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 SLM Corp (SLM) 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
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. See SLM Corp (SLM) defensive interval to measure how many days the company can operate on defensive assets alone.
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 SLM market cap overview.
| 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 | — |