SES AI Corp (SES) — Working Capital to Net Assets Ratio
SES AI Corp (SES) has a Working Capital to Net Assets ratio of 84.3% as of March 2026. Working capital of $171.33 Million (current assets of $200.57 Million minus current liabilities of $29.24 Million) is measured against net assets of $203.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SES equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SES AI Corp Working Capital to Net Assets (2008–2025)
This chart shows how SES AI Corp's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 84.3%, reflecting working capital of $171.33 Million against net assets of $203.25 Million USD. Check SES tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for SES AI Corp (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for SES AI Corp from 2008 to 2025, covering 18 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 market value of SES AI Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 89.5% | $192.12 Million | $214.75 Million | $216.28 Million | $24.16 Million | ▼ -1.8 pp |
| 2024 | 91.3% | $254.09 Million | $278.31 Million | $276.90 Million | $22.82 Million | ▼ -0.2 pp |
| 2023 | 91.5% | $328.27 Million | $358.95 Million | $348.63 Million | $20.36 Million | ▼ -4.9 pp |
| 2022 | 96.4% | $377.28 Million | $391.54 Million | $396.64 Million | $19.36 Million | ▲ +276.4 pp |
| 2021 | -180.0% | $158.99 Million | $-88.32 Million | $169.97 Million | $10.98 Million | ▼ -161.9 pp |
| 2020 | -18.1% | $11.23 Million | $-62.07 Million | $15.10 Million | $3.88 Million | ▲ +30.6 pp |
| 2019 | -48.7% | $23.65 Million | $-48.52 Million | $25.89 Million | $2.24 Million | ▼ -168.2 pp |
| 2018 | 119.5% | $6.40 Million | $5.35 Million | $8.08 Million | $1.68 Million | ▲ +91.7 pp |
| 2017 | 27.8% | $3.97 Million | $14.29 Million | $5.74 Million | $1.76 Million | ▲ +22.1 pp |
| 2016 | 5.7% | $2.40 Million | $41.74 Million | $17.39 Million | $14.99 Million | ▼ -12.1 pp |
| 2015 | 17.8% | $10.65 Million | $59.81 Million | $25.63 Million | $14.98 Million | ▲ +3.9 pp |
| 2014 | 13.9% | $11.40 Million | $81.90 Million | $21.80 Million | $10.40 Million | ▲ +3.3 pp |
| 2013 | 10.6% | $8.40 Million | $79.20 Million | $18.50 Million | $10.10 Million | ▼ -1.6 pp |
| 2012 | 12.3% | $9.90 Million | $80.80 Million | $20.40 Million | $10.50 Million | ▼ -16.3 pp |
| 2011 | 28.5% | $27.80 Million | $97.50 Million | $36.30 Million | $8.50 Million | ▼ -8.1 pp |
| 2010 | 36.6% | $38.30 Million | $104.60 Million | $48.10 Million | $9.80 Million | ▼ -29.7 pp |
| 2009 | 66.3% | $82.10 Million | $123.80 Million | $93.20 Million | $11.10 Million | ▼ -11.8 pp |
| 2008 | 78.1% | $117.60 Million | $150.50 Million | $130.70 Million | $13.10 Million | — |