CDW Corp (CDW) — Working Capital to Net Assets Ratio
CDW Corp (CDW) has a Working Capital to Net Assets ratio of 49.6% as of March 2026. Working capital of $1.27 Billion (current assets of $8.97 Billion minus current liabilities of $7.70 Billion) is measured against net assets of $2.56 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See CDW net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CDW Corp Working Capital to Net Assets (1993–2025)
This chart shows how CDW Corp's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 49.6%, reflecting working capital of $1.27 Billion against net assets of $2.56 Billion USD. Check CDW intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for CDW Corp (1993–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for CDW Corp from 1993 to 2025, covering 31 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 market cap of CDW Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.9% | $1.27 Billion | $2.61 Billion | $8.50 Billion | $7.23 Billion | ▼ -31.8 pp |
| 2024 | 80.7% | $1.90 Billion | $2.35 Billion | $7.37 Billion | $5.47 Billion | ▲ +18.9 pp |
| 2023 | 61.8% | $1.26 Billion | $2.04 Billion | $6.71 Billion | $5.44 Billion | ▼ -39.0 pp |
| 2022 | 100.8% | $1.62 Billion | $1.60 Billion | $6.56 Billion | $4.95 Billion | ▼ -95.0 pp |
| 2021 | 195.8% | $1.38 Billion | $705.70 Million | $6.48 Billion | $5.10 Billion | ▲ +37.4 pp |
| 2020 | 158.4% | $2.06 Billion | $1.30 Billion | $5.95 Billion | $3.90 Billion | ▲ +70.7 pp |
| 2019 | 87.8% | $842.70 Million | $960.30 Million | $4.33 Billion | $3.49 Billion | ▼ -14.1 pp |
| 2018 | 101.9% | $993.70 Million | $975.20 Million | $3.80 Billion | $2.80 Billion | ▲ +13.2 pp |
| 2017 | 88.7% | $874.20 Million | $985.60 Million | $3.40 Billion | $2.52 Billion | ▼ -2.9 pp |
| 2016 | 91.6% | $957.40 Million | $1.05 Billion | $3.24 Billion | $2.28 Billion | ▲ +9.1 pp |
| 2015 | 82.4% | $903.50 Million | $1.10 Billion | $2.79 Billion | $1.89 Billion | ▼ -22.8 pp |
| 2014 | 105.2% | $985.40 Million | $936.50 Million | $2.45 Billion | $1.47 Billion | ▼ -8.7 pp |
| 2013 | 113.9% | $810.90 Million | $711.70 Million | $2.21 Billion | $1.40 Billion | ▼ -374.3 pp |
| 2012 | 488.3% | $666.50 Million | $136.50 Million | $1.83 Billion | $1.17 Billion | ▲ +7859.5 pp |
| 2011 | -7371.2% | $538.10 Million | $-7.30 Million | $1.90 Billion | $1.36 Billion | ▼ -5818.6 pp |
| 2010 | -1552.6% | $675.40 Million | $-43.50 Million | $1.70 Billion | $1.03 Billion | ▲ +512.9 pp |
| 2009 | -2065.5% | $923.30 Million | $-44.70 Million | $1.56 Billion | $634.50 Million | ▼ -2139.1 pp |
| 2006 | 73.5% | $1.02 Billion | $1.39 Billion | $1.55 Billion | $529.38 Million | ▼ -16.1 pp |
| 2005 | 89.6% | $1.13 Billion | $1.26 Billion | $1.50 Billion | $367.76 Million | ▲ +5.4 pp |
| 2004 | 84.2% | $1.05 Billion | $1.24 Billion | $1.32 Billion | $270.86 Million | ▲ +6.9 pp |
| 2003 | 77.3% | $821.72 Million | $1.06 Billion | $1.07 Billion | $248.46 Million | ▼ -14.4 pp |
| 2002 | 91.7% | $846.94 Million | $924.07 Million | $1.02 Billion | $171.59 Million | ▲ +2.3 pp |
| 2001 | 89.4% | $695.79 Million | $778.66 Million | $854.16 Million | $158.37 Million | ▲ +1.1 pp |
| 2000 | 88.3% | $561.70 Million | $636.25 Million | $673.88 Million | $112.19 Million | ▲ +1.3 pp |
| 1999 | 87.0% | $340.12 Million | $390.98 Million | $455.05 Million | $114.93 Million | ▲ +2.5 pp |
| 1998 | 84.5% | $228.73 Million | $270.76 Million | $299.79 Million | $71.06 Million | ▲ +0.7 pp |
| 1997 | 83.7% | $167.40 Million | $199.90 Million | $237.20 Million | $69.80 Million | ▼ -3.5 pp |
| 1996 | 87.3% | $123.61 Million | $141.62 Million | $180.82 Million | $57.21 Million | ▼ -6.1 pp |
| 1995 | 93.4% | $99.20 Million | $106.20 Million | $126.90 Million | $27.70 Million | ▲ +5.2 pp |
| 1994 | 88.2% | $49.20 Million | $55.80 Million | $71.40 Million | $22.20 Million | ▲ +13.3 pp |
| 1993 | 74.9% | $16.40 Million | $21.90 Million | $28.90 Million | $12.50 Million | — |