Topgolf Callaway Brands Corp. Working Capital to Net Assets Ratio
Topgolf Callaway Brands Corp. working capital to net assets ratio. Topgolf Callaway Brands Corp. (MODG) has a Working Capital to Net Assets ratio of 35.1% as of September 2025. Working capital of $869.70 Million (current assets of $1.87 Billion minus current liabilities of $998.70 Million) is measured against net assets of $2.48 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Topgolf Callaway Brands Corp. tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Topgolf Callaway Brands Corp. (1990–2024)
Working capital to net assets ratio of Topgolf Callaway Brands Corp. from 1990 to 2024. This chart shows how Topgolf Callaway Brands Corp.'s Working Capital to Net Assets ratio has evolved across 35 annual periods from 1990 to 2024. As of September 2025, the ratio stands at 35.1%, reflecting working capital of $869.70 Million against net assets of $2.48 Billion USD. See Topgolf Callaway Brands Corp. (MODG) defensive interval to measure how many days the company can operate on defensive assets alone.
Topgolf Callaway Brands Corp. Working Capital to Net Assets Ratio by Year (1990–2024)
Topgolf Callaway Brands Corp. working capital to net assets ratio by year from 1990 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Topgolf Callaway Brands Corp. from 1990 to 2024, covering 35 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 the complete balance sheet picture, see Topgolf Callaway Brands Corp. balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 32.2% | $774.80 Million | $2.41 Billion | $1.60 Billion | $825.90 Million | ▲ +14.6 pp |
| 2023 | 17.5% | $680.50 Million | $3.88 Billion | $1.63 Billion | $947.60 Million | ▲ +8.5 pp |
| 2022 | 9.1% | $342.70 Million | $3.77 Billion | $1.52 Billion | $1.18 Billion | ▲ +0.9 pp |
| 2021 | 8.1% | $299.70 Million | $3.68 Billion | $1.17 Billion | $866.00 Million | ▼ -69.0 pp |
| 2020 | 77.2% | $521.36 Million | $675.64 Million | $912.63 Million | $391.27 Million | ▲ +42.5 pp |
| 2019 | 34.7% | $266.10 Million | $767.35 Million | $789.35 Million | $523.25 Million | ▲ +4.5 pp |
| 2018 | 30.2% | $221.67 Million | $734.31 Million | $524.91 Million | $303.24 Million | ▲ +7.2 pp |
| 2017 | 23.0% | $151.61 Million | $659.38 Million | $465.98 Million | $314.37 Million | ▼ -22.0 pp |
| 2016 | 45.0% | $273.57 Million | $608.60 Million | $460.43 Million | $186.85 Million | ▼ -6.6 pp |
| 2015 | 51.5% | $212.85 Million | $412.94 Million | $391.49 Million | $178.64 Million | ▼ -17.0 pp |
| 2014 | 68.6% | $199.91 Million | $291.53 Million | $384.03 Million | $184.13 Million | ▼ -0.1 pp |
| 2013 | 68.7% | $195.41 Million | $284.62 Million | $421.60 Million | $226.20 Million | ▼ -1.5 pp |
| 2012 | 70.2% | $224.94 Million | $320.45 Million | $386.02 Million | $161.09 Million | ▲ +21.1 pp |
| 2011 | 49.1% | $251.54 Million | $512.81 Million | $419.33 Million | $167.78 Million | ▼ -4.0 pp |
| 2010 | 53.1% | $369.44 Million | $695.85 Million | $544.61 Million | $175.17 Million | ▲ +2.2 pp |
| 2009 | 50.9% | $361.53 Million | $709.88 Million | $512.99 Million | $151.45 Million | ▲ +10.2 pp |
| 2008 | 40.8% | $236.59 Million | $580.37 Million | $490.00 Million | $253.41 Million | ▼ -7.1 pp |
| 2007 | 47.9% | $273.03 Million | $570.21 Million | $496.58 Million | $223.55 Million | ▲ +1.3 pp |
| 2006 | 46.6% | $269.75 Million | $579.10 Million | $493.20 Million | $223.46 Million | ▼ -3.5 pp |
| 2005 | 50.1% | $298.38 Million | $596.05 Million | $438.59 Million | $140.21 Million | ▲ +3.5 pp |
| 2004 | 46.6% | $272.93 Million | $586.32 Million | $393.73 Million | $120.80 Million | ▲ +3.6 pp |
| 2003 | 43.0% | $253.30 Million | $589.38 Million | $383.46 Million | $130.16 Million | ▼ -4.8 pp |
| 2002 | 47.8% | $259.87 Million | $543.39 Million | $369.03 Million | $109.16 Million | ▼ -1.3 pp |
| 2001 | 49.2% | $252.82 Million | $514.35 Million | $354.69 Million | $101.87 Million | ▲ +3.6 pp |
| 2000 | 45.6% | $233.16 Million | $511.74 Million | $342.47 Million | $109.31 Million | ▲ +4.5 pp |
| 1999 | 41.0% | $205.20 Million | $499.90 Million | $310.50 Million | $105.30 Million | ▲ +10.2 pp |
| 1998 | 30.8% | $139.60 Million | $453.10 Million | $323.60 Million | $184.00 Million | ▼ -12.7 pp |
| 1997 | 43.5% | $209.40 Million | $481.40 Million | $281.80 Million | $72.40 Million | ▼ -25.6 pp |
| 1996 | 69.1% | $250.40 Million | $362.30 Million | $311.50 Million | $61.10 Million | ▲ +3.8 pp |
| 1995 | 65.3% | $146.90 Million | $224.90 Million | $209.70 Million | $62.80 Million | ▼ -4.9 pp |
| 1994 | 70.2% | $130.80 Million | $186.40 Million | $187.40 Million | $56.60 Million | ▼ -1.6 pp |
| 1993 | 71.8% | $83.70 Million | $116.60 Million | $111.50 Million | $27.80 Million | ▼ -7.3 pp |
| 1992 | 79.1% | $39.40 Million | $49.80 Million | $55.20 Million | $15.80 Million | ▼ -28.1 pp |
| 1991 | 107.2% | $16.30 Million | $15.20 Million | $25.40 Million | $9.10 Million | ▲ +7.2 pp |
| 1990 | 100.0% | $8.70 Million | $8.70 Million | $12.60 Million | $3.90 Million | — |