Energy Vault Holdings Inc (NRGV) — Working Capital to Net Assets Ratio
Energy Vault Holdings Inc (NRGV) has a Working Capital to Net Assets ratio of 59.1% as of March 2026. Working capital of $31.76 Million (current assets of $103.79 Million minus current liabilities of $72.03 Million) is measured against net assets of $53.78 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Energy Vault Holdings Inc (NRGV) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Energy Vault Holdings Inc Working Capital to Net Assets (2019–2025)
This chart shows how Energy Vault Holdings Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 59.1%, reflecting working capital of $31.76 Million against net assets of $53.78 Million USD. For the complete balance sheet picture, see how large is Energy Vault Holdings Inc's balance sheet.
Annual Working Capital to Net Assets for Energy Vault Holdings Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Energy Vault Holdings Inc from 2019 to 2025, covering 7 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. Check NRGV cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -49.6% | $-43.95 Million | $88.62 Million | $121.07 Million | $165.02 Million | ▼ -60.9 pp |
| 2024 | 11.3% | $14.25 Million | $126.26 Million | $68.91 Million | $54.66 Million | ▼ -63.7 pp |
| 2023 | 74.9% | $167.73 Million | $223.79 Million | $279.58 Million | $111.85 Million | ▼ -17.1 pp |
| 2022 | 92.0% | $264.74 Million | $287.71 Million | $390.07 Million | $125.32 Million | ▲ +242.5 pp |
| 2021 | -150.5% | $103.32 Million | $-68.67 Million | $110.66 Million | $7.34 Million | ▼ -181.3 pp |
| 2020 | 30.8% | $6.90 Million | $22.42 Million | $10.80 Million | $3.90 Million | ▲ +117.5 pp |
| 2019 | -86.7% | $12.18 Million | $-14.05 Million | $15.08 Million | $2.90 Million | — |