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 3.8% as of January 2026. Working capital of $360.00 Million (current assets of $8.37 Billion minus current liabilities of $8.01 Billion) is measured against net assets of $9.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Palo Alto Networks Inc (PANW) flexibility index to measure the company's free cash flow as a share of total liabilities.
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 January 2026, the ratio stands at 3.8%, reflecting working capital of $360.00 Million against net assets of $9.39 Billion USD. See PANW defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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. For live market cap and the full company profile, see how much is Palo Alto Networks Inc worth.
| 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 | — |