National Fuel Gas Company Working Capital to Net Assets Ratio
National Fuel Gas Company working capital to net assets ratio. National Fuel Gas Company (NFG) has a Working Capital to Net Assets ratio of 28.3% as of June 2026. Working capital of $1.11 Billion (current assets of $1.61 Billion minus current liabilities of $504.22 Million) is measured against net assets of $3.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of National Fuel Gas Company (1994–2025)
Working capital to net assets ratio of National Fuel Gas Company from 1994 to 2025. This chart shows how National Fuel Gas Company's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of June 2026, the ratio stands at 28.3%, reflecting working capital of $1.11 Billion against net assets of $3.92 Billion USD. Explore NFG long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
National Fuel Gas Company Working Capital to Net Assets Ratio by Year (1994–2025)
National Fuel Gas Company working capital to net assets ratio by year from 1994 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for National Fuel Gas Company from 1994 to 2025, covering 32 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 balance sheet size of National Fuel Gas Company.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -16.6% | $-515.04 Million | $3.09 Billion | $410.73 Million | $925.76 Million | ▲ +9.3 pp |
| 2024 | -26.0% | $-739.97 Million | $2.85 Billion | $355.92 Million | $1.10 Billion | ▼ -12.8 pp |
| 2023 | -13.2% | $-391.88 Million | $2.96 Billion | $414.43 Million | $806.31 Million | ▲ +43.6 pp |
| 2022 | -56.8% | $-1.18 Billion | $2.08 Billion | $761.13 Million | $1.94 Billion | ▼ -16.8 pp |
| 2021 | -40.0% | $-713.68 Million | $1.79 Billion | $522.45 Million | $1.24 Billion | ▼ -32.6 pp |
| 2020 | -7.4% | $-145.38 Million | $1.97 Billion | $314.20 Million | $459.57 Million | ▼ -4.6 pp |
| 2019 | -2.8% | $-59.28 Million | $2.14 Billion | $362.62 Million | $421.91 Million | ▼ -8.2 pp |
| 2018 | 5.4% | $104.53 Million | $1.94 Billion | $544.59 Million | $440.06 Million | ▼ -4.7 pp |
| 2017 | 10.1% | $172.24 Million | $1.70 Billion | $818.28 Million | $646.04 Million | ▲ +3.0 pp |
| 2016 | 7.2% | $109.29 Million | $1.53 Billion | $413.03 Million | $303.74 Million | ▲ +3.9 pp |
| 2015 | 3.3% | $66.86 Million | $2.03 Billion | $513.00 Million | $446.14 Million | ▲ +8.0 pp |
| 2014 | -4.7% | $-113.24 Million | $2.41 Billion | $377.33 Million | $490.58 Million | ▼ -11.4 pp |
| 2013 | 6.7% | $146.51 Million | $2.19 Billion | $448.68 Million | $302.17 Million | ▲ +26.0 pp |
| 2012 | -19.3% | $-378.90 Million | $1.96 Billion | $355.58 Million | $734.48 Million | ▼ -13.2 pp |
| 2011 | -6.2% | $-116.72 Million | $1.89 Billion | $411.90 Million | $528.62 Million | ▼ -20.5 pp |
| 2010 | 14.4% | $251.05 Million | $1.75 Billion | $775.38 Million | $524.32 Million | ▼ -14.5 pp |
| 2009 | 28.8% | $458.46 Million | $1.59 Billion | $776.97 Million | $318.51 Million | ▲ +21.1 pp |
| 2008 | 7.8% | $124.91 Million | $1.60 Billion | $499.48 Million | $374.57 Million | ▲ +0.7 pp |
| 2007 | 7.0% | $114.79 Million | $1.63 Billion | $554.14 Million | $439.35 Million | ▼ -4.4 pp |
| 2006 | 11.4% | $164.98 Million | $1.44 Billion | $484.75 Million | $319.76 Million | ▲ +2.3 pp |
| 2005 | 9.2% | $112.82 Million | $1.23 Billion | $572.78 Million | $459.96 Million | ▲ +13.1 pp |
| 2004 | -3.9% | $-50.85 Million | $1.30 Billion | $404.60 Million | $455.45 Million | ▲ +8.0 pp |
| 2003 | -11.9% | $-139.34 Million | $1.17 Billion | $410.96 Million | $550.31 Million | ▲ +24.2 pp |
| 2002 | -36.1% | $-373.49 Million | $1.04 Billion | $306.07 Million | $679.56 Million | ▲ +13.6 pp |
| 2001 | -49.7% | $-509.57 Million | $1.03 Billion | $353.90 Million | $863.47 Million | ▼ -1.1 pp |
| 2000 | -48.6% | $-484.30 Million | $996.33 Million | $324.27 Million | $808.57 Million | ▼ -9.1 pp |
| 1999 | -39.5% | $-381.79 Million | $966.90 Million | $257.30 Million | $639.09 Million | ▲ +12.8 pp |
| 1998 | -52.3% | $-478.90 Million | $915.60 Million | $210.50 Million | $689.40 Million | ▼ -35.3 pp |
| 1997 | -17.0% | $-155.50 Million | $913.70 Million | $208.70 Million | $364.20 Million | ▼ -1.8 pp |
| 1996 | -15.2% | $-130.40 Million | $856.00 Million | $221.00 Million | $351.40 Million | ▲ +11.2 pp |
| 1995 | -26.5% | $-212.20 Million | $802.10 Million | $189.20 Million | $401.40 Million | ▼ -6.7 pp |
| 1994 | -19.8% | $-154.30 Million | $780.30 Million | $220.90 Million | $375.20 Million | — |