The Cheesecake Factory (CAKE) — Working Capital to Net Assets Ratio
Latest as of December 2025:
-73.8%
The Cheesecake Factory (CAKE) has a Working Capital to Net Assets ratio of -73.8% as of December 2025. Working capital of $-322.18 Million (current assets of $454.83 Million minus current liabilities of $777.01 Million) is measured against net assets of $436.43 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CAKE net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
-73.8%
Working Capital / Net Assets
Working Capital
$-322.18 Million
USD
Current Assets
$454.83 Million
USD
Current Liabilities
$777.01 Million
USD
The Cheesecake Factory Working Capital to Net Assets (1992–2025)
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 December 2025, the ratio stands at -73.8%, reflecting working capital of $-322.18 Million against net assets of $436.43 Million USD. Check The Cheesecake Factory tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for The Cheesecake Factory (1992–2025)
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 live market cap and the full company profile, see CAKE stock market capitalisation.
| 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 | — |
pp = percentage points