Palo Alto Networks Inc (PANW) — Working Capital to Net Assets Ratio
Palo Alto Networks Inc (PANW) has a Working Capital to Net Assets ratio of -4.7% as of April 2026. Working capital of $-1.29 Billion (current assets of $7.71 Billion minus current liabilities of $9.01 Billion) is measured against net assets of $27.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PANW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Palo Alto Networks Inc Working Capital to Net Assets (2010–2025)
This chart shows how Palo Alto Networks Inc's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2010 to 2025. As of April 2026, the ratio stands at -4.7%, reflecting working capital of $-1.29 Billion against net assets of $27.67 Billion USD. For the complete balance sheet picture, see PANW total asset value.
Annual Working Capital to Net Assets for Palo Alto Networks Inc (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Palo Alto Networks Inc from 2010 to 2025, covering 16 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 Palo Alto Networks Inc (PANW) liquid assets 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 | -11.3% | $-884.70 Million | $7.82 Billion | $7.10 Billion | $7.99 Billion | ▲ +4.8 pp |
| 2024 | -16.1% | $-833.00 Million | $5.17 Billion | $6.85 Billion | $7.68 Billion | ▲ +80.5 pp |
| 2023 | -96.6% | $-1.69 Billion | $1.75 Billion | $6.05 Billion | $7.74 Billion | ▲ +804.0 pp |
| 2022 | -900.7% | $-1.89 Billion | $210.00 Million | $6.41 Billion | $8.31 Billion | ▼ -839.2 pp |
| 2021 | -61.5% | $-469.40 Million | $763.60 Million | $4.65 Billion | $5.12 Billion | ▼ -282.7 pp |
| 2020 | 221.2% | $2.44 Billion | $1.10 Billion | $5.13 Billion | $2.69 Billion | ▲ +119.6 pp |
| 2019 | 101.6% | $1.61 Billion | $1.59 Billion | $3.66 Billion | $2.05 Billion | ▼ -100.0 pp |
| 2018 | 201.6% | $1.99 Billion | $988.30 Million | $4.13 Billion | $2.14 Billion | ▲ +99.6 pp |
| 2017 | 102.0% | $775.00 Million | $759.60 Million | $1.98 Billion | $1.20 Billion | ▼ -8.4 pp |
| 2016 | 110.4% | $872.30 Million | $789.90 Million | $1.72 Billion | $846.80 Million | ▲ +103.2 pp |
| 2015 | 7.3% | $41.80 Million | $575.82 Million | $1.07 Billion | $1.03 Billion | ▼ -123.0 pp |
| 2014 | 130.2% | $610.15 Million | $468.58 Million | $958.33 Million | $348.17 Million | ▲ +11.4 pp |
| 2013 | 118.8% | $323.60 Million | $272.42 Million | $529.70 Million | $206.10 Million | ▲ +5.4 pp |
| 2012 | 113.3% | $259.65 Million | $229.07 Million | $381.66 Million | $122.01 Million | ▲ +127.0 pp |
| 2011 | -13.6% | $9.74 Million | $-71.45 Million | $76.84 Million | $67.10 Million | ▼ -3.0 pp |
| 2010 | -10.7% | $7.00 Million | $-65.65 Million | $35.66 Million | $28.66 Million | — |