Usinas Siderúrgicas de Minas Gerais S.A (USIM3) — Working Capital to Net Assets Ratio
Usinas Siderúrgicas de Minas Gerais S.A (USIM3) has a Working Capital to Net Assets ratio of 54.2% as of March 2026. Working capital of R$12.69 Billion (current assets of R$16.28 Billion minus current liabilities of R$3.59 Billion) is measured against net assets of R$23.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See USIM3 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Usinas Siderúrgicas de Minas Gerais S.A Working Capital to Net Assets (2002–2025)
This chart shows how Usinas Siderúrgicas de Minas Gerais S.A's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 54.2%, reflecting working capital of R$12.69 Billion against net assets of R$23.41 Billion BRL. See Usinas Siderúrgicas de Minas Gerais S.A liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Usinas Siderúrgicas de Minas Gerais S.A (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Usinas Siderúrgicas de Minas Gerais S.A from 2002 to 2025, covering 24 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 Usinas Siderúrgicas de Minas Gerais S.A stock valuation.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 53.7% | R$12.72 Billion | R$23.70 Billion | R$16.80 Billion | R$4.08 Billion | ▲ +6.3 pp |
| 2024 | 47.4% | R$12.65 Billion | R$26.68 Billion | R$17.43 Billion | R$4.78 Billion | ▲ +0.6 pp |
| 2023 | 46.8% | R$12.42 Billion | R$26.55 Billion | R$17.93 Billion | R$5.51 Billion | ▼ -11.0 pp |
| 2022 | 57.8% | R$14.97 Billion | R$25.89 Billion | R$20.36 Billion | R$5.39 Billion | ▲ +1.7 pp |
| 2021 | 56.1% | R$13.67 Billion | R$24.36 Billion | R$20.00 Billion | R$6.33 Billion | ▲ +12.5 pp |
| 2020 | 43.7% | R$7.35 Billion | R$16.84 Billion | R$11.83 Billion | R$4.48 Billion | ▲ +5.3 pp |
| 2019 | 38.4% | R$5.97 Billion | R$15.57 Billion | R$8.86 Billion | R$2.89 Billion | ▲ +6.6 pp |
| 2018 | 31.8% | R$4.99 Billion | R$15.70 Billion | R$8.32 Billion | R$3.34 Billion | ▲ +4.1 pp |
| 2017 | 27.7% | R$4.21 Billion | R$15.18 Billion | R$7.25 Billion | R$3.05 Billion | ▼ -3.0 pp |
| 2016 | 30.7% | R$4.67 Billion | R$15.19 Billion | R$6.42 Billion | R$1.75 Billion | ▲ +14.7 pp |
| 2015 | 16.0% | R$2.40 Billion | R$14.99 Billion | R$6.89 Billion | R$4.50 Billion | ▼ -2.5 pp |
| 2014 | 18.5% | R$3.48 Billion | R$18.76 Billion | R$8.25 Billion | R$4.77 Billion | ▼ -4.7 pp |
| 2013 | 23.2% | R$4.37 Billion | R$18.83 Billion | R$9.46 Billion | R$5.09 Billion | ▼ -5.4 pp |
| 2012 | 28.7% | R$5.31 Billion | R$18.51 Billion | R$10.71 Billion | R$5.40 Billion | ▼ -16.1 pp |
| 2011 | 44.8% | R$8.51 Billion | R$19.01 Billion | R$12.62 Billion | R$4.11 Billion | ▼ -1.3 pp |
| 2010 | 46.1% | R$8.77 Billion | R$19.03 Billion | R$12.31 Billion | R$3.53 Billion | ▲ +8.6 pp |
| 2009 | 37.5% | R$6.00 Billion | R$16.00 Billion | R$9.24 Billion | R$3.24 Billion | ▼ -12.0 pp |
| 2008 | 49.5% | R$7.48 Billion | R$15.12 Billion | R$11.90 Billion | R$4.42 Billion | ▲ +8.2 pp |
| 2007 | 41.3% | R$5.19 Billion | R$12.59 Billion | R$8.96 Billion | R$3.77 Billion | ▼ -0.6 pp |
| 2006 | 41.9% | R$4.41 Billion | R$10.52 Billion | R$7.58 Billion | R$3.18 Billion | ▲ +11.4 pp |
| 2005 | 30.6% | R$2.70 Billion | R$8.84 Billion | R$6.64 Billion | R$3.94 Billion | ▼ -8.7 pp |
| 2004 | 39.2% | R$2.42 Billion | R$6.16 Billion | R$6.33 Billion | R$3.92 Billion | ▲ +38.2 pp |
| 2003 | 1.0% | R$42.35 Million | R$4.11 Billion | R$4.25 Billion | R$4.21 Billion | ▲ +43.9 pp |
| 2002 | -42.9% | R$-1.34 Billion | R$3.12 Billion | R$3.70 Billion | R$5.04 Billion | — |