Howmet Aerospace Inc (HWM) — Working Capital to Net Assets Ratio
Howmet Aerospace Inc (HWM) has a Working Capital to Net Assets ratio of 42.8% as of September 2025. Working capital of $2.20 Billion (current assets of $3.82 Billion minus current liabilities of $1.62 Billion) is measured against net assets of $5.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Howmet Aerospace Inc (HWM) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Howmet Aerospace Inc Working Capital to Net Assets (2002–2024)
This chart shows how Howmet Aerospace Inc's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 42.8%, reflecting working capital of $2.20 Billion against net assets of $5.14 Billion USD. See Howmet Aerospace Inc (HWM) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Howmet Aerospace Inc (2002–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Howmet Aerospace Inc from 2002 to 2024, covering 23 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 how much is Howmet Aerospace Inc worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 39.8% | $1.81 Billion | $4.55 Billion | $3.36 Billion | $1.55 Billion | ▲ +1.9 pp |
| 2023 | 37.9% | $1.53 Billion | $4.04 Billion | $3.32 Billion | $1.78 Billion | ▼ -8.2 pp |
| 2022 | 46.1% | $1.66 Billion | $3.60 Billion | $3.14 Billion | $1.48 Billion | ▲ +3.8 pp |
| 2021 | 42.3% | $1.48 Billion | $3.51 Billion | $2.74 Billion | $1.25 Billion | ▼ -13.9 pp |
| 2020 | 56.2% | $2.01 Billion | $3.58 Billion | $3.67 Billion | $1.66 Billion | ▲ +19.0 pp |
| 2019 | 37.2% | $1.72 Billion | $4.62 Billion | $5.84 Billion | $4.13 Billion | ▼ -17.7 pp |
| 2018 | 54.8% | $3.06 Billion | $5.58 Billion | $6.58 Billion | $3.52 Billion | ▼ -17.4 pp |
| 2017 | 72.2% | $3.55 Billion | $4.92 Billion | $6.38 Billion | $2.82 Billion | ▲ +11.4 pp |
| 2016 | 60.8% | $3.14 Billion | $5.16 Billion | $5.89 Billion | $2.75 Billion | ▲ +41.4 pp |
| 2015 | 19.4% | $2.74 Billion | $14.13 Billion | $7.95 Billion | $5.21 Billion | ▼ -2.8 pp |
| 2014 | 22.2% | $2.73 Billion | $12.31 Billion | $8.27 Billion | $5.54 Billion | ▲ +29.5 pp |
| 2013 | -7.3% | $864.00 Million | $-11.84 Billion | $6.97 Billion | $6.11 Billion | ▲ +9.0 pp |
| 2012 | -16.3% | $1.76 Billion | $-10.79 Billion | $7.70 Billion | $5.94 Billion | ▼ -28.6 pp |
| 2011 | 12.3% | $1.70 Billion | $13.84 Billion | $7.71 Billion | $6.01 Billion | ▲ +0.3 pp |
| 2010 | 12.0% | $1.63 Billion | $13.61 Billion | $6.87 Billion | $5.24 Billion | ▲ +26.8 pp |
| 2009 | -14.8% | $1.61 Billion | $-10.84 Billion | $7.02 Billion | $5.41 Billion | ▼ -6.4 pp |
| 2008 | -8.4% | $871.00 Million | $-10.36 Billion | $8.15 Billion | $7.28 Billion | ▲ +4.0 pp |
| 2007 | -12.4% | $920.00 Million | $-7.43 Billion | $8.09 Billion | $7.17 Billion | ▲ +22.2 pp |
| 2006 | -34.6% | $1.88 Billion | $-5.43 Billion | $9.16 Billion | $7.28 Billion | ▲ +1.7 pp |
| 2005 | -36.3% | $1.42 Billion | $-3.92 Billion | $8.79 Billion | $7.37 Billion | ▼ -5.3 pp |
| 2004 | -31.0% | $1.20 Billion | $-3.86 Billion | $7.49 Billion | $6.30 Billion | ▼ -43.3 pp |
| 2003 | 12.3% | $1.66 Billion | $13.41 Billion | $6.74 Billion | $5.08 Billion | ▼ -4.2 pp |
| 2002 | 16.5% | $1.85 Billion | $11.22 Billion | $6.31 Billion | $4.46 Billion | — |