Miller Industries Inc (MLR) — Working Capital to Net Assets Ratio
Miller Industries Inc (MLR) has a Working Capital to Net Assets ratio of 79.3% as of September 2025. Working capital of $333.69 Million (current assets of $469.47 Million minus current liabilities of $135.78 Million) is measured against net assets of $420.65 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Miller Industries Inc to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Miller Industries Inc Working Capital to Net Assets (1994–2024)
This chart shows how Miller Industries Inc's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at 79.3%, reflecting working capital of $333.69 Million against net assets of $420.65 Million USD. For the complete balance sheet picture, see balance sheet size of Miller Industries Inc.
Annual Working Capital to Net Assets for Miller Industries Inc (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Miller Industries Inc from 1994 to 2024, covering 31 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 MLR asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 82.8% | $331.89 Million | $401.03 Million | $529.77 Million | $197.87 Million | ▲ +3.5 pp |
| 2023 | 79.3% | $275.76 Million | $347.92 Million | $510.47 Million | $234.71 Million | ▲ +4.3 pp |
| 2022 | 74.9% | $219.90 Million | $293.46 Million | $376.05 Million | $156.15 Million | ▲ +11.0 pp |
| 2021 | 63.9% | $181.98 Million | $284.62 Million | $328.97 Million | $146.99 Million | ▲ +1.8 pp |
| 2020 | 62.2% | $175.59 Million | $282.45 Million | $286.27 Million | $110.68 Million | ▼ -1.1 pp |
| 2019 | 63.3% | $163.17 Million | $257.93 Million | $287.45 Million | $124.28 Million | ▼ -2.6 pp |
| 2018 | 65.8% | $149.83 Million | $227.56 Million | $273.22 Million | $123.39 Million | ▲ +3.9 pp |
| 2017 | 61.9% | $125.73 Million | $203.10 Million | $227.43 Million | $101.70 Million | ▼ -3.0 pp |
| 2016 | 64.9% | $119.80 Million | $184.60 Million | $225.64 Million | $105.84 Million | ▼ -6.9 pp |
| 2015 | 71.8% | $124.77 Million | $173.86 Million | $219.26 Million | $94.49 Million | ▼ -3.5 pp |
| 2014 | 75.2% | $126.71 Million | $168.45 Million | $218.43 Million | $91.72 Million | ▲ +0.5 pp |
| 2013 | 74.7% | $120.82 Million | $161.71 Million | $183.94 Million | $63.11 Million | ▲ +1.6 pp |
| 2012 | 73.1% | $115.18 Million | $157.49 Million | $158.28 Million | $43.10 Million | ▲ +1.2 pp |
| 2011 | 71.9% | $109.76 Million | $152.65 Million | $166.84 Million | $57.08 Million | ▲ +1.0 pp |
| 2010 | 71.0% | $106.83 Million | $150.57 Million | $154.16 Million | $47.33 Million | ▲ +4.3 pp |
| 2009 | 66.6% | $94.25 Million | $141.44 Million | $125.07 Million | $30.82 Million | ▲ +6.5 pp |
| 2008 | 60.1% | $79.36 Million | $131.97 Million | $119.26 Million | $39.89 Million | ▼ -1.8 pp |
| 2007 | 62.0% | $82.09 Million | $132.49 Million | $134.44 Million | $52.35 Million | ▼ -5.3 pp |
| 2006 | 67.3% | $76.27 Million | $113.38 Million | $149.78 Million | $73.51 Million | ▼ -10.6 pp |
| 2005 | 77.8% | $50.41 Million | $64.75 Million | $113.42 Million | $63.01 Million | ▼ -7.6 pp |
| 2004 | 85.5% | $39.98 Million | $46.78 Million | $94.39 Million | $54.42 Million | ▼ -25.8 pp |
| 2003 | 111.2% | $31.14 Million | $28.00 Million | $95.48 Million | $64.35 Million | ▲ +136.8 pp |
| 2002 | -25.6% | $-10.17 Million | $39.70 Million | $109.64 Million | $119.82 Million | ▼ -128.9 pp |
| 2001 | 103.3% | $87.60 Million | $84.84 Million | $161.13 Million | $73.53 Million | ▲ +12.1 pp |
| 2000 | 91.2% | $103.80 Million | $113.82 Million | $194.35 Million | $90.55 Million | ▲ +26.3 pp |
| 1999 | 64.9% | $121.50 Million | $187.30 Million | $184.90 Million | $63.40 Million | ▼ -8.6 pp |
| 1998 | 73.5% | $141.70 Million | $192.90 Million | $191.40 Million | $49.70 Million | ▲ +25.1 pp |
| 1997 | 48.3% | $82.50 Million | $170.70 Million | $145.10 Million | $62.60 Million | ▼ -15.6 pp |
| 1996 | 63.9% | $69.80 Million | $109.20 Million | $113.60 Million | $43.80 Million | ▼ -12.4 pp |
| 1995 | 76.3% | $49.70 Million | $65.10 Million | $79.50 Million | $29.80 Million | ▼ -2.9 pp |
| 1994 | 79.3% | $49.70 Million | $62.70 Million | $80.00 Million | $30.30 Million | — |