SLM Corp (SLM) — Working Capital to Net Assets Ratio
SLM Corp (SLM) has a Working Capital to Net Assets ratio of 264.7% as of March 2026. Working capital of $6.45 Billion (current assets of $6.95 Billion minus current liabilities of $498.89 Million) is measured against net assets of $2.44 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of SLM Corp to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SLM Corp Working Capital to Net Assets (1989–2025)
This chart shows how SLM Corp's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of March 2026, the ratio stands at 264.7%, reflecting working capital of $6.45 Billion against net assets of $2.44 Billion USD. Check tangible equity quality of SLM Corp to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for SLM Corp (1989–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for SLM Corp from 1989 to 2025, covering 37 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 cap of SLM Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -633.4% | $-15.53 Billion | $2.45 Billion | $6.03 Billion | $21.56 Billion | ▼ -47.3 pp |
| 2024 | -586.2% | $-12.66 Billion | $2.16 Billion | $8.41 Billion | $21.07 Billion | ▲ +123.4 pp |
| 2023 | -709.6% | $-13.35 Billion | $1.88 Billion | $8.31 Billion | $21.65 Billion | ▲ +799.7 pp |
| 2022 | -1509.3% | $-26.07 Billion | $1.73 Billion | $6.25 Billion | $32.32 Billion | ▼ -1403.3 pp |
| 2021 | -106.0% | $-24.70 Billion | $23.29 Billion | $8.31 Billion | $33.00 Billion | ▼ -7.7 pp |
| 2020 | -98.4% | $-25.16 Billion | $25.58 Billion | $8.23 Billion | $33.40 Billion | ▲ +421.1 pp |
| 2019 | -519.5% | $-17.21 Billion | $3.31 Billion | $7.56 Billion | $24.77 Billion | ▲ +46.4 pp |
| 2018 | -565.9% | $-16.82 Billion | $2.97 Billion | $2.56 Billion | $19.38 Billion | ▲ +77.9 pp |
| 2017 | -643.8% | $-15.93 Billion | $2.47 Billion | $101.84 Million | $16.03 Billion | ▼ -48.8 pp |
| 2016 | -595.0% | $-13.96 Billion | $2.35 Billion | $53.72 Million | $14.02 Billion | ▼ -170.4 pp |
| 2015 | -424.6% | $-8.90 Billion | $2.10 Billion | $3.36 Billion | $12.26 Billion | ▼ -9.6 pp |
| 2014 | -415.0% | $-7.59 Billion | $1.83 Billion | $3.24 Billion | $10.83 Billion | ▼ -173.8 pp |
| 2013 | -241.2% | $-13.61 Billion | $5.64 Billion | $3.65 Billion | $17.26 Billion | ▲ +129.7 pp |
| 2012 | -370.9% | $-18.79 Billion | $5.07 Billion | $5.01 Billion | $23.80 Billion | ▲ +195.4 pp |
| 2011 | -566.3% | $-29.73 Billion | $5.25 Billion | $8.17 Billion | $37.90 Billion | ▲ +29.8 pp |
| 2010 | -596.1% | $-29.88 Billion | $5.01 Billion | $9.37 Billion | $39.24 Billion | ▼ -29.5 pp |
| 2009 | -566.5% | $-29.91 Billion | $5.28 Billion | $14.58 Billion | $44.49 Billion | ▲ +9.7 pp |
| 2008 | -576.2% | $-28.85 Billion | $5.01 Billion | $14.19 Billion | $43.04 Billion | ▼ -201.1 pp |
| 2007 | -375.1% | $-19.64 Billion | $5.23 Billion | $16.57 Billion | $36.20 Billion | ▼ -487.2 pp |
| 2006 | 112.1% | $4.90 Billion | $4.37 Billion | $8.43 Billion | $3.53 Billion | ▲ +28.2 pp |
| 2005 | 83.9% | $3.19 Billion | $3.80 Billion | $7.00 Billion | $3.81 Billion | ▼ -26.5 pp |
| 2004 | 110.4% | $3.50 Billion | $3.17 Billion | $5.71 Billion | $2.21 Billion | ▲ +760.0 pp |
| 2003 | -649.5% | $-17.08 Billion | $2.63 Billion | $1.65 Billion | $18.74 Billion | ▲ +594.8 pp |
| 2002 | -1244.3% | $-24.86 Billion | $2.00 Billion | $758.30 Million | $25.62 Billion | ▲ +740.8 pp |
| 2001 | -1985.2% | $-33.20 Billion | $1.67 Billion | $715.00 Million | $33.92 Billion | ▼ -37.6 pp |
| 2000 | -1947.6% | $-31.73 Billion | $1.63 Billion | $734.47 Million | $32.47 Billion | ▲ +1664.3 pp |
| 1999 | -3611.9% | $-38.10 Billion | $1.05 Billion | $589.80 Million | $38.69 Billion | ▼ -668.8 pp |
| 1998 | -2943.1% | $-25.53 Billion | $867.50 Million | $2.21 Billion | $27.75 Billion | ▼ -567.5 pp |
| 1997 | -2375.6% | $-21.11 Billion | $888.50 Million | $2.07 Billion | $23.18 Billion | ▼ -295.2 pp |
| 1996 | -2080.3% | $-21.80 Billion | $1.05 Billion | $2.18 Billion | $23.98 Billion | ▼ -603.9 pp |
| 1995 | -1476.5% | $-15.96 Billion | $1.08 Billion | $2.87 Billion | $18.84 Billion | ▼ -552.4 pp |
| 1994 | -924.1% | $-13.60 Billion | $1.47 Billion | $3.57 Billion | $17.17 Billion | ▲ +25.0 pp |
| 1993 | -949.1% | $-12.15 Billion | $1.28 Billion | $2.15 Billion | $14.30 Billion | ▼ -391.7 pp |
| 1992 | -557.3% | $-6.80 Billion | $1.22 Billion | $7.88 Billion | $14.68 Billion | ▼ -49.8 pp |
| 1991 | -507.5% | $-5.84 Billion | $1.15 Billion | $7.18 Billion | $13.02 Billion | ▲ +192.6 pp |
| 1990 | -700.1% | $-7.65 Billion | $1.09 Billion | $8.13 Billion | $15.79 Billion | ▲ +22.0 pp |
| 1989 | -722.1% | $-7.49 Billion | $1.04 Billion | $8.34 Billion | $15.83 Billion | — |