Iron Mountain Incorporated (IRM) — Working Capital to Net Assets Ratio
Iron Mountain Incorporated (IRM) has a Working Capital to Net Assets ratio of 160.4% as of September 2025. Working capital of $-974.71 Million (current assets of $1.88 Billion minus current liabilities of $2.86 Billion) is measured against net assets of $-607.80 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See IRM financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Iron Mountain Incorporated Working Capital to Net Assets (1996–2024)
This chart shows how Iron Mountain Incorporated's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1996 to 2024. As of September 2025, the ratio stands at 160.4%, reflecting working capital of $-974.71 Million against net assets of $-607.80 Million USD. See IRM defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Iron Mountain Incorporated (1996–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Iron Mountain Incorporated from 1996 to 2024, 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. For live market cap and the full company profile, see Iron Mountain Incorporated (IRM) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 616.4% | $-1.40 Billion | $-226.50 Million | $1.69 Billion | $3.09 Billion | ▲ +744.8 pp |
| 2023 | -128.5% | $-500.64 Million | $389.72 Million | $1.74 Billion | $2.24 Billion | ▼ -77.9 pp |
| 2022 | -50.6% | $-370.42 Million | $731.95 Million | $1.55 Billion | $1.92 Billion | ▲ +11.5 pp |
| 2021 | -62.1% | $-577.31 Million | $929.48 Million | $1.44 Billion | $2.02 Billion | ▲ +1.7 pp |
| 2020 | -63.9% | $-725.91 Million | $1.14 Billion | $1.27 Billion | $2.00 Billion | ▼ -15.2 pp |
| 2019 | -48.7% | $-713.17 Million | $1.46 Billion | $1.24 Billion | $1.95 Billion | ▼ -35.0 pp |
| 2018 | -13.7% | $-254.56 Million | $1.86 Billion | $1.21 Billion | $1.46 Billion | ▼ -40.7 pp |
| 2017 | 27.0% | $620.14 Million | $2.30 Billion | $1.95 Billion | $1.33 Billion | ▲ +23.6 pp |
| 2016 | 3.4% | $65.55 Million | $1.94 Billion | $1.11 Billion | $1.05 Billion | ▲ +0.3 pp |
| 2015 | 3.0% | $16.08 Million | $528.61 Million | $857.91 Million | $841.83 Million | ▼ -3.6 pp |
| 2014 | 6.7% | $60.98 Million | $917.03 Million | $917.72 Million | $856.74 Million | ▲ +9.1 pp |
| 2013 | -2.4% | $-25.49 Million | $1.05 Billion | $933.61 Million | $959.10 Million | ▼ -12.7 pp |
| 2012 | 10.2% | $119.14 Million | $1.16 Billion | $1.02 Billion | $904.95 Million | ▲ +5.0 pp |
| 2011 | 5.2% | $65.42 Million | $1.25 Billion | $914.45 Million | $849.03 Million | ▼ -12.4 pp |
| 2010 | 17.6% | $348.16 Million | $1.98 Billion | $1.21 Billion | $857.65 Million | ▼ -0.8 pp |
| 2009 | 18.4% | $396.71 Million | $2.16 Billion | $1.21 Billion | $814.71 Million | ▲ +4.7 pp |
| 2008 | 13.7% | $246.79 Million | $1.81 Billion | $976.39 Million | $729.60 Million | ▲ +10.5 pp |
| 2007 | 3.1% | $56.72 Million | $1.80 Billion | $822.40 Million | $765.68 Million | ▲ +0.5 pp |
| 2006 | 2.6% | $41.07 Million | $1.56 Billion | $679.72 Million | $638.65 Million | ▲ +5.4 pp |
| 2005 | -2.7% | $-37.83 Million | $1.38 Billion | $554.17 Million | $592.00 Million | ▼ -1.6 pp |
| 2004 | -1.2% | $-14.31 Million | $1.23 Billion | $501.15 Million | $515.46 Million | ▲ +8.7 pp |
| 2003 | -9.9% | $-113.16 Million | $1.14 Billion | $471.58 Million | $584.75 Million | ▼ -3.9 pp |
| 2002 | -6.0% | $-60.92 Million | $1.01 Billion | $367.04 Million | $427.96 Million | ▼ -0.8 pp |
| 2001 | -5.2% | $-49.69 Million | $951.25 Million | $309.32 Million | $359.01 Million | ▲ +2.8 pp |
| 2000 | -8.0% | $-77.39 Million | $967.49 Million | $236.67 Million | $314.05 Million | ▼ -6.8 pp |
| 1999 | -1.2% | $-6.60 Million | $531.10 Million | $143.70 Million | $150.30 Million | ▲ +41.1 pp |
| 1998 | -42.4% | $-16.10 Million | $38.00 Million | $52.00 Million | $68.10 Million | ▼ -20.6 pp |
| 1997 | -21.8% | $-12.90 Million | $59.30 Million | $32.20 Million | $45.10 Million | ▼ -115.8 pp |
| 1996 | 94.1% | $-23.93 Million | $-25.44 Million | $20.38 Million | $44.31 Million | — |