Horace Mann Educators Corporation (HMN) — Working Capital to Net Assets Ratio
Horace Mann Educators Corporation (HMN) has a Working Capital to Net Assets ratio of -345.0% as of March 2026. Working capital of $-5.07 Billion (current assets of $920.80 Million minus current liabilities of $5.99 Billion) is measured against net assets of $1.47 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HMN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Horace Mann Educators Corporation Working Capital to Net Assets (1995–2023)
This chart shows how Horace Mann Educators Corporation's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1995 to 2023. As of March 2026, the ratio stands at -345.0%, reflecting working capital of $-5.07 Billion against net assets of $1.47 Billion USD. For the complete balance sheet picture, see how large is Horace Mann Educators Corporation's balance sheet.
Annual Working Capital to Net Assets for Horace Mann Educators Corporation (1995–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Horace Mann Educators Corporation from 1995 to 2023, covering 29 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 HMN 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) |
|---|---|---|---|---|---|---|
| 2023 | 165.4% | $1.94 Billion | $1.18 Billion | $29.00 Million | $-1.91 Billion | ▼ -363.0 pp |
| 2022 | 528.4% | $5.80 Billion | $1.10 Billion | $6.05 Billion | $249.00 Million | ▲ +170.3 pp |
| 2021 | 358.2% | $6.47 Billion | $1.81 Billion | $6.72 Billion | $249.00 Million | ▲ +364.5 pp |
| 2020 | -6.3% | $-113.20 Million | $1.79 Billion | $21.80 Million | $135.00 Million | ▲ +0.7 pp |
| 2019 | -7.0% | $-109.49 Million | $1.57 Billion | $25.51 Million | $135.00 Million | ▲ +694.1 pp |
| 2018 | -701.1% | $-9.05 Billion | $1.29 Billion | $395.75 Million | $9.44 Billion | ▼ -75.1 pp |
| 2017 | -626.0% | $-9.40 Billion | $1.50 Billion | $1.00K | $9.40 Billion | ▲ +72.3 pp |
| 2016 | -698.3% | $-9.04 Billion | $1.29 Billion | $1.00K | $9.04 Billion | ▼ -22.6 pp |
| 2015 | -675.7% | $-8.55 Billion | $1.26 Billion | $1.00K | $8.55 Billion | ▼ -646.9 pp |
| 2014 | -28.8% | $-384.58 Million | $1.34 Billion | $11.68 Million | $396.25 Million | ▼ -1.5 pp |
| 2013 | -27.3% | $-300.04 Million | $1.10 Billion | $18.19 Million | $318.23 Million | ▲ +516.0 pp |
| 2012 | -543.3% | $-6.65 Billion | $1.22 Billion | $68.68 Million | $6.72 Billion | ▼ -540.4 pp |
| 2011 | -2.9% | $-30.55 Million | $1.06 Billion | $7.45 Million | $38.00 Million | ▲ +668.7 pp |
| 2010 | -671.6% | $-5.91 Billion | $880.01 Million | $5.93 Million | $5.92 Billion | ▼ -667.4 pp |
| 2009 | -4.2% | $-30.15 Million | $719.54 Million | $7.85 Million | $38.00 Million | ▼ -1.5 pp |
| 2008 | -2.7% | $-12.29 Million | $448.85 Million | $25.71 Million | $38.00 Million | ▲ +750.6 pp |
| 2007 | -753.4% | $-5.22 Billion | $693.28 Million | $143.99 Million | $5.37 Billion | ▲ +69.8 pp |
| 2006 | -823.1% | $-5.41 Billion | $657.08 Million | $32.31 Million | $5.44 Billion | ▼ -934.5 pp |
| 2005 | 111.3% | $724.21 Million | $650.45 Million | $5.79 Billion | $5.07 Billion | ▼ -808.4 pp |
| 2004 | 919.7% | $5.30 Billion | $576.21 Million | $5.32 Billion | $25.00 Million | ▲ +1726.2 pp |
| 2003 | -806.5% | $-4.28 Billion | $530.50 Million | $19.77 Million | $4.30 Billion | ▼ -92.1 pp |
| 2002 | -714.4% | $-3.78 Billion | $528.84 Million | $60.16 Million | $3.84 Billion | ▲ +134.1 pp |
| 2001 | -848.4% | $-3.90 Billion | $459.20 Million | $33.94 Million | $3.93 Billion | ▲ +56.2 pp |
| 2000 | -904.7% | $-3.87 Billion | $427.99 Million | $21.14 Million | $3.89 Billion | ▲ +27.8 pp |
| 1999 | -932.5% | $-3.73 Billion | $400.14 Million | $22.85 Million | $3.75 Billion | ▼ -208.2 pp |
| 1998 | -724.3% | $-3.60 Billion | $496.62 Million | $202.10 Million | $3.80 Billion | ▼ -27.7 pp |
| 1997 | -696.6% | $-3.52 Billion | $505.97 Million | $353.00K | $3.52 Billion | ▼ -23.1 pp |
| 1996 | -673.5% | $-3.26 Billion | $484.40 Million | $13.70 Million | $3.28 Billion | ▼ -668.4 pp |
| 1995 | -5.1% | $-23.90 Million | $470.20 Million | $51.10 Million | $75.00 Million | — |