Companhia Siderúrgica Nacional (CSNA3) — Working Capital to Net Assets Ratio
Companhia Siderúrgica Nacional (CSNA3) has a Working Capital to Net Assets ratio of 46.2% as of September 2025. Working capital of R$8.02 Billion (current assets of R$32.84 Billion minus current liabilities of R$24.82 Billion) is measured against net assets of R$17.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Companhia Siderúrgica Nacional to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Companhia Siderúrgica Nacional Working Capital to Net Assets (1997–2024)
This chart shows how Companhia Siderúrgica Nacional's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 46.2%, reflecting working capital of R$8.02 Billion against net assets of R$17.36 Billion BRL. See operational self-sufficiency of Companhia Siderúrgica Nacional to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Companhia Siderúrgica Nacional (1997–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Companhia Siderúrgica Nacional from 1997 to 2024, covering 28 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 Companhia Siderúrgica Nacional market capitalisation.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 94.9% | R$14.67 Billion | R$15.46 Billion | R$39.79 Billion | R$25.12 Billion | ▲ +53.9 pp |
| 2023 | 40.9% | R$8.06 Billion | R$19.68 Billion | R$33.08 Billion | R$25.02 Billion | ▲ +3.6 pp |
| 2022 | 37.3% | R$8.14 Billion | R$21.82 Billion | R$30.61 Billion | R$22.48 Billion | ▼ -7.3 pp |
| 2021 | 44.6% | R$10.43 Billion | R$23.37 Billion | R$34.97 Billion | R$24.54 Billion | ▼ -32.3 pp |
| 2020 | 77.0% | R$8.66 Billion | R$11.25 Billion | R$23.39 Billion | R$14.73 Billion | ▲ +67.2 pp |
| 2019 | 9.7% | R$1.11 Billion | R$11.36 Billion | R$12.73 Billion | R$11.62 Billion | ▲ +4.0 pp |
| 2018 | 5.8% | R$575.93 Million | R$10.01 Billion | R$12.01 Billion | R$11.44 Billion | ▼ -8.9 pp |
| 2017 | 14.6% | R$1.21 Billion | R$8.29 Billion | R$11.88 Billion | R$10.67 Billion | ▼ -79.5 pp |
| 2016 | 94.1% | R$6.95 Billion | R$7.38 Billion | R$12.44 Billion | R$5.50 Billion | ▼ -65.9 pp |
| 2015 | 160.0% | R$11.35 Billion | R$7.09 Billion | R$16.43 Billion | R$5.08 Billion | ▼ -6.9 pp |
| 2014 | 166.9% | R$9.57 Billion | R$5.73 Billion | R$15.94 Billion | R$6.36 Billion | ▲ +32.6 pp |
| 2013 | 134.3% | R$10.84 Billion | R$8.07 Billion | R$16.40 Billion | R$5.56 Billion | ▼ -5.0 pp |
| 2012 | 139.3% | R$12.55 Billion | R$9.01 Billion | R$19.10 Billion | R$6.55 Billion | ▼ -44.2 pp |
| 2011 | 183.5% | R$15.45 Billion | R$8.42 Billion | R$21.94 Billion | R$6.50 Billion | ▲ +38.6 pp |
| 2010 | 144.9% | R$11.34 Billion | R$7.82 Billion | R$15.79 Billion | R$4.46 Billion | ▲ +33.5 pp |
| 2009 | 111.4% | R$8.29 Billion | R$7.44 Billion | R$11.93 Billion | R$3.65 Billion | ▲ +6.0 pp |
| 2008 | 105.4% | R$8.09 Billion | R$7.68 Billion | R$16.92 Billion | R$8.83 Billion | ▲ +38.4 pp |
| 2007 | 67.0% | R$3.20 Billion | R$4.79 Billion | R$8.31 Billion | R$5.10 Billion | ▼ -151.2 pp |
| 2006 | 218.1% | R$4.87 Billion | R$2.23 Billion | R$8.45 Billion | R$3.58 Billion | ▲ +26.7 pp |
| 2005 | 191.5% | R$4.51 Billion | R$2.36 Billion | R$7.78 Billion | R$3.26 Billion | ▲ +64.0 pp |
| 2004 | 127.5% | R$4.49 Billion | R$3.52 Billion | R$7.72 Billion | R$3.23 Billion | ▼ -6.6 pp |
| 2003 | 134.1% | R$3.12 Billion | R$2.33 Billion | R$6.66 Billion | R$3.54 Billion | ▲ +162.1 pp |
| 2002 | -28.0% | R$-502.65 Million | R$1.79 Billion | R$5.63 Billion | R$6.13 Billion | ▼ -10.3 pp |
| 2001 | -17.7% | R$-306.54 Million | R$1.73 Billion | R$3.05 Billion | R$3.36 Billion | ▼ -64.0 pp |
| 2000 | 46.3% | R$1.06 Billion | R$2.30 Billion | R$4.76 Billion | R$3.70 Billion | ▲ +57.2 pp |
| 1999 | -10.9% | R$-654.80 Million | R$6.03 Billion | R$2.60 Billion | R$3.25 Billion | ▼ -30.5 pp |
| 1998 | 19.7% | R$905.67 Million | R$4.60 Billion | R$2.28 Billion | R$1.38 Billion | ▲ +8.8 pp |
| 1997 | 10.9% | R$478.43 Million | R$4.39 Billion | R$2.69 Billion | R$2.22 Billion | — |