Westpac Banking Corporation Working Capital to Net Assets Ratio
Westpac Banking Corporation working capital to net assets ratio. Westpac Banking Corporation (WBC) has a Working Capital to Net Assets ratio of -1041.7% as of March 2026. Working capital of AU$-740.33 Billion (current assets of AU$53.49 Billion minus current liabilities of AU$793.83 Billion) is measured against net assets of AU$71.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Westpac Banking Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Westpac Banking Corporation (1990–2025)
Working capital to net assets ratio of Westpac Banking Corporation from 1990 to 2025. This chart shows how Westpac Banking Corporation's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1990 to 2025. As of March 2026, the ratio stands at -1041.7%, reflecting working capital of AU$-740.33 Billion against net assets of AU$71.07 Billion AUD. See WBC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Westpac Banking Corporation Working Capital to Net Assets Ratio by Year (1990–2025)
Westpac Banking Corporation working capital to net assets ratio by year from 1990 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Westpac Banking Corporation from 1990 to 2025, covering 34 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see WBC total assets.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -436.7% | AU$-319.16 Billion | AU$73.09 Billion | AU$133.11 Billion | AU$452.27 Billion | ▼ -329.9 pp |
| 2024 | -106.8% | AU$-76.94 Billion | AU$72.05 Billion | AU$314.84 Billion | AU$391.78 Billion | ▼ -240.7 pp |
| 2023 | 133.9% | AU$97.15 Billion | AU$72.54 Billion | AU$102.22 Billion | AU$5.07 Billion | ▼ -11.1 pp |
| 2022 | 145.1% | AU$102.29 Billion | AU$70.51 Billion | AU$104.95 Billion | AU$2.66 Billion | ▲ +49.1 pp |
| 2021 | 95.9% | AU$69.16 Billion | AU$72.09 Billion | AU$70.91 Billion | AU$1.75 Billion | ▲ +55.2 pp |
| 2020 | 40.7% | AU$27.71 Billion | AU$68.07 Billion | AU$29.67 Billion | AU$1.96 Billion | ▲ +15.0 pp |
| 2019 | 25.7% | AU$16.82 Billion | AU$65.51 Billion | AU$20.06 Billion | AU$3.24 Billion | ▼ -10.1 pp |
| 2018 | 35.8% | AU$23.12 Billion | AU$64.57 Billion | AU$26.79 Billion | AU$3.67 Billion | ▲ +11.9 pp |
| 2017 | 23.9% | AU$14.65 Billion | AU$61.34 Billion | AU$18.40 Billion | AU$3.75 Billion | ▲ +11.3 pp |
| 2016 | 12.5% | AU$7.29 Billion | AU$58.18 Billion | AU$10.84 Billion | AU$3.54 Billion | ▲ +2.1 pp |
| 2015 | 10.4% | AU$5.63 Billion | AU$53.91 Billion | AU$9.28 Billion | AU$3.65 Billion | ▼ -21.0 pp |
| 2014 | 31.4% | AU$15.51 Billion | AU$49.34 Billion | AU$19.58 Billion | AU$4.07 Billion | ▲ +19.3 pp |
| 2013 | 12.1% | AU$5.76 Billion | AU$47.54 Billion | AU$9.86 Billion | AU$4.10 Billion | ▲ +2.5 pp |
| 2012 | 9.7% | AU$6.36 Billion | AU$65.91 Billion | AU$11.14 Billion | AU$4.78 Billion | ▼ -81.2 pp |
| 2011 | 90.9% | AU$39.81 Billion | AU$43.81 Billion | AU$44.62 Billion | AU$4.82 Billion | ▲ +27.1 pp |
| 2010 | 63.8% | AU$25.60 Billion | AU$40.12 Billion | AU$30.50 Billion | AU$4.90 Billion | ▲ +82.2 pp |
| 2009 | -18.4% | AU$-6.73 Billion | AU$36.57 Billion | AU$31.62 Billion | AU$38.35 Billion | ▲ +8.5 pp |
| 2008 | -26.9% | AU$-5.32 Billion | AU$19.77 Billion | AU$35.77 Billion | AU$41.09 Billion | ▼ -255.7 pp |
| 2007 | 228.7% | AU$40.79 Billion | AU$17.83 Billion | AU$90.93 Billion | AU$50.14 Billion | ▲ +333.8 pp |
| 2006 | -105.0% | AU$-16.90 Billion | AU$16.10 Billion | AU$22.28 Billion | AU$39.19 Billion | ▼ -66.0 pp |
| 2005 | -39.0% | AU$-6.72 Billion | AU$17.24 Billion | AU$13.99 Billion | AU$20.71 Billion | ▼ -21.4 pp |
| 2004 | -17.6% | AU$-2.87 Billion | AU$16.31 Billion | AU$12.68 Billion | AU$15.55 Billion | ▲ +13.0 pp |
| 2003 | -30.6% | AU$-4.28 Billion | AU$14.00 Billion | AU$7.82 Billion | AU$12.10 Billion | ▼ -1754.2 pp |
| 2002 | 1723.6% | AU$180.44 Billion | AU$10.47 Billion | AU$188.49 Billion | AU$8.05 Billion | ▲ +90.8 pp |
| 2001 | 1632.8% | AU$158.47 Billion | AU$9.71 Billion | AU$187.35 Billion | AU$28.87 Billion | ▼ -82.5 pp |
| 2000 | 1715.3% | AU$158.86 Billion | AU$9.26 Billion | AU$164.91 Billion | AU$6.05 Billion | ▲ +263.4 pp |
| 1999 | 1451.9% | AU$130.66 Billion | AU$9.00 Billion | AU$137.06 Billion | AU$6.40 Billion | ▼ -32.3 pp |
| 1998 | 1484.3% | AU$127.92 Billion | AU$8.62 Billion | AU$134.04 Billion | AU$6.13 Billion | ▲ +76.2 pp |
| 1997 | 1408.1% | AU$115.44 Billion | AU$8.20 Billion | AU$116.15 Billion | AU$710.35 Million | ▼ -1.9 pp |
| 1996 | 1410.0% | AU$111.56 Billion | AU$7.91 Billion | AU$118.80 Billion | AU$7.25 Billion | ▲ +74.5 pp |
| 1995 | 1335.5% | AU$101.22 Billion | AU$7.58 Billion | AU$104.13 Billion | AU$2.91 Billion | ▲ +1356.4 pp |
| 1994 | -20.9% | AU$-1.52 Billion | AU$7.30 Billion | AU$1.08 Billion | AU$2.60 Billion | ▲ +4.5 pp |
| 1993 | -25.4% | AU$-1.82 Billion | AU$7.15 Billion | AU$1.62 Billion | AU$3.43 Billion | ▼ -61.4 pp |
| 1990 | 36.0% | AU$2.48 Billion | AU$6.88 Billion | AU$10.70 Billion | AU$8.22 Billion | — |