Gerdau S.A (GGBR3) — Working Capital to Net Assets Ratio
Gerdau S.A (GGBR3) has a Working Capital to Net Assets ratio of 34.4% as of March 2026. Working capital of R$18.21 Billion (current assets of R$28.57 Billion minus current liabilities of R$10.36 Billion) is measured against net assets of R$52.97 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See GGBR3 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gerdau S.A Working Capital to Net Assets (1998–2025)
This chart shows how Gerdau S.A's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 34.4%, reflecting working capital of R$18.21 Billion against net assets of R$52.97 Billion BRL. For the complete balance sheet picture, see Gerdau S.A assets under control.
Annual Working Capital to Net Assets for Gerdau S.A (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gerdau S.A from 1998 to 2025, 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. Check asset resilience ratio of Gerdau S.A to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 34.8% | R$18.72 Billion | R$53.80 Billion | R$28.61 Billion | R$9.89 Billion | ▼ -2.7 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 | — |