MorningStar Partners, L.P. Working Capital to Net Assets Ratio
MorningStar Partners, L.P. working capital to net assets ratio. MorningStar Partners, L.P. (TXO) has a Working Capital to Net Assets ratio of -14.3% as of March 2026. Working capital of $-119.77 Million (current assets of $90.23 Million minus current liabilities of $210.00 Million) is measured against net assets of $834.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check TXO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of MorningStar Partners, L.P. (2020–2025)
Working capital to net assets ratio of MorningStar Partners, L.P. from 2020 to 2025. This chart shows how MorningStar Partners, L.P.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at -14.3%, reflecting working capital of $-119.77 Million against net assets of $834.69 Million USD. See TXO defensive interval ratio to measure how many days the company can operate on defensive assets alone.
MorningStar Partners, L.P. Working Capital to Net Assets Ratio by Year (2020–2025)
MorningStar Partners, L.P. working capital to net assets ratio by year from 2020 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for MorningStar Partners, L.P. from 2020 to 2025, covering 6 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 TXO total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -6.4% | $-58.58 Million | $909.89 Million | $95.33 Million | $153.92 Million | ▼ -6.1 pp |
| 2024 | -0.3% | $-1.89 Million | $609.42 Million | $64.45 Million | $66.34 Million | ▼ -3.7 pp |
| 2023 | 3.4% | $16.07 Million | $473.80 Million | $55.19 Million | $39.12 Million | ▲ +17.5 pp |
| 2022 | -14.1% | $-73.44 Million | $521.54 Million | $74.03 Million | $147.46 Million | ▼ -18.1 pp |
| 2021 | 4.0% | $21.82 Million | $541.36 Million | $57.10 Million | $35.27 Million | ▼ -3.3 pp |
| 2020 | 7.4% | $22.36 Million | $303.27 Million | $41.28 Million | $18.92 Million | — |