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 HLI cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see HLI total asset value.
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. Check HLI financial resilience to evaluate the company's liquid asset resilience ratio.
| 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 | — |