Advanced Drainage Systems Inc (WMS) — Working Capital to Net Assets Ratio
Advanced Drainage Systems Inc (WMS) has a Working Capital to Net Assets ratio of 36.9% as of March 2026. Working capital of $721.36 Million (current assets of $1.23 Billion minus current liabilities of $509.47 Million) is measured against net assets of $1.96 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of Advanced Drainage Systems Inc to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Advanced Drainage Systems Inc Working Capital to Net Assets (2012–2026)
This chart shows how Advanced Drainage Systems Inc's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2012 to 2026. As of March 2026, the ratio stands at 36.9%, reflecting working capital of $721.36 Million against net assets of $1.96 Billion USD. See WMS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Advanced Drainage Systems Inc (2012–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Advanced Drainage Systems Inc from 2012 to 2026, covering 15 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 WMS market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 36.9% | $721.36 Million | $1.96 Billion | $1.23 Billion | $509.47 Million | ▼ -19.8 pp |
| 2025 | 56.6% | $926.39 Million | $1.64 Billion | $1.32 Billion | $398.40 Million | ▼ -10.5 pp |
| 2024 | 67.2% | $860.35 Million | $1.28 Billion | $1.30 Billion | $439.62 Million | ▲ +3.0 pp |
| 2023 | 64.2% | $638.69 Million | $994.86 Million | $1.02 Billion | $378.80 Million | ▲ +20.7 pp |
| 2022 | 43.5% | $480.66 Million | $1.11 Billion | $871.90 Million | $391.24 Million | ▲ +3.6 pp |
| 2021 | 39.9% | $424.71 Million | $1.06 Billion | $742.98 Million | $318.27 Million | ▼ -14.6 pp |
| 2020 | 54.6% | $428.00 Million | $784.58 Million | $666.21 Million | $238.21 Million | ▲ +2.6 pp |
| 2019 | 52.0% | $260.23 Million | $500.63 Million | $466.51 Million | $206.28 Million | ▼ -3.8 pp |
| 2018 | 55.8% | $237.21 Million | $425.34 Million | $458.45 Million | $221.24 Million | ▲ +1.8 pp |
| 2017 | 54.0% | $184.81 Million | $342.21 Million | $440.57 Million | $255.75 Million | ▼ -52.4 pp |
| 2016 | 106.4% | $296.13 Million | $278.25 Million | $469.25 Million | $173.12 Million | ▲ +27.2 pp |
| 2015 | 79.2% | $249.14 Million | $314.60 Million | $446.73 Million | $197.59 Million | ▼ -70.5 pp |
| 2014 | 149.7% | $263.91 Million | $176.28 Million | $428.50 Million | $164.59 Million | ▲ +81.4 pp |
| 2013 | 68.3% | $220.28 Million | $322.62 Million | $387.42 Million | $167.15 Million | ▼ -3.6 pp |
| 2012 | 71.9% | $208.27 Million | $289.71 Million | $376.69 Million | $168.42 Million | — |