System1 Inc (SST) — Working Capital to Net Assets Ratio
System1 Inc (SST) has a Working Capital to Net Assets ratio of 17.5% as of December 2025. Working capital of $3.04 Million (current assets of $149.48 Million minus current liabilities of $146.44 Million) is measured against net assets of $17.42 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see System1 Inc asset portfolio.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
System1 Inc Working Capital to Net Assets (2019–2025)
This chart shows how System1 Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 17.5%, reflecting working capital of $3.04 Million against net assets of $17.42 Million USD. Explore System1 Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for System1 Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for System1 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. Read SST current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 17.5% | $3.04 Million | $17.42 Million | $149.48 Million | $146.44 Million | ▼ -17.1 pp |
| 2024 | 34.6% | $29.38 Million | $85.00 Million | $134.48 Million | $105.09 Million | ▼ -33.7 pp |
| 2023 | 68.3% | $115.59 Million | $169.31 Million | $202.00 Million | $86.42 Million | ▲ +86.2 pp |
| 2022 | -18.0% | $-84.57 Million | $470.67 Million | $126.51 Million | $211.07 Million | ▼ -478.4 pp |
| 2021 | 460.4% | $-130.77 Million | $-28.40 Million | $145.79 Million | $276.55 Million | ▲ +460.3 pp |
| 2020 | 0.1% | $440.38K | $436.17 Million | $1.05 Million | $613.05K | ▼ -19.0 pp |
| 2019 | 19.1% | $-12.64 Million | $-66.07 Million | $120.35 Million | $132.99 Million | — |