Mesabi Trust (MSB) — Working Capital to Net Assets Ratio
Mesabi Trust (MSB) has a Working Capital to Net Assets ratio of 95.4% as of January 2026. Working capital of $19.47 Million (current assets of $23.43 Million minus current liabilities of $3.95 Million) is measured against net assets of $20.40 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Mesabi Trust to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mesabi Trust Working Capital to Net Assets (1996–2026)
This chart shows how Mesabi Trust's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1996 to 2026. As of January 2026, the ratio stands at 95.4%, reflecting working capital of $19.47 Million against net assets of $20.40 Million USD. See MSB cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mesabi Trust (1996–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mesabi Trust from 1996 to 2026, 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. For live market cap and the full company profile, see how much is Mesabi Trust worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 95.4% | $19.47 Million | $20.40 Million | $23.43 Million | $3.95 Million | ▼ -4.6 pp |
| 2025 | 100.0% | $23.33 Million | $23.33 Million | $101.73 Million | $78.40 Million | ▲ +0.0 pp |
| 2024 | 100.0% | $20.98 Million | $20.98 Million | $26.69 Million | $5.72 Million | ▼ -20.1 pp |
| 2023 | 120.1% | $13.74 Million | $11.44 Million | $14.12 Million | $380.96K | ▲ +20.1 pp |
| 2022 | 100.0% | $30.79 Million | $30.79 Million | $53.91 Million | $23.12 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $16.48 Million | $16.48 Million | $22.93 Million | $6.45 Million | ▼ -21.2 pp |
| 2020 | 121.2% | $14.34 Million | $11.83 Million | $23.65 Million | $9.30 Million | ▲ +21.2 pp |
| 2019 | 100.0% | $16.81 Million | $16.81 Million | $35.45 Million | $18.65 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $10.51 Million | $10.51 Million | $26.12 Million | $15.62 Million | ▼ -20.6 pp |
| 2017 | 120.6% | $12.30 Million | $10.21 Million | $14.25 Million | $1.94 Million | ▲ +25.6 pp |
| 2016 | 94.9% | $8.53 Million | $8.99 Million | $9.36 Million | $827.79K | ▲ +10.8 pp |
| 2015 | 84.1% | $1.36 Million | $1.61 Million | $9.84 Million | $8.49 Million | ▲ +36.0 pp |
| 2014 | 48.1% | $473.52K | $984.10K | $8.04 Million | $7.57 Million | ▼ -34.5 pp |
| 2013 | 82.7% | $977.17K | $1.18 Million | $7.44 Million | $6.46 Million | ▲ +28.6 pp |
| 2012 | 54.1% | $557.69K | $1.03 Million | $10.70 Million | $10.14 Million | ▼ -45.9 pp |
| 2011 | 100.0% | $987.80K | $987.80K | $9.65 Million | $8.66 Million | ▼ 0.0 pp |
| 2010 | 100.0% | $1.13 Million | $1.13 Million | $11.20 Million | $10.07 Million | ▼ 0.0 pp |
| 2009 | 100.0% | $3.79 Million | $3.79 Million | $5.35 Million | $1.55 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $1.66 Million | $1.66 Million | $8.49 Million | $6.83 Million | ▲ +0.0 pp |
| 2007 | 100.0% | $1.14 Million | $1.14 Million | $5.41 Million | $4.27 Million | ▼ 0.0 pp |
| 2006 | 100.0% | $4.99 Million | $4.99 Million | $11.33 Million | $6.34 Million | ▲ +0.0 pp |
| 2005 | 100.0% | $4.32 Million | $4.32 Million | $8.25 Million | $3.93 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $1.41 Million | $1.41 Million | $5.39 Million | $3.98 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $1.07 Million | $1.07 Million | $3.59 Million | $2.53 Million | ▼ 0.0 pp |
| 2002 | 100.0% | $1.09 Million | $1.09 Million | $2.22 Million | $1.12 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $795.92K | $795.92K | $2.56 Million | $1.76 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $763.38K | $763.38K | $3.18 Million | $2.42 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $712.95K | $712.96K | $2.79 Million | $2.08 Million | ▼ 0.0 pp |
| 1998 | 100.0% | $719.80K | $719.80K | $4.29 Million | $3.57 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $650.61K | $650.61K | $2.60 Million | $1.95 Million | ▼ -21.1 pp |
| 1996 | 121.1% | $655.75K | $541.41K | $2.29 Million | $1.63 Million | — |