Nine Energy Service, Inc. (NINE) — Working Capital to Net Assets Ratio
Nine Energy Service, Inc. (NINE) has a Working Capital to Net Assets ratio of -67.3% as of December 2025. Working capital of $77.42 Million (current assets of $168.83 Million minus current liabilities of $91.41 Million) is measured against net assets of $-114.96 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nine Energy Service, Inc. Working Capital to Net Assets (2015–2025)
This chart shows how Nine Energy Service, Inc.'s Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at -67.3%, reflecting working capital of $77.42 Million against net assets of $-114.96 Million USD. Explore investment intensity of Nine Energy Service, Inc. to see how much of total assets are deployed in long-term investments.
Annual Working Capital to Net Assets for Nine Energy Service, Inc. (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nine Energy Service, Inc. from 2015 to 2025, covering 11 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 Nine Energy Service, Inc. total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -67.3% | $77.42 Million | $-114.96 Million | $168.83 Million | $91.41 Million | ▲ +67.2 pp |
| 2024 | -134.6% | $88.92 Million | $-66.06 Million | $170.46 Million | $81.55 Million | ▲ +148.5 pp |
| 2023 | -283.1% | $100.88 Million | $-35.63 Million | $183.63 Million | $82.75 Million | ▲ +209.2 pp |
| 2022 | -492.3% | $115.72 Million | $-23.51 Million | $196.72 Million | $81.00 Million | ▼ -281.3 pp |
| 2021 | -211.0% | $82.85 Million | $-39.27 Million | $139.30 Million | $56.45 Million | ▼ -812.4 pp |
| 2020 | 601.4% | $122.75 Million | $20.41 Million | $166.16 Million | $43.41 Million | ▲ +548.2 pp |
| 2019 | 53.3% | $207.70 Million | $389.88 Million | $268.92 Million | $61.22 Million | ▲ +15.5 pp |
| 2018 | 37.8% | $224.89 Million | $594.82 Million | $333.18 Million | $108.29 Million | ▲ +86.2 pp |
| 2017 | -48.4% | $-139.18 Million | $287.36 Million | $147.24 Million | $286.42 Million | ▼ -62.7 pp |
| 2016 | 14.3% | $41.23 Million | $288.19 Million | $90.71 Million | $49.49 Million | ▼ -1.4 pp |
| 2015 | 15.7% | $55.22 Million | $352.68 Million | $97.41 Million | $42.19 Million | — |