Gerdau S.A (GGBR3) — Working Capital to Net Assets Ratio
Gerdau S.A (GGBR3) has a Working Capital to Net Assets ratio of 38.4% as of September 2025. Working capital of R$21.05 Billion (current assets of R$33.40 Billion minus current liabilities of R$12.35 Billion) is measured against net assets of R$54.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Gerdau S.A net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gerdau S.A Working Capital to Net Assets (1998–2024)
This chart shows how Gerdau S.A's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1998 to 2024. As of September 2025, the ratio stands at 38.4%, reflecting working capital of R$21.05 Billion against net assets of R$54.74 Billion BRL. Check Gerdau S.A tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Gerdau S.A (1998–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gerdau S.A from 1998 to 2024, covering 27 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 Gerdau S.A stock valuation.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 37.5% | R$21.82 Billion | R$58.17 Billion | R$32.67 Billion | R$10.85 Billion | ▲ +1.1 pp |
| 2023 | 36.4% | R$17.91 Billion | R$49.24 Billion | R$29.20 Billion | R$11.28 Billion | ▼ -2.1 pp |
| 2022 | 38.4% | R$17.79 Billion | R$46.30 Billion | R$31.26 Billion | R$13.46 Billion | ▼ -5.0 pp |
| 2021 | 43.5% | R$18.60 Billion | R$42.82 Billion | R$32.64 Billion | R$14.04 Billion | ▲ +5.1 pp |
| 2020 | 38.4% | R$11.93 Billion | R$31.09 Billion | R$23.41 Billion | R$11.48 Billion | ▼ -1.4 pp |
| 2019 | 39.8% | R$10.81 Billion | R$27.17 Billion | R$18.24 Billion | R$7.42 Billion | ▲ +5.1 pp |
| 2018 | 34.7% | R$9.00 Billion | R$25.94 Billion | R$17.50 Billion | R$8.50 Billion | ▼ -8.3 pp |
| 2017 | 43.0% | R$10.27 Billion | R$23.89 Billion | R$17.98 Billion | R$7.71 Billion | ▲ +5.2 pp |
| 2016 | 37.8% | R$9.18 Billion | R$24.27 Billion | R$17.80 Billion | R$8.62 Billion | ▼ -7.0 pp |
| 2015 | 44.8% | R$14.31 Billion | R$31.97 Billion | R$22.18 Billion | R$7.86 Billion | ▲ +6.0 pp |
| 2014 | 38.8% | R$12.91 Billion | R$33.25 Billion | R$20.68 Billion | R$7.77 Billion | ▲ +4.7 pp |
| 2013 | 34.2% | R$10.94 Billion | R$32.02 Billion | R$18.18 Billion | R$7.24 Billion | ▲ +4.3 pp |
| 2012 | 29.8% | R$8.59 Billion | R$28.80 Billion | R$16.41 Billion | R$7.82 Billion | ▼ -9.9 pp |
| 2011 | 39.8% | R$10.54 Billion | R$26.52 Billion | R$17.32 Billion | R$6.78 Billion | ▲ +0.4 pp |
| 2010 | 39.3% | R$7.92 Billion | R$20.15 Billion | R$12.95 Billion | R$5.02 Billion | ▼ -3.1 pp |
| 2009 | 42.5% | R$9.35 Billion | R$22.00 Billion | R$14.16 Billion | R$4.82 Billion | ▼ -6.6 pp |
| 2008 | 49.1% | R$12.30 Billion | R$25.04 Billion | R$20.78 Billion | R$8.48 Billion | ▼ -0.8 pp |
| 2007 | 50.0% | R$8.72 Billion | R$17.46 Billion | R$15.45 Billion | R$6.73 Billion | ▼ -34.4 pp |
| 2006 | 84.4% | R$8.87 Billion | R$10.51 Billion | R$15.11 Billion | R$6.24 Billion | ▲ +10.6 pp |
| 2005 | 73.8% | R$7.69 Billion | R$10.43 Billion | R$11.62 Billion | R$3.93 Billion | ▲ +22.9 pp |
| 2004 | 50.9% | R$4.28 Billion | R$8.41 Billion | R$8.83 Billion | R$4.55 Billion | ▲ +32.9 pp |
| 2003 | 18.0% | R$867.48 Million | R$4.81 Billion | R$5.08 Billion | R$4.21 Billion | ▲ +23.4 pp |
| 2002 | -5.4% | R$-225.06 Million | R$4.15 Billion | R$5.40 Billion | R$5.62 Billion | ▼ -28.9 pp |
| 2001 | 23.5% | R$582.05 Million | R$2.47 Billion | R$2.63 Billion | R$2.05 Billion | ▲ +5.8 pp |
| 2000 | 17.7% | R$383.34 Million | R$2.16 Billion | R$2.27 Billion | R$1.89 Billion | ▼ -0.3 pp |
| 1999 | 18.0% | R$392.08 Million | R$2.18 Billion | R$2.30 Billion | R$1.90 Billion | ▼ -23.3 pp |
| 1998 | 41.3% | R$608.81 Million | R$1.47 Billion | R$1.18 Billion | R$566.28 Million | — |