PepsiCo Inc Working Capital to Net Assets Ratio
PepsiCo Inc working capital to net assets ratio. PepsiCo Inc (PEP) has a Working Capital to Net Assets ratio of -10.5% as of June 2026. Working capital of $-2.33 Billion (current assets of $32.77 Billion minus current liabilities of $35.11 Billion) is measured against net assets of $22.27 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check how tangible is PepsiCo Inc's equity to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of PepsiCo Inc (1985–2025)
Working capital to net assets ratio of PepsiCo Inc from 1985 to 2025. This chart shows how PepsiCo Inc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at -10.5%, reflecting working capital of $-2.33 Billion against net assets of $22.27 Billion USD. See operational self-sufficiency of PepsiCo Inc to measure how many days the company can operate on defensive assets alone.
PepsiCo Inc Working Capital to Net Assets Ratio by Year (1985–2025)
PepsiCo Inc working capital to net assets ratio by year from 1985 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for PepsiCo Inc from 1985 to 2025, covering 41 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 the complete balance sheet picture, see PEP current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -23.4% | $-4.82 Billion | $20.55 Billion | $27.95 Billion | $32.76 Billion | ▲ +8.0 pp |
| 2024 | -31.4% | $-5.71 Billion | $18.17 Billion | $25.83 Billion | $31.54 Billion | ▼ -6.2 pp |
| 2023 | -25.2% | $-4.70 Billion | $18.64 Billion | $26.95 Billion | $31.65 Billion | ▲ +5.2 pp |
| 2022 | -30.4% | $-5.25 Billion | $17.27 Billion | $21.54 Billion | $26.79 Billion | ▼ -2.9 pp |
| 2021 | -27.5% | $-4.44 Billion | $16.15 Billion | $21.78 Billion | $26.22 Billion | ▼ -24.7 pp |
| 2020 | -2.7% | $-371.00 Million | $13.55 Billion | $23.00 Billion | $23.37 Billion | ▲ +16.2 pp |
| 2019 | -18.9% | $-2.82 Billion | $14.87 Billion | $17.64 Billion | $20.46 Billion | ▼ -17.3 pp |
| 2018 | -1.7% | $-245.00 Million | $14.60 Billion | $21.89 Billion | $22.14 Billion | ▼ -97.5 pp |
| 2017 | 95.8% | $10.53 Billion | $10.98 Billion | $31.03 Billion | $20.50 Billion | ▲ +48.4 pp |
| 2016 | 47.5% | $5.32 Billion | $11.20 Billion | $26.45 Billion | $21.14 Billion | ▲ +2.1 pp |
| 2015 | 45.3% | $5.45 Billion | $12.03 Billion | $23.03 Billion | $17.58 Billion | ▲ +30.7 pp |
| 2014 | 14.7% | $2.57 Billion | $17.55 Billion | $20.66 Billion | $18.09 Billion | ▼ -3.2 pp |
| 2013 | 17.9% | $4.36 Billion | $24.39 Billion | $22.20 Billion | $17.84 Billion | ▲ +10.6 pp |
| 2012 | 7.3% | $1.63 Billion | $22.40 Billion | $18.72 Billion | $17.09 Billion | ▲ +10.7 pp |
| 2011 | -3.4% | $-713.00 Million | $20.90 Billion | $17.44 Billion | $18.15 Billion | ▼ -11.2 pp |
| 2010 | 7.8% | $1.68 Billion | $21.48 Billion | $17.57 Billion | $15.89 Billion | ▼ -14.1 pp |
| 2009 | 21.9% | $3.81 Billion | $17.44 Billion | $12.57 Billion | $8.76 Billion | ▲ +5.8 pp |
| 2008 | 16.0% | $2.02 Billion | $12.58 Billion | $10.81 Billion | $8.79 Billion | ▲ +2.1 pp |
| 2007 | 13.9% | $2.40 Billion | $17.23 Billion | $10.15 Billion | $7.75 Billion | ▼ -0.8 pp |
| 2006 | 14.7% | $2.27 Billion | $15.45 Billion | $9.13 Billion | $6.86 Billion | ▲ +7.4 pp |
| 2005 | 7.3% | $1.05 Billion | $14.32 Billion | $10.45 Billion | $9.41 Billion | ▼ -6.6 pp |
| 2004 | 13.9% | $1.89 Billion | $13.57 Billion | $8.64 Billion | $6.75 Billion | ▲ +9.6 pp |
| 2003 | 4.3% | $515.00 Million | $11.90 Billion | $6.93 Billion | $6.42 Billion | ▲ +0.4 pp |
| 2002 | 3.9% | $361.00 Million | $9.30 Billion | $6.41 Billion | $6.05 Billion | ▼ -6.0 pp |
| 2001 | 9.9% | $855.00 Million | $8.65 Billion | $5.85 Billion | $5.00 Billion | ▼ -0.9 pp |
| 2000 | 10.8% | $822.00 Million | $7.60 Billion | $5.62 Billion | $4.79 Billion | ▲ +5.2 pp |
| 1999 | 5.6% | $385.00 Million | $6.88 Billion | $4.17 Billion | $3.79 Billion | ▲ +61.1 pp |
| 1998 | -55.5% | $-3.55 Billion | $6.40 Billion | $4.36 Billion | $7.91 Billion | ▼ -84.2 pp |
| 1997 | 28.7% | $1.99 Billion | $6.94 Billion | $6.25 Billion | $4.26 Billion | ▲ +26.3 pp |
| 1996 | 2.4% | $159.00 Million | $6.62 Billion | $3.95 Billion | $3.79 Billion | ▼ -1.9 pp |
| 1995 | 4.3% | $316.00 Million | $7.31 Billion | $5.55 Billion | $5.23 Billion | ▲ +7.2 pp |
| 1994 | -2.9% | $-198.20 Million | $6.86 Billion | $5.07 Billion | $5.27 Billion | ▲ +19.4 pp |
| 1993 | -22.3% | $-1.41 Billion | $6.34 Billion | $5.16 Billion | $6.57 Billion | ▼ -31.9 pp |
| 1992 | 9.7% | $517.90 Million | $5.36 Billion | $4.84 Billion | $4.32 Billion | ▼ -5.5 pp |
| 1991 | 15.2% | $844.00 Million | $5.55 Billion | $4.57 Billion | $3.72 Billion | ▲ +29.3 pp |
| 1990 | -14.1% | $-689.10 Million | $4.90 Billion | $4.08 Billion | $4.77 Billion | ▼ -10.4 pp |
| 1989 | -3.6% | $-141.00 Million | $3.89 Billion | $3.55 Billion | $3.69 Billion | ▲ +15.6 pp |
| 1988 | -19.3% | $-608.90 Million | $3.16 Billion | $3.26 Billion | $3.87 Billion | ▼ -27.9 pp |
| 1987 | 8.6% | $216.80 Million | $2.51 Billion | $2.94 Billion | $2.72 Billion | ▼ -5.0 pp |
| 1986 | 13.6% | $280.70 Million | $2.06 Billion | $2.50 Billion | $2.22 Billion | ▼ -38.5 pp |
| 1985 | 52.2% | $958.80 Million | $1.84 Billion | $2.79 Billion | $1.84 Billion | — |