The Cheesecake Factory Working Capital to Net Assets Ratio
The Cheesecake Factory working capital to net assets ratio. The Cheesecake Factory (CAKE) has a Working Capital to Net Assets ratio of -56.8% as of June 2026. Working capital of $-294.79 Million (current assets of $418.79 Million minus current liabilities of $713.58 Million) is measured against net assets of $518.96 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of The Cheesecake Factory 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 The Cheesecake Factory (1992–2025)
Working capital to net assets ratio of The Cheesecake Factory from 1992 to 2025. This chart shows how The Cheesecake Factory's Working Capital to Net Assets ratio has evolved across 67 annual periods from 1992 to 2025. As of June 2026, the ratio stands at -56.8%, reflecting working capital of $-294.79 Million against net assets of $518.96 Million USD. See defensive interval ratio of The Cheesecake Factory to measure how many days the company can operate on defensive assets alone.
The Cheesecake Factory Working Capital to Net Assets Ratio by Year (1992–2025)
The Cheesecake Factory working capital to net assets ratio by year from 1992 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for The Cheesecake Factory from 1992 to 2025, covering 67 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 CAKE total asset value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -73.8% | $-322.18 Million | $436.43 Million | $454.83 Million | $777.01 Million | ▲ +11.4 pp |
| 2025 | -85.3% | $-378.11 Million | $443.45 Million | $333.31 Million | $711.42 Million | ▲ +0.0 pp |
| 2024 | -85.3% | $-378.11 Million | $443.45 Million | $333.31 Million | $711.42 Million | ▲ +27.9 pp |
| 2024 | -113.1% | $-359.87 Million | $318.06 Million | $300.80 Million | $660.67 Million | ▲ +0.0 pp |
| 2023 | -113.1% | $-359.87 Million | $318.06 Million | $300.80 Million | $660.67 Million | ▼ -6.7 pp |
| 2023 | -106.5% | $-310.91 Million | $292.00 Million | $345.77 Million | $656.68 Million | ▲ +0.0 pp |
| 2022 | -106.5% | $-310.91 Million | $292.00 Million | $345.77 Million | $656.68 Million | ▼ -36.6 pp |
| 2022 | -69.9% | $-230.68 Million | $330.17 Million | $405.59 Million | $636.27 Million | ▲ +0.0 pp |
| 2021 | -69.9% | $-230.68 Million | $330.17 Million | $405.59 Million | $636.27 Million | ▼ -21.6 pp |
| 2021 | -48.3% | $-244.71 Million | $506.94 Million | $341.36 Million | $586.07 Million | ▲ +0.0 pp |
| 2020 | -48.3% | $-244.71 Million | $506.94 Million | $341.36 Million | $586.07 Million | ▲ +16.5 pp |
| 2020 | -64.7% | $-370.07 Million | $571.74 Million | $244.51 Million | $614.59 Million | ▲ +0.0 pp |
| 2019 | -64.7% | $-370.07 Million | $571.74 Million | $244.51 Million | $614.59 Million | ▼ -26.0 pp |
| 2019 | -38.7% | $-221.27 Million | $571.06 Million | $195.23 Million | $416.50 Million | ▲ +0.0 pp |
| 2018 | -38.7% | $-221.27 Million | $571.06 Million | $195.23 Million | $416.50 Million | ▼ -7.9 pp |
| 2018 | -30.9% | $-189.32 Million | $613.53 Million | $208.63 Million | $397.95 Million | ▲ +0.0 pp |
| 2017 | -30.9% | $-189.32 Million | $613.53 Million | $208.63 Million | $397.95 Million | ▼ -5.1 pp |
| 2017 | -25.7% | $-155.10 Million | $603.21 Million | $221.43 Million | $376.53 Million | ▲ +0.0 pp |
| 2016 | -25.7% | $-155.10 Million | $603.21 Million | $221.43 Million | $376.53 Million | ▼ -4.5 pp |
| 2016 | -21.2% | $-124.83 Million | $588.54 Million | $225.40 Million | $350.23 Million | ▲ +0.0 pp |
| 2015 | -21.2% | $-124.83 Million | $588.54 Million | $225.40 Million | $350.23 Million | ▼ -6.4 pp |
| 2015 | -14.8% | $-82.55 Million | $556.51 Million | $239.46 Million | $322.01 Million | ▲ +0.0 pp |
| 2014 | -14.8% | $-82.55 Million | $556.51 Million | $239.46 Million | $322.01 Million | ▼ -8.2 pp |
| 2014 | -6.6% | $-38.34 Million | $577.35 Million | $225.90 Million | $264.25 Million | ▲ +0.0 pp |
| 2013 | -6.6% | $-38.34 Million | $577.35 Million | $225.90 Million | $264.25 Million | ▼ -2.7 pp |
| 2013 | -3.9% | $-22.83 Million | $579.73 Million | $230.21 Million | $253.03 Million | ▲ +0.0 pp |
| 2012 | -3.9% | $-22.83 Million | $579.73 Million | $230.21 Million | $253.03 Million | ▲ +4.7 pp |
| 2012 | -8.6% | $-46.84 Million | $542.75 Million | $176.40 Million | $223.24 Million | ▲ +0.0 pp |
| 2011 | -8.6% | $-46.84 Million | $542.75 Million | $176.40 Million | $223.24 Million | ▼ -5.8 pp |
| 2011 | -2.8% | $-16.65 Million | $592.34 Million | $186.05 Million | $202.71 Million | ▲ +0.0 pp |
| 2010 | -2.8% | $-16.65 Million | $592.34 Million | $186.05 Million | $202.71 Million | ▲ +2.7 pp |
| 2010 | -5.5% | $-28.23 Million | $516.11 Million | $172.23 Million | $200.46 Million | ▲ +0.0 pp |
| 2009 | -5.5% | $-28.23 Million | $516.11 Million | $172.23 Million | $200.46 Million | ▼ -6.4 pp |
| 2009 | 1.0% | $4.39 Million | $452.57 Million | $190.22 Million | $185.83 Million | ▲ +0.0 pp |
| 2008 | 1.0% | $4.39 Million | $452.57 Million | $190.22 Million | $185.83 Million | ▲ +7.3 pp |
| 2008 | -6.4% | $-35.86 Million | $562.93 Million | $181.21 Million | $217.07 Million | ▲ +0.0 pp |
| 2007 | -6.4% | $-35.86 Million | $562.93 Million | $181.21 Million | $217.07 Million | ▼ -11.9 pp |
| 2007 | 5.6% | $39.68 Million | $711.54 Million | $202.48 Million | $162.80 Million | ▲ +0.0 pp |
| 2006 | 5.6% | $39.68 Million | $711.54 Million | $202.48 Million | $162.80 Million | ▼ -1.0 pp |
| 2006 | 6.5% | $42.36 Million | $647.70 Million | $172.25 Million | $129.89 Million | ▲ +0.0 pp |
| 2005 | 6.5% | $42.36 Million | $647.70 Million | $172.25 Million | $129.89 Million | ▲ +5.7 pp |
| 2005 | 0.9% | $4.70 Million | $542.85 Million | $114.55 Million | $109.85 Million | ▲ +0.0 pp |
| 2004 | 0.9% | $4.70 Million | $542.85 Million | $114.55 Million | $109.85 Million | ▼ -6.5 pp |
| 2004 | 7.4% | $33.94 Million | $457.90 Million | $115.49 Million | $81.55 Million | ▲ +0.0 pp |
| 2003 | 7.4% | $33.94 Million | $457.90 Million | $115.49 Million | $81.55 Million | ▲ +4.4 pp |
| 2003 | 3.0% | $11.29 Million | $379.56 Million | $73.29 Million | $61.99 Million | ▲ +0.0 pp |
| 2002 | 3.0% | $11.29 Million | $379.56 Million | $73.29 Million | $61.99 Million | ▲ +2.6 pp |
| 2002 | 0.3% | $946.00K | $289.47 Million | $58.05 Million | $57.11 Million | ▲ +0.0 pp |
| 2001 | 0.3% | $946.00K | $289.47 Million | $58.05 Million | $57.11 Million | ▼ -16.1 pp |
| 2001 | 16.4% | $39.48 Million | $240.84 Million | $82.61 Million | $43.13 Million | ▲ +0.0 pp |
| 2000 | 16.4% | $39.48 Million | $240.84 Million | $82.61 Million | $43.13 Million | ▼ -2.8 pp |
| 2000 | 19.2% | $35.60 Million | $185.60 Million | $68.50 Million | $32.90 Million | ▲ +0.0 pp |
| 1999 | 19.2% | $35.60 Million | $185.60 Million | $68.50 Million | $32.90 Million | ▲ +0.3 pp |
| 1999 | 18.9% | $30.26 Million | $160.29 Million | $54.69 Million | $24.43 Million | ▲ +0.0 pp |
| 1998 | 18.9% | $30.26 Million | $160.29 Million | $54.69 Million | $24.43 Million | ▼ -14.3 pp |
| 1998 | 33.2% | $50.63 Million | $152.54 Million | $78.02 Million | $27.40 Million | ▲ +0.0 pp |
| 1997 | 33.2% | $50.63 Million | $152.54 Million | $78.02 Million | $27.40 Million | ▲ +22.7 pp |
| 1997 | 10.5% | $8.76 Million | $83.51 Million | $27.40 Million | $18.64 Million | ▲ +0.0 pp |
| 1996 | 10.5% | $8.76 Million | $83.51 Million | $27.40 Million | $18.64 Million | ▼ -7.9 pp |
| 1996 | 18.4% | $14.00 Million | $76.20 Million | $29.60 Million | $15.60 Million | ▲ +0.0 pp |
| 1995 | 18.4% | $14.00 Million | $76.20 Million | $29.60 Million | $15.60 Million | ▼ -0.4 pp |
| 1995 | 18.8% | $12.10 Million | $64.30 Million | $21.00 Million | $8.90 Million | ▲ +0.0 pp |
| 1994 | 18.8% | $12.10 Million | $64.30 Million | $21.00 Million | $8.90 Million | ▼ -5.7 pp |
| 1994 | 24.6% | $7.00 Million | $28.50 Million | $12.10 Million | $5.10 Million | ▲ +0.0 pp |
| 1993 | 24.6% | $7.00 Million | $28.50 Million | $12.10 Million | $5.10 Million | ▲ +17.6 pp |
| 1993 | 6.9% | $1.60 Million | $23.10 Million | $5.80 Million | $4.20 Million | ▲ +0.0 pp |
| 1992 | 6.9% | $1.60 Million | $23.10 Million | $5.80 Million | $4.20 Million | — |