U-Haul Holding Company (UHAL) — Working Capital to Net Assets Ratio
U-Haul Holding Company (UHAL) has a Working Capital to Net Assets ratio of 12.3% as of December 2025. Working capital of $953.83 Million (current assets of $1.73 Billion minus current liabilities of $779.30 Million) is measured against net assets of $7.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See UHAL equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
U-Haul Holding Company Working Capital to Net Assets (1994–2025)
This chart shows how U-Haul Holding Company's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of December 2025, the ratio stands at 12.3%, reflecting working capital of $953.83 Million against net assets of $7.74 Billion USD. Check UHAL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for U-Haul Holding Company (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for U-Haul Holding Company from 1994 to 2025, covering 32 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 UHAL company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 10.3% | $774.93 Million | $7.50 Billion | $2.51 Billion | $1.73 Billion | ▼ -4.9 pp |
| 2024 | 15.2% | $1.09 Billion | $7.17 Billion | $2.78 Billion | $1.68 Billion | ▼ -11.5 pp |
| 2023 | 26.7% | $1.74 Billion | $6.50 Billion | $3.43 Billion | $1.69 Billion | ▼ -4.4 pp |
| 2022 | 31.1% | $1.85 Billion | $5.95 Billion | $3.47 Billion | $1.62 Billion | ▲ +22.9 pp |
| 2021 | 8.2% | $397.08 Million | $4.85 Billion | $2.08 Billion | $1.69 Billion | ▲ +38.7 pp |
| 2020 | -30.6% | $-1.29 Billion | $4.22 Billion | $1.38 Billion | $2.67 Billion | ▲ +6.2 pp |
| 2019 | -36.7% | $-1.36 Billion | $3.69 Billion | $1.21 Billion | $2.56 Billion | ▼ -7.0 pp |
| 2018 | -29.7% | $-1.01 Billion | $3.41 Billion | $1.24 Billion | $2.25 Billion | ▲ +1.4 pp |
| 2017 | -31.0% | $-813.34 Million | $2.62 Billion | $1.17 Billion | $1.98 Billion | ▲ +7.5 pp |
| 2016 | -38.6% | $-868.16 Million | $2.25 Billion | $1.08 Billion | $1.94 Billion | ▲ +3.7 pp |
| 2015 | -42.2% | $-796.13 Million | $1.88 Billion | $969.28 Million | $1.77 Billion | ▼ -12.6 pp |
| 2014 | -29.6% | $-452.46 Million | $1.53 Billion | $1.02 Billion | $1.47 Billion | ▲ +6.3 pp |
| 2013 | -35.9% | $-441.19 Million | $1.23 Billion | $1.06 Billion | $1.50 Billion | ▲ +3.1 pp |
| 2012 | -39.0% | $-403.66 Million | $1.04 Billion | $1.13 Billion | $1.54 Billion | ▼ -68.8 pp |
| 2011 | 29.8% | $296.29 Million | $993.02 Million | $2.08 Billion | $1.79 Billion | ▲ +3.7 pp |
| 2010 | 26.1% | $212.16 Million | $812.91 Million | $1.81 Billion | $1.60 Billion | ▼ -8.8 pp |
| 2009 | 34.9% | $250.19 Million | $717.63 Million | $1.81 Billion | $1.56 Billion | ▲ +1.6 pp |
| 2008 | 33.2% | $251.93 Million | $758.43 Million | $1.82 Billion | $1.57 Billion | ▲ +197.4 pp |
| 2007 | -164.2% | $-1.18 Billion | $718.10 Million | $1.63 Billion | $2.80 Billion | ▼ -43.5 pp |
| 2006 | -120.7% | $-839.56 Million | $695.60 Million | $1.83 Billion | $2.67 Billion | ▲ +42.1 pp |
| 2005 | -162.8% | $-912.29 Million | $560.29 Million | $1.03 Billion | $1.94 Billion | ▲ +32.7 pp |
| 2004 | -195.6% | $-947.96 Million | $484.70 Million | $1.94 Billion | $2.89 Billion | ▼ -186.0 pp |
| 2003 | -9.6% | $-28.85 Million | $300.74 Million | $425.26 Million | $454.11 Million | ▼ -39.8 pp |
| 2002 | 30.2% | $127.52 Million | $422.66 Million | $404.65 Million | $277.13 Million | ▼ -51.8 pp |
| 2001 | 82.0% | $211.48 Million | $257.89 Million | $441.54 Million | $230.06 Million | ▲ +50.2 pp |
| 2000 | 31.8% | $185.97 Million | $585.29 Million | $398.73 Million | $212.75 Million | ▼ -15.8 pp |
| 1999 | 47.6% | $293.08 Million | $616.02 Million | $531.99 Million | $238.90 Million | ▲ +9.2 pp |
| 1998 | 38.4% | $228.35 Million | $595.06 Million | $439.27 Million | $210.91 Million | ▲ +9.6 pp |
| 1997 | 28.8% | $173.38 Million | $602.32 Million | $363.33 Million | $189.95 Million | ▼ -9.0 pp |
| 1996 | 37.8% | $247.20 Million | $654.12 Million | $434.04 Million | $186.84 Million | ▲ +2.1 pp |
| 1995 | 35.7% | $245.39 Million | $686.78 Million | $411.79 Million | $166.40 Million | ▼ -2.0 pp |
| 1994 | 37.7% | $245.71 Million | $651.79 Million | $272.27 Million | $26.56 Million | — |