Novartis AG Working Capital to Net Assets Ratio
Novartis AG 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$38.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible net worth ratio of Novartis AG to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Novartis AG (2014–2025)
Working capital to net assets ratio of Novartis AG from 2014 to 2025. This chart shows how Novartis AG's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at -12.2%, reflecting working capital of MX$-4.77 Billion against net assets of MX$38.93 Billion MXN. See Novartis AG liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Novartis AG Working Capital to Net Assets Ratio by Year (2014–2025)
Novartis AG working capital to net assets ratio by year from 2014 to 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 the complete balance sheet picture, see balance sheet size of Novartis AG.
| 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 | — |