Principal Financial Group Inc (PFG) — Working Capital to Net Assets Ratio
Principal Financial Group Inc (PFG) has a Working Capital to Net Assets ratio of -108.6% as of March 2026. Working capital of $-13.46 Billion (current assets of $4.05 Billion minus current liabilities of $17.52 Billion) is measured against net assets of $12.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Principal Financial Group Inc (PFG) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Principal Financial Group Inc Working Capital to Net Assets (2000–2025)
This chart shows how Principal Financial Group Inc's Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at -108.6%, reflecting working capital of $-13.46 Billion against net assets of $12.39 Billion USD. See PFG days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Principal Financial Group Inc (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Principal Financial Group Inc from 2000 to 2025, covering 26 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 market value of Principal Financial Group Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 318.1% | $39.42 Billion | $12.39 Billion | $57.26 Billion | $17.84 Billion | ▼ -516.5 pp |
| 2024 | 834.6% | $95.72 Billion | $11.47 Billion | $97.58 Billion | $1.86 Billion | ▼ -12.3 pp |
| 2023 | 846.9% | $94.94 Billion | $11.21 Billion | $96.61 Billion | $1.67 Billion | ▲ +940.1 pp |
| 2022 | -93.3% | $-9.61 Billion | $10.30 Billion | $10.92 Billion | $20.54 Billion | ▼ -585.7 pp |
| 2021 | 492.4% | $81.05 Billion | $16.46 Billion | $83.45 Billion | $2.40 Billion | ▼ -0.7 pp |
| 2020 | 493.1% | $83.20 Billion | $16.87 Billion | $83.28 Billion | $84.70 Million | ▼ -3.7 pp |
| 2019 | 496.8% | $74.27 Billion | $14.95 Billion | $74.36 Billion | $93.40 Million | ▼ -47.3 pp |
| 2018 | 544.1% | $64.46 Billion | $11.85 Billion | $64.50 Billion | $42.90 Million | ▲ +524.8 pp |
| 2017 | 19.3% | $2.51 Billion | $13.02 Billion | $2.57 Billion | $56.20 Million | ▼ -7.2 pp |
| 2016 | 26.5% | $2.75 Billion | $10.39 Billion | $2.82 Billion | $64.30 Million | ▲ +0.4 pp |
| 2015 | 26.1% | $2.47 Billion | $9.46 Billion | $2.67 Billion | $199.50 Million | ▲ +7.2 pp |
| 2014 | 18.9% | $1.95 Billion | $10.29 Billion | $1.99 Billion | $39.50 Million | ▼ -4.3 pp |
| 2013 | 23.2% | $2.33 Billion | $10.02 Billion | $2.48 Billion | $155.80 Million | ▼ -20.1 pp |
| 2012 | 43.3% | $4.26 Billion | $9.83 Billion | $4.31 Billion | $56.10 Million | ▲ +15.3 pp |
| 2011 | 28.0% | $2.80 Billion | $10.01 Billion | $2.91 Billion | $108.30 Million | ▲ +8.4 pp |
| 2010 | 19.6% | $1.93 Billion | $9.88 Billion | $2.05 Billion | $114.10 Million | ▼ -9.8 pp |
| 2009 | 29.3% | $2.35 Billion | $8.02 Billion | $2.45 Billion | $104.40 Million | ▼ -65.6 pp |
| 2008 | 94.9% | $2.35 Billion | $2.47 Billion | $2.85 Billion | $502.80 Million | ▲ +77.1 pp |
| 2007 | 17.9% | $1.33 Billion | $7.42 Billion | $1.66 Billion | $332.40 Million | ▼ -9.7 pp |
| 2006 | 27.6% | $2.17 Billion | $7.86 Billion | $2.26 Billion | $88.30 Million | ▲ +3.4 pp |
| 2005 | 24.2% | $1.89 Billion | $7.81 Billion | $2.37 Billion | $476.40 Million | ▲ +15.5 pp |
| 2004 | 8.7% | $655.50 Million | $7.54 Billion | $1.22 Billion | $559.60 Million | ▼ -21.8 pp |
| 2003 | 30.5% | $2.26 Billion | $7.40 Billion | $3.88 Billion | $1.62 Billion | ▼ -1.5 pp |
| 2002 | 32.0% | $2.13 Billion | $6.66 Billion | $2.70 Billion | $564.80 Million | ▼ -62.5 pp |
| 2001 | 94.6% | $6.45 Billion | $6.82 Billion | $86.60 Billion | $80.15 Billion | ▼ -1.3 pp |
| 2000 | 95.9% | $6.00 Billion | $6.25 Billion | $82.81 Billion | $76.81 Billion | — |