Novartis AG (NVSN) — Working Capital to Net Assets Ratio
Novartis AG (NVSN) has a Working Capital to Net Assets ratio of -12.2% as of March 2026. Working capital of MX$-4.77 Billion (current assets of MX$26.61 Billion minus current liabilities of MX$31.37 Billion) is measured against net assets of MX$38.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Novartis AG net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Novartis AG Working Capital to Net Assets (2014–2025)
This chart shows how Novartis AG's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at -12.2%, reflecting working capital of MX$-4.77 Billion against net assets of MX$38.93 Billion MXN. Check tangible net worth ratio of Novartis AG to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Novartis AG (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Novartis AG from 2014 to 2025, covering 12 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 NVSN market cap.
| Year | WC/NA Ratio | Working Capital (MXN) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 6.8% | MX$3.18 Billion | MX$46.55 Billion | MX$30.46 Billion | MX$27.28 Billion | ▲ +4.5 pp |
| 2024 | 2.3% | MX$1.01 Billion | MX$44.13 Billion | MX$29.70 Billion | MX$28.69 Billion | ▼ -6.5 pp |
| 2023 | 8.8% | MX$4.09 Billion | MX$46.75 Billion | MX$30.48 Billion | MX$26.39 Billion | ▼ -5.1 pp |
| 2022 | 13.9% | MX$8.25 Billion | MX$59.42 Billion | MX$36.91 Billion | MX$28.66 Billion | ▼ -9.0 pp |
| 2021 | 22.9% | MX$15.51 Billion | MX$67.82 Billion | MX$45.72 Billion | MX$30.21 Billion | ▲ +28.8 pp |
| 2020 | -6.0% | MX$-3.39 Billion | MX$56.67 Billion | MX$29.67 Billion | MX$33.06 Billion | ▼ -8.2 pp |
| 2019 | 2.2% | MX$1.24 Billion | MX$55.55 Billion | MX$29.50 Billion | MX$28.26 Billion | ▼ -5.3 pp |
| 2018 | 7.6% | MX$5.96 Billion | MX$78.69 Billion | MX$35.56 Billion | MX$29.61 Billion | ▲ +1.1 pp |
| 2017 | 6.5% | MX$4.80 Billion | MX$74.23 Billion | MX$28.21 Billion | MX$23.40 Billion | ▲ +2.8 pp |
| 2016 | 3.6% | MX$2.72 Billion | MX$74.89 Billion | MX$24.93 Billion | MX$22.21 Billion | ▲ +4.8 pp |
| 2015 | -1.1% | MX$-863.00 Million | MX$77.12 Billion | MX$22.84 Billion | MX$23.71 Billion | ▼ -16.1 pp |
| 2014 | 14.9% | MX$10.59 Billion | MX$70.84 Billion | MX$37.56 Billion | MX$26.97 Billion | — |