Affirm Holdings Inc (AFRM) — Working Capital to Net Assets Ratio
Affirm Holdings Inc (AFRM) has a Working Capital to Net Assets ratio of 48.5% as of June 2026. Working capital of $2.66 Billion (current assets of $2.89 Billion minus current liabilities of $226.83 Million) is measured against net assets of $5.48 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AFRM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Affirm Holdings Inc Working Capital to Net Assets (2019–2026)
This chart shows how Affirm Holdings Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2019 to 2026. As of June 2026, the ratio stands at 48.5%, reflecting working capital of $2.66 Billion against net assets of $5.48 Billion USD. For the complete balance sheet picture, see Affirm Holdings Inc asset portfolio.
Annual Working Capital to Net Assets for Affirm Holdings Inc (2019–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Affirm Holdings Inc from 2019 to 2026, covering 8 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 AFRM asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 48.5% | $2.66 Billion | $5.48 Billion | $2.89 Billion | $226.83 Million | ▼ -263.6 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 | — |