UWM Holdings Corp (UWMC) — Working Capital to Net Assets Ratio
UWM Holdings Corp (UWMC) has a Working Capital to Net Assets ratio of -65.7% as of December 2025. Working capital of $-1.05 Billion (current assets of $2.16 Billion minus current liabilities of $3.21 Billion) is measured against net assets of $1.59 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of UWM Holdings Corp to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
UWM Holdings Corp Working Capital to Net Assets (2017–2025)
This chart shows how UWM Holdings Corp's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at -65.7%, reflecting working capital of $-1.05 Billion against net assets of $1.59 Billion USD. See UWMC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for UWM Holdings Corp (2017–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for UWM Holdings Corp from 2017 to 2025, covering 9 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 UWM Holdings Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -65.7% | $-1.05 Billion | $1.59 Billion | $2.16 Billion | $3.21 Billion | ▲ +383.0 pp |
| 2024 | -448.7% | $-9.22 Billion | $2.05 Billion | $925.29 Million | $10.14 Billion | ▼ -223.1 pp |
| 2023 | -225.7% | $-5.58 Billion | $2.47 Billion | $1.19 Billion | $6.77 Billion | ▼ -20.5 pp |
| 2022 | -205.2% | $-6.51 Billion | $3.17 Billion | $1.25 Billion | $7.76 Billion | ▼ -229.2 pp |
| 2021 | 24.0% | $761.62 Million | $3.17 Billion | $1.20 Billion | $439.72 Million | ▲ +301.0 pp |
| 2020 | -277.0% | $-6.58 Billion | $2.37 Billion | $1.53 Billion | $8.11 Billion | ▼ -1081.4 pp |
| 2019 | 804.4% | $5.32 Billion | $661.32 Million | $5.77 Billion | $447.95 Million | ▲ +713.0 pp |
| 2018 | 91.4% | $291.75 Million | $319.05 Million | $2.65 Billion | $2.36 Billion | ▼ -679.2 pp |
| 2017 | 770.7% | $1.80 Billion | $233.11 Million | $1.96 Billion | $160.24 Million | — |