Affirm Holdings Inc (AFRM) — Working Capital to Net Assets Ratio
Affirm Holdings Inc (AFRM) has a Working Capital to Net Assets ratio of 318.5% as of December 2025. Working capital of $11.30 Billion (current assets of $11.47 Billion minus current liabilities of $171.41 Million) is measured against net assets of $3.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Affirm Holdings Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Affirm Holdings Inc Working Capital to Net Assets (2019–2025)
This chart shows how Affirm Holdings Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 318.5%, reflecting working capital of $11.30 Billion against net assets of $3.55 Billion USD. Check how tangible is Affirm Holdings Inc's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Affirm Holdings Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Affirm Holdings Inc from 2019 to 2025, covering 7 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 AFRM company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 312.1% | $9.58 Billion | $3.07 Billion | $9.76 Billion | $180.10 Million | ▲ +16.2 pp |
| 2024 | 295.9% | $8.08 Billion | $2.73 Billion | $8.21 Billion | $124.96 Million | ▲ +27.3 pp |
| 2023 | 268.6% | $6.81 Billion | $2.53 Billion | $6.90 Billion | $92.80 Million | ▲ +55.9 pp |
| 2022 | 212.7% | $5.57 Billion | $2.62 Billion | $5.68 Billion | $107.07 Million | ▲ +66.4 pp |
| 2021 | 146.3% | $3.77 Billion | $2.58 Billion | $3.88 Billion | $108.18 Million | ▲ +501.5 pp |
| 2020 | -355.2% | $1.30 Billion | $-367.10 Million | $1.34 Billion | $36.31 Million | ▲ +47.6 pp |
| 2019 | -402.8% | $1.06 Billion | $-263.41 Million | $1.08 Billion | $19.76 Million | — |