Billion | $1.56 Billion | $1.13 Billion | ▲ +4.5 pp |
| 2024 | 15.3% | $280.58 Million | $1.84 Billion | $1.15 Billion | $873.34 Million | ▲ +8.1 pp |
| 2023 | 7.2% | $115.84 Million | $1.61 Billion | $1.04 Billion | $919.99 Million | ▲ +13.2 pp |
| 2022 | -6.0% | $-86.96 Million | $1.44 Billion | $1.08 Billion | $1.17 Billion | ▼ -24.9 pp |
| 2021 | 18.9% | $261.67 Million | $1.38 Billion | $1.07 Billion | $812.07 Million | ▲ +7.7 pp |
| 2020 | 11.2% | $110.02 Million | $984.38 Million | $611.06 Million | $501.04 Million | ▲ +3.2 pp |
| 2019 | 8.0% | $71.49 Million | $891.33 Million | $597.42 Million | $525.93 Million | ▲ +8.0 pp |
| 2018 | 0.0% | $-184.00K | $852.81 Million | $432.08 Million | $432.26 Million | ▼ -32.4 pp |
| 2017 | 32.4% | $236.43 Million | $730.46 Million | $623.20 Million | $386.77 Million | ▲ +29.9 pp |
| 2016 | 2.5% | $16.18 Million | $653.55 Million | $310.18 Million | $294.00 Million | ▼ -17.5 pp |
| 2015 | 20.0% | $165.32 Million | $825.89 Million | $516.62 Million | $351.30 Million | ▲ +9.0 pp |
| 2014 | 11.1% | $79.06 Million | $714.94 Million | $369.83 Million | $290.77 Million | ▲ +28.6 pp |
| 2013 | -17.5% | $-127.44 Million | $727.89 Million | $68.39 Million | $195.83 Million | — |