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 55.0% as of June 2026. Working capital of R$13.00 Billion (current assets of R$16.78 Billion minus current liabilities of R$3.78 Billion) is measured against net assets of R$23.65 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Usinas Siderúrgicas de Minas Gerais S.A fund operations to measure how many days the company can operate on defensive assets alone.
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 June 2026, the ratio stands at 55.0%, reflecting working capital of R$13.00 Billion against net assets of R$23.65 Billion BRL. For the complete balance sheet picture, see USIM3 total assets.
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. Check Usinas Siderúrgicas de Minas Gerais S.A (USIM3) asset resilience 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 | 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 | — |