Incyte Corporation (INCY) — Working Capital to Net Assets Ratio
Incyte Corporation (INCY) has a Working Capital to Net Assets ratio of 71.9% as of March 2026. Working capital of $3.99 Billion (current assets of $5.48 Billion minus current liabilities of $1.49 Billion) is measured against net assets of $5.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Incyte Corporation to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Incyte Corporation Working Capital to Net Assets (1993–2025)
This chart shows how Incyte Corporation's Working Capital to Net Assets ratio has evolved across 33 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 71.9%, reflecting working capital of $3.99 Billion against net assets of $5.55 Billion USD. See defensive interval ratio of Incyte Corporation to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Incyte Corporation (1993–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Incyte Corporation from 1993 to 2025, covering 33 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 Incyte Corporation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 68.1% | $3.51 Billion | $5.15 Billion | $5.02 Billion | $1.52 Billion | ▲ +21.7 pp |
| 2024 | 46.3% | $1.60 Billion | $3.45 Billion | $3.24 Billion | $1.64 Billion | ▼ -19.3 pp |
| 2023 | 65.6% | $3.41 Billion | $5.19 Billion | $4.65 Billion | $1.24 Billion | ▼ -1.6 pp |
| 2022 | 67.2% | $2.94 Billion | $4.37 Billion | $4.09 Billion | $1.16 Billion | ▲ +7.1 pp |
| 2021 | 60.1% | $2.26 Billion | $3.77 Billion | $3.12 Billion | $854.31 Million | ▼ -6.1 pp |
| 2020 | 66.2% | $1.73 Billion | $2.61 Billion | $2.36 Billion | $631.20 Million | ▼ -12.2 pp |
| 2019 | 78.4% | $2.04 Billion | $2.60 Billion | $2.54 Billion | $500.46 Million | ▲ +3.6 pp |
| 2018 | 74.8% | $1.44 Billion | $1.93 Billion | $1.86 Billion | $415.36 Million | ▲ +5.5 pp |
| 2017 | 69.3% | $1.13 Billion | $1.63 Billion | $1.50 Billion | $375.40 Million | ▲ +123.0 pp |
| 2016 | -53.8% | $-225.53 Million | $419.47 Million | $993.60 Million | $1.22 Billion | ▼ -71.6 pp |
| 2015 | 17.9% | $30.56 Million | $171.16 Million | $866.85 Million | $836.28 Million | ▲ +1013.3 pp |
| 2014 | -995.4% | $478.15 Million | $-48.04 Million | $699.21 Million | $221.06 Million | ▼ -763.5 pp |
| 2013 | -231.9% | $447.76 Million | $-193.11 Million | $555.80 Million | $108.04 Million | ▼ -132.7 pp |
| 2012 | -99.1% | $173.44 Million | $-174.96 Million | $309.51 Million | $136.07 Million | ▼ -108.2 pp |
| 2011 | 9.1% | $-20.60 Million | $-227.08 Million | $277.59 Million | $298.19 Million | ▲ +394.8 pp |
| 2010 | -385.7% | $341.88 Million | $-88.64 Million | $455.45 Million | $113.57 Million | ▲ +125.4 pp |
| 2009 | -511.0% | $523.23 Million | $-102.38 Million | $656.05 Million | $132.83 Million | ▼ -440.8 pp |
| 2008 | -70.3% | $155.16 Million | $-220.75 Million | $205.49 Million | $50.34 Million | ▲ +72.5 pp |
| 2007 | -142.8% | $227.82 Million | $-159.52 Million | $264.41 Million | $36.59 Million | ▲ +185.1 pp |
| 2006 | -327.9% | $278.42 Million | $-84.91 Million | $327.76 Million | $49.34 Million | ▲ +1353.4 pp |
| 2005 | -1681.3% | $326.12 Million | $-19.40 Million | $353.98 Million | $27.86 Million | ▼ -2254.2 pp |
| 2004 | 572.9% | $449.83 Million | $78.52 Million | $481.31 Million | $31.48 Million | ▲ +398.7 pp |
| 2003 | 174.3% | $268.94 Million | $154.33 Million | $310.93 Million | $41.99 Million | ▲ +48.2 pp |
| 2002 | 126.0% | $381.08 Million | $302.41 Million | $458.77 Million | $77.69 Million | ▲ +11.3 pp |
| 2001 | 114.7% | $505.11 Million | $440.20 Million | $591.22 Million | $86.11 Million | ▲ +23.0 pp |
| 2000 | 91.8% | $571.58 Million | $622.69 Million | $647.89 Million | $76.31 Million | ▲ +57.7 pp |
| 1999 | 34.1% | $58.00 Million | $170.30 Million | $109.50 Million | $51.50 Million | ▼ -11.3 pp |
| 1998 | 45.4% | $81.50 Million | $179.60 Million | $131.40 Million | $49.90 Million | ▼ -19.5 pp |
| 1997 | 64.9% | $90.70 Million | $139.70 Million | $142.90 Million | $52.20 Million | ▲ +16.0 pp |
| 1996 | 48.9% | $22.10 Million | $45.20 Million | $43.20 Million | $21.10 Million | ▼ -33.6 pp |
| 1995 | 82.5% | $38.60 Million | $46.80 Million | $49.00 Million | $10.40 Million | ▼ -3.8 pp |
| 1994 | 86.3% | $20.70 Million | $24.00 Million | $25.30 Million | $4.60 Million | ▼ -5.1 pp |
| 1993 | 91.3% | $14.70 Million | $16.10 Million | $15.70 Million | $1.00 Million | — |