ON Semiconductor Corporation (ON) — Working Capital to Net Assets Ratio
ON Semiconductor Corporation (ON) has a Working Capital to Net Assets ratio of 62.7% as of March 2026. Working capital of $4.59 Billion (current assets of $5.78 Billion minus current liabilities of $1.19 Billion) is measured against net assets of $7.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ON free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ON Semiconductor Corporation Working Capital to Net Assets (1999–2025)
This chart shows how ON Semiconductor Corporation's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1999 to 2025. As of March 2026, the ratio stands at 62.7%, reflecting working capital of $4.59 Billion against net assets of $7.32 Billion USD. See ON defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for ON Semiconductor Corporation (1999–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ON Semiconductor Corporation from 1999 to 2025, covering 27 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 ON Semiconductor Corporation market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 59.0% | $4.54 Billion | $7.69 Billion | $5.82 Billion | $1.29 Billion | ▼ -2.5 pp |
| 2024 | 61.5% | $5.42 Billion | $8.81 Billion | $6.75 Billion | $1.33 Billion | ▲ +13.7 pp |
| 2023 | 47.8% | $3.73 Billion | $7.80 Billion | $5.91 Billion | $2.18 Billion | ▼ -11.3 pp |
| 2022 | 59.1% | $3.67 Billion | $6.21 Billion | $5.73 Billion | $2.06 Billion | ▲ +10.5 pp |
| 2021 | 48.6% | $2.24 Billion | $4.60 Billion | $3.78 Billion | $1.54 Billion | ▲ +6.4 pp |
| 2020 | 42.2% | $1.50 Billion | $3.56 Billion | $3.18 Billion | $1.68 Billion | ▲ +6.1 pp |
| 2019 | 36.1% | $1.20 Billion | $3.32 Billion | $3.02 Billion | $1.82 Billion | ▼ -17.0 pp |
| 2018 | 53.2% | $1.70 Billion | $3.19 Billion | $3.17 Billion | $1.47 Billion | ▼ -1.2 pp |
| 2017 | 54.4% | $1.52 Billion | $2.80 Billion | $2.93 Billion | $1.41 Billion | ▼ -19.6 pp |
| 2016 | 74.1% | $1.37 Billion | $1.84 Billion | $2.87 Billion | $1.50 Billion | ▲ +34.1 pp |
| 2015 | 40.0% | $652.20 Million | $1.63 Billion | $1.89 Billion | $1.24 Billion | ▼ -6.3 pp |
| 2014 | 46.3% | $764.90 Million | $1.65 Billion | $1.81 Billion | $1.04 Billion | ▼ -13.1 pp |
| 2013 | 59.4% | $891.00 Million | $1.50 Billion | $1.71 Billion | $819.20 Million | ▲ +11.3 pp |
| 2012 | 48.1% | $669.10 Million | $1.39 Billion | $1.69 Billion | $1.02 Billion | ▼ -8.9 pp |
| 2011 | 57.1% | $852.20 Million | $1.49 Billion | $2.13 Billion | $1.28 Billion | ▲ +10.4 pp |
| 2010 | 46.6% | $647.10 Million | $1.39 Billion | $1.36 Billion | $710.90 Million | ▼ -8.1 pp |
| 2009 | 54.7% | $549.60 Million | $1.00 Billion | $1.17 Billion | $619.00 Million | ▼ -18.4 pp |
| 2008 | 73.1% | $499.10 Million | $683.10 Million | $1.05 Billion | $546.10 Million | ▼ -870.0 pp |
| 2007 | 943.0% | $324.40 Million | $34.40 Million | $745.30 Million | $420.90 Million | ▲ +1073.9 pp |
| 2006 | -130.9% | $267.80 Million | $-204.60 Million | $700.80 Million | $433.00 Million | ▼ -57.6 pp |
| 2005 | -73.3% | $202.00 Million | $-275.50 Million | $600.30 Million | $398.30 Million | ▼ -32.0 pp |
| 2004 | -41.4% | $211.90 Million | $-512.40 Million | $537.00 Million | $325.10 Million | ▼ -7.0 pp |
| 2003 | -34.4% | $212.50 Million | $-618.20 Million | $522.70 Million | $310.20 Million | ▼ -4.7 pp |
| 2002 | -29.6% | $195.00 Million | $-658.00 Million | $507.00 Million | $312.00 Million | ▲ +22.8 pp |
| 2001 | -52.4% | $215.90 Million | $-411.70 Million | $550.80 Million | $334.90 Million | ▼ -166.7 pp |
| 2000 | 114.2% | $393.40 Million | $344.40 Million | $798.50 Million | $405.10 Million | ▲ +1835.3 pp |
| 1999 | -1721.1% | $309.80 Million | $-18.00 Million | $637.10 Million | $327.30 Million | — |