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