PepsiCo Inc (PEP) — 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. See PepsiCo Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
PepsiCo Inc Working Capital to Net Assets (1985–2025)
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. For the complete balance sheet picture, see PEP total asset value.
Annual Working Capital to Net Assets for PepsiCo Inc (1985–2025)
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. Check PepsiCo Inc asset resilience 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 | -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 | — |