MSA Safety (MSA) — Working Capital to Net Assets Ratio
MSA Safety (MSA) has a Working Capital to Net Assets ratio of 42.4% as of December 2025. Working capital of $580.08 Million (current assets of $869.29 Million minus current liabilities of $289.21 Million) is measured against net assets of $1.37 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of MSA Safety to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MSA Safety Working Capital to Net Assets (1985–2025)
This chart shows how MSA Safety's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at 42.4%, reflecting working capital of $580.08 Million against net assets of $1.37 Billion USD. Check tangible equity quality of MSA Safety to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for MSA Safety (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MSA Safety from 1985 to 2025, covering 41 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 market value of MSA Safety.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 42.4% | $580.08 Million | $1.37 Billion | $869.29 Million | $289.21 Million | ▼ -2.6 pp |
| 2024 | 45.0% | $514.94 Million | $1.14 Billion | $803.03 Million | $288.09 Million | ▼ -1.9 pp |
| 2023 | 46.9% | $453.45 Million | $966.80 Million | $786.27 Million | $332.82 Million | ▼ -10.9 pp |
| 2022 | 57.8% | $534.26 Million | $923.74 Million | $880.13 Million | $345.87 Million | ▲ +2.4 pp |
| 2021 | 55.4% | $462.20 Million | $834.39 Million | $792.80 Million | $330.61 Million | ▼ -2.5 pp |
| 2020 | 57.9% | $490.88 Million | $847.19 Million | $801.42 Million | $310.55 Million | ▲ +1.2 pp |
| 2019 | 56.8% | $415.85 Million | $732.57 Million | $693.36 Million | $277.51 Million | ▼ -1.8 pp |
| 2018 | 58.6% | $374.56 Million | $639.52 Million | $656.62 Million | $282.06 Million | ▲ +3.3 pp |
| 2017 | 55.3% | $333.02 Million | $602.58 Million | $622.30 Million | $289.28 Million | ▲ +10.5 pp |
| 2016 | 44.8% | $251.40 Million | $561.21 Million | $472.81 Million | $221.41 Million | ▼ -4.2 pp |
| 2015 | 48.9% | $253.12 Million | $517.13 Million | $505.03 Million | $251.91 Million | ▼ 0.0 pp |
| 2014 | 49.0% | $263.81 Million | $538.63 Million | $497.87 Million | $234.06 Million | ▼ -5.1 pp |
| 2013 | 54.1% | $309.40 Million | $572.35 Million | $500.97 Million | $191.56 Million | ▼ -4.9 pp |
| 2012 | 59.0% | $277.75 Million | $470.70 Million | $466.55 Million | $188.80 Million | ▼ -6.3 pp |
| 2011 | 65.3% | $287.08 Million | $439.41 Million | $458.85 Million | $171.77 Million | ▲ +0.5 pp |
| 2010 | 64.8% | $295.65 Million | $456.05 Million | $477.39 Million | $181.74 Million | ▲ +4.4 pp |
| 2009 | 60.4% | $265.57 Million | $439.40 Million | $434.02 Million | $168.45 Million | ▼ -4.9 pp |
| 2008 | 65.3% | $258.09 Million | $395.12 Million | $477.77 Million | $219.69 Million | ▲ +3.1 pp |
| 2007 | 62.2% | $287.86 Million | $462.54 Million | $497.05 Million | $209.19 Million | ▼ -3.9 pp |
| 2006 | 66.1% | $289.42 Million | $437.85 Million | $416.86 Million | $127.44 Million | ▲ +1.7 pp |
| 2005 | 64.4% | $246.37 Million | $382.40 Million | $377.23 Million | $130.86 Million | ▼ -7.2 pp |
| 2004 | 71.7% | $270.59 Million | $377.61 Million | $397.66 Million | $127.07 Million | ▲ +3.9 pp |
| 2003 | 67.7% | $208.53 Million | $307.86 Million | $323.24 Million | $114.72 Million | ▲ +4.3 pp |
| 2002 | 63.4% | $183.24 Million | $289.06 Million | $282.94 Million | $99.70 Million | ▲ +10.1 pp |
| 2001 | 53.3% | $135.19 Million | $253.50 Million | $217.69 Million | $82.50 Million | ▲ +2.9 pp |
| 2000 | 50.4% | $114.17 Million | $226.47 Million | $201.15 Million | $86.98 Million | ▼ -0.3 pp |
| 1999 | 50.8% | $123.10 Million | $242.50 Million | $203.10 Million | $80.00 Million | ▲ +1.7 pp |
| 1998 | 49.1% | $119.20 Million | $242.80 Million | $229.20 Million | $110.00 Million | ▲ +0.9 pp |
| 1997 | 48.2% | $116.40 Million | $241.40 Million | $219.60 Million | $103.20 Million | ▼ -8.4 pp |
| 1996 | 56.6% | $136.60 Million | $241.40 Million | $228.40 Million | $91.80 Million | ▼ -5.2 pp |
| 1995 | 61.8% | $156.60 Million | $253.60 Million | $228.60 Million | $72.00 Million | ▼ -0.8 pp |
| 1994 | 62.6% | $166.50 Million | $266.00 Million | $237.30 Million | $70.80 Million | ▼ -0.6 pp |
| 1993 | 63.2% | $164.20 Million | $259.80 Million | $224.60 Million | $60.40 Million | ▼ -4.2 pp |
| 1992 | 67.4% | $177.30 Million | $263.20 Million | $232.40 Million | $55.10 Million | ▲ +1.0 pp |
| 1991 | 66.4% | $185.40 Million | $279.20 Million | $254.20 Million | $68.80 Million | ▼ -0.8 pp |
| 1990 | 67.2% | $187.70 Million | $279.50 Million | $258.20 Million | $70.50 Million | ▲ +0.5 pp |
| 1989 | 66.6% | $163.70 Million | $245.70 Million | $221.30 Million | $57.60 Million | ▲ +1.7 pp |
| 1988 | 64.9% | $150.10 Million | $231.20 Million | $204.20 Million | $54.10 Million | ▲ +6.5 pp |
| 1987 | 58.4% | $123.70 Million | $211.70 Million | $177.10 Million | $53.40 Million | ▲ +0.8 pp |
| 1986 | 57.6% | $108.90 Million | $189.00 Million | $170.80 Million | $61.90 Million | ▲ +3.2 pp |
| 1985 | 54.4% | $90.20 Million | $165.90 Million | $161.20 Million | $71.00 Million | — |