Coinbase Global Inc (COIN) — Working Capital to Net Assets Ratio
Coinbase Global Inc (COIN) has a Working Capital to Net Assets ratio of 29.9% as of June 2026. Working capital of $3.91 Billion (current assets of $11.13 Billion minus current liabilities of $7.22 Billion) is measured against net assets of $13.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Coinbase Global Inc fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Coinbase Global Inc Working Capital to Net Assets (2019–2025)
This chart shows how Coinbase Global Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of June 2026, the ratio stands at 29.9%, reflecting working capital of $3.91 Billion against net assets of $13.08 Billion USD. For the complete balance sheet picture, see Coinbase Global Inc assets under control.
Annual Working Capital to Net Assets for Coinbase Global Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Coinbase Global 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. Check COIN cash and liquid asset 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) |
|---|---|---|---|---|---|---|
| 2025 | 79.0% | $11.69 Billion | $14.79 Billion | $20.39 Billion | $8.70 Billion | ▼ -20.0 pp |
| 2024 | 99.0% | $10.17 Billion | $10.28 Billion | $18.11 Billion | $7.94 Billion | ▲ +5.5 pp |
| 2023 | 93.5% | $5.87 Billion | $6.28 Billion | $11.36 Billion | $5.49 Billion | ▼ -9.8 pp |
| 2022 | 103.3% | $5.63 Billion | $5.45 Billion | $86.45 Billion | $80.82 Billion | ▼ -5.7 pp |
| 2021 | 109.0% | $6.95 Billion | $6.38 Billion | $18.37 Billion | $11.42 Billion | ▲ +16.9 pp |
| 2020 | 92.1% | $887.09 Million | $963.58 Million | $5.13 Billion | $4.25 Billion | ▼ -61.5 pp |
| 2019 | 153.6% | $763.50 Million | $497.09 Million | $1.99 Billion | $1.22 Billion | — |