Microsoft Corporation (MSFT) — Working Capital to Net Assets Ratio
Microsoft Corporation (MSFT) has a Working Capital to Net Assets ratio of 9.3% as of March 2026. Working capital of $38.67 Billion (current assets of $175.33 Billion minus current liabilities of $136.66 Billion) is measured against net assets of $414.37 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Microsoft Corporation's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Microsoft Corporation Working Capital to Net Assets (1986–2025)
This chart shows how Microsoft Corporation's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of March 2026, the ratio stands at 9.3%, reflecting working capital of $38.67 Billion against net assets of $414.37 Billion USD. Check tangible net worth ratio of Microsoft Corporation to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Microsoft Corporation (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Microsoft Corporation from 1986 to 2025, covering 40 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 Microsoft Corporation market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 14.5% | $49.91 Billion | $343.48 Billion | $191.13 Billion | $141.22 Billion | ▲ +1.7 pp |
| 2024 | 12.8% | $34.45 Billion | $268.48 Billion | $159.73 Billion | $125.29 Billion | ▼ -26.0 pp |
| 2023 | 38.8% | $80.11 Billion | $206.22 Billion | $184.26 Billion | $104.15 Billion | ▼ -5.9 pp |
| 2022 | 44.8% | $74.60 Billion | $166.54 Billion | $169.68 Billion | $95.08 Billion | ▼ -22.6 pp |
| 2021 | 67.4% | $95.75 Billion | $141.99 Billion | $184.41 Billion | $88.66 Billion | ▼ -25.2 pp |
| 2020 | 92.6% | $109.61 Billion | $118.30 Billion | $181.91 Billion | $72.31 Billion | ▼ -11.1 pp |
| 2019 | 103.7% | $106.13 Billion | $102.33 Billion | $175.55 Billion | $69.42 Billion | ▼ -30.7 pp |
| 2018 | 134.4% | $111.17 Billion | $82.72 Billion | $169.66 Billion | $58.49 Billion | ▲ +2.7 pp |
| 2017 | 131.7% | $95.32 Billion | $72.39 Billion | $159.85 Billion | $64.53 Billion | ▲ +20.1 pp |
| 2016 | 111.5% | $80.30 Billion | $72.00 Billion | $139.66 Billion | $59.36 Billion | ▲ +20.2 pp |
| 2015 | 91.3% | $73.15 Billion | $80.08 Billion | $122.80 Billion | $49.65 Billion | ▲ +14.9 pp |
| 2014 | 76.4% | $68.62 Billion | $89.78 Billion | $114.25 Billion | $45.62 Billion | ▼ -4.7 pp |
| 2013 | 81.1% | $64.05 Billion | $78.94 Billion | $101.47 Billion | $37.42 Billion | ▲ +2.2 pp |
| 2012 | 79.0% | $52.40 Billion | $66.36 Billion | $85.08 Billion | $32.69 Billion | ▼ -1.9 pp |
| 2011 | 80.8% | $46.14 Billion | $57.08 Billion | $74.92 Billion | $28.77 Billion | ▲ +16.9 pp |
| 2010 | 64.0% | $29.53 Billion | $46.17 Billion | $55.68 Billion | $26.15 Billion | ▲ +7.7 pp |
| 2009 | 56.2% | $22.25 Billion | $39.56 Billion | $49.28 Billion | $27.03 Billion | ▲ +19.4 pp |
| 2008 | 36.8% | $13.36 Billion | $36.29 Billion | $43.24 Billion | $29.89 Billion | ▼ -16.0 pp |
| 2007 | 52.8% | $16.41 Billion | $31.10 Billion | $40.17 Billion | $23.75 Billion | ▼ -13.5 pp |
| 2006 | 66.2% | $26.57 Billion | $40.10 Billion | $49.01 Billion | $22.44 Billion | ▲ +0.0 pp |
| 2005 | 66.2% | $31.86 Billion | $48.12 Billion | $48.74 Billion | $16.88 Billion | ▼ -8.1 pp |
| 2004 | 74.3% | $55.60 Billion | $74.83 Billion | $70.57 Billion | $14.97 Billion | ▲ +5.0 pp |
| 2003 | 69.3% | $45.00 Billion | $64.91 Billion | $58.97 Billion | $13.97 Billion | ▲ +0.7 pp |
| 2002 | 68.7% | $35.83 Billion | $52.18 Billion | $48.58 Billion | $12.74 Billion | ▲ +5.3 pp |
| 2001 | 63.3% | $29.96 Billion | $47.29 Billion | $39.21 Billion | $9.25 Billion | ▲ +13.7 pp |
| 2000 | 49.7% | $20.55 Billion | $41.37 Billion | $30.31 Billion | $9.76 Billion | ▲ +4.3 pp |
| 1999 | 45.4% | $12.90 Billion | $28.44 Billion | $21.70 Billion | $8.80 Billion | ▼ -15.7 pp |
| 1998 | 61.1% | $10.16 Billion | $16.63 Billion | $15.89 Billion | $5.73 Billion | ▼ -1.7 pp |
| 1997 | 62.8% | $6.76 Billion | $10.78 Billion | $10.37 Billion | $3.61 Billion | ▼ -14.2 pp |
| 1996 | 77.0% | $5.41 Billion | $7.03 Billion | $7.84 Billion | $2.42 Billion | ▼ -1.3 pp |
| 1995 | 78.3% | $4.27 Billion | $5.46 Billion | $5.62 Billion | $1.35 Billion | ▲ +1.9 pp |
| 1994 | 76.4% | $3.40 Billion | $4.45 Billion | $4.31 Billion | $913.00 Million | ▲ +5.8 pp |
| 1993 | 70.5% | $2.29 Billion | $3.24 Billion | $2.85 Billion | $563.00 Million | ▲ +10.2 pp |
| 1992 | 60.3% | $1.32 Billion | $2.19 Billion | $1.77 Billion | $446.90 Million | ▲ +5.9 pp |
| 1991 | 54.4% | $735.10 Million | $1.35 Billion | $1.03 Billion | $293.40 Million | ▼ -3.6 pp |
| 1990 | 58.0% | $533.10 Million | $918.60 Million | $719.90 Million | $186.80 Million | ▲ +2.8 pp |
| 1989 | 55.2% | $310.10 Million | $561.80 Million | $468.90 Million | $158.80 Million | ▼ -5.4 pp |
| 1988 | 60.6% | $227.70 Million | $375.50 Million | $345.30 Million | $117.60 Million | ▼ -9.0 pp |
| 1987 | 69.6% | $166.40 Million | $239.10 Million | $213.00 Million | $46.60 Million | ▼ -15.5 pp |
| 1986 | 85.1% | $118.50 Million | $139.30 Million | $148.00 Million | $29.50 Million | — |