National Vision Holdings Inc (EYE) — Working Capital to Net Assets Ratio
National Vision Holdings Inc (EYE) has a Working Capital to Net Assets ratio of -21.5% as of December 2025. Working capital of $-186.69 Million (current assets of $225.72 Million minus current liabilities of $412.41 Million) is measured against net assets of $869.53 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See National Vision Holdings Inc balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
National Vision Holdings Inc Working Capital to Net Assets (2015–2025)
This chart shows how National Vision Holdings Inc's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at -21.5%, reflecting working capital of $-186.69 Million against net assets of $869.53 Million USD. Check National Vision Holdings Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for National Vision Holdings Inc (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Vision Holdings Inc from 2015 to 2025, covering 11 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 National Vision Holdings Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -21.5% | $-186.69 Million | $869.53 Million | $225.72 Million | $412.41 Million | ▲ +5.3 pp |
| 2024 | -26.8% | $-218.45 Million | $816.33 Million | $249.83 Million | $468.27 Million | ▼ -26.6 pp |
| 2023 | -0.1% | $-1.03 Million | $829.42 Million | $396.67 Million | $397.70 Million | ▼ -14.5 pp |
| 2022 | 14.4% | $129.57 Million | $901.11 Million | $473.84 Million | $344.26 Million | ▼ -4.1 pp |
| 2021 | 18.4% | $170.77 Million | $925.98 Million | $514.58 Million | $343.80 Million | ▼ -7.8 pp |
| 2020 | 26.3% | $237.97 Million | $906.50 Million | $566.65 Million | $328.68 Million | ▲ +31.2 pp |
| 2019 | -5.0% | $-38.54 Million | $776.44 Million | $234.64 Million | $273.18 Million | ▼ -5.4 pp |
| 2018 | 0.4% | $3.05 Million | $743.15 Million | $214.70 Million | $211.65 Million | ▲ +7.8 pp |
| 2017 | -7.4% | $-48.83 Million | $659.59 Million | $162.48 Million | $211.31 Million | ▲ +5.6 pp |
| 2016 | -13.0% | $-52.42 Million | $401.89 Million | $147.26 Million | $199.68 Million | ▼ -2.6 pp |
| 2015 | -10.5% | $-40.52 Million | $386.23 Million | $127.80 Million | $168.32 Million | — |