Public Storage (PSA) — Working Capital to Net Assets Ratio
Public Storage (PSA) has a Working Capital to Net Assets ratio of -3.2% as of December 2025. Working capital of $-294.79 Million (current assets of $318.10 Million minus current liabilities of $612.89 Million) is measured against net assets of $9.34 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Public Storage (PSA) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Public Storage Working Capital to Net Assets (1984–2025)
This chart shows how Public Storage's Working Capital to Net Assets ratio has evolved across 42 annual periods from 1984 to 2025. As of December 2025, the ratio stands at -3.2%, reflecting working capital of $-294.79 Million against net assets of $9.34 Billion USD. See operational self-sufficiency of Public Storage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Public Storage (1984–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Public Storage from 1984 to 2025, covering 42 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 PSA stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -3.2% | $-294.79 Million | $9.34 Billion | $318.10 Million | $612.89 Million | ▼ -1.7 pp |
| 2024 | -1.4% | $-140.83 Million | $9.81 Billion | $447.42 Million | $588.25 Million | ▲ +0.8 pp |
| 2023 | -2.3% | $-228.99 Million | $10.11 Billion | $370.00 Million | $598.99 Million | ▼ -4.8 pp |
| 2022 | 2.6% | $260.57 Million | $10.17 Billion | $775.25 Million | $514.68 Million | ▼ -0.1 pp |
| 2021 | 2.7% | $252.51 Million | $9.42 Billion | $734.60 Million | $482.09 Million | ▲ +4.3 pp |
| 2020 | -1.6% | $-137.09 Million | $8.58 Billion | $257.56 Million | $394.65 Million | ▼ -1.9 pp |
| 2019 | 0.3% | $26.46 Million | $9.08 Billion | $409.74 Million | $383.28 Million | ▲ +0.4 pp |
| 2018 | -0.1% | $-10.04 Million | $9.14 Billion | $361.22 Million | $371.26 Million | ▼ -1.2 pp |
| 2017 | 1.1% | $96.17 Million | $8.96 Billion | $433.38 Million | $337.20 Million | ▲ +2.3 pp |
| 2016 | -1.2% | $-114.25 Million | $9.44 Billion | $183.69 Million | $297.94 Million | ▲ +0.5 pp |
| 2015 | -1.7% | $-157.29 Million | $9.20 Billion | $104.28 Million | $261.58 Million | ▼ -1.1 pp |
| 2014 | -0.6% | $-59.43 Million | $9.51 Billion | $187.71 Million | $247.14 Million | ▼ -2.7 pp |
| 2013 | 2.0% | $178.85 Million | $8.82 Billion | $447.31 Million | $268.46 Million | ▲ +0.9 pp |
| 2012 | 1.2% | $93.52 Million | $8.12 Billion | $428.23 Million | $334.71 Million | ▲ +6.8 pp |
| 2011 | -5.7% | $-470.27 Million | $8.32 Billion | $139.01 Million | $609.28 Million | ▼ -3.2 pp |
| 2010 | -2.5% | $-215.66 Million | $8.72 Billion | $558.53 Million | $774.19 Million | ▼ -3.9 pp |
| 2009 | 1.4% | $125.55 Million | $9.07 Billion | $856.69 Million | $731.14 Million | ▼ -3.8 pp |
| 2008 | 5.2% | $468.35 Million | $9.08 Billion | $680.70 Million | $212.35 Million | ▲ +8.3 pp |
| 2007 | -3.2% | $-295.81 Million | $9.27 Billion | $552.19 Million | $848.00 Million | ▲ +4.5 pp |
| 2006 | -7.6% | $-666.42 Million | $8.71 Billion | $555.58 Million | $1.22 Billion | ▼ -15.1 pp |
| 2005 | 7.5% | $379.55 Million | $5.07 Billion | $493.50 Million | $113.95 Million | ▲ +2.6 pp |
| 2004 | 4.9% | $237.23 Million | $4.86 Billion | $366.75 Million | $129.52 Million | ▲ +10.3 pp |
| 2003 | -5.4% | $-251.66 Million | $4.65 Billion | $305.34 Million | $557.00 Million | ▲ +4.2 pp |
| 2002 | -9.6% | $-441.55 Million | $4.60 Billion | $127.45 Million | $569.00 Million | ▼ -11.6 pp |
| 2001 | 2.0% | $88.87 Million | $4.36 Billion | $660.87 Million | $572.00 Million | ▲ +2.3 pp |
| 2000 | -0.2% | $-10.06 Million | $4.26 Billion | $623.94 Million | $634.00 Million | ▼ -6.2 pp |
| 1999 | 6.0% | $232.27 Million | $3.88 Billion | $590.27 Million | $358.00 Million | ▼ -5.1 pp |
| 1998 | 11.1% | $362.02 Million | $3.26 Billion | $566.02 Million | $204.00 Million | ▲ +11.4 pp |
| 1997 | -0.3% | $-9.21 Million | $3.14 Billion | $356.79 Million | $366.00 Million | ▼ -11.3 pp |
| 1996 | 11.0% | $267.24 Million | $2.42 Billion | $426.24 Million | $159.00 Million | ▼ -11.3 pp |
| 1995 | 22.3% | $389.73 Million | $1.75 Billion | $534.73 Million | $145.00 Million | ▲ +41.2 pp |
| 1994 | -18.9% | $-137.79 Million | $729.01 Million | $43.21 Million | $181.00 Million | ▲ +22.0 pp |
| 1993 | -40.9% | $-233.20 Million | $569.80 Million | $8.80 Million | $242.00 Million | ▼ -36.1 pp |
| 1992 | -4.8% | $-16.30 Million | $340.30 Million | $79.70 Million | $96.00 Million | ▼ -30.9 pp |
| 1991 | 26.1% | $60.30 Million | $230.60 Million | $131.30 Million | $71.00 Million | ▼ -41.4 pp |
| 1990 | 67.5% | $127.60 Million | $188.90 Million | $166.60 Million | $39.00 Million | ▼ -12.2 pp |
| 1989 | 79.8% | $125.80 Million | $157.70 Million | $169.80 Million | $44.00 Million | ▲ +86.6 pp |
| 1988 | -6.8% | $-11.00 Million | $161.90 Million | $12.00 Million | $23.00 Million | ▲ +11.4 pp |
| 1987 | -18.2% | $-30.00 Million | $164.60 Million | $1.00 Million | $31.00 Million | ▲ +3.8 pp |
| 1986 | -22.1% | $-35.00 Million | $158.70 Million | $1.00 Million | $36.00 Million | ▼ -18.3 pp |
| 1985 | -3.8% | $-5.00 Million | $132.20 Million | $31.00 Million | $36.00 Million | ▲ +19.3 pp |
| 1984 | -23.1% | $-12.00 Million | $52.00 Million | $33.00 Million | $45.00 Million | — |