Ulta Beauty Inc (ULTA) — Working Capital to Net Assets Ratio
Ulta Beauty Inc (ULTA) has a Working Capital to Net Assets ratio of 31.6% as of October 2025. Working capital of $832.42 Million (current assets of $3.37 Billion minus current liabilities of $2.54 Billion) is measured against net assets of $2.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Ulta Beauty Inc (ULTA) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ulta Beauty Inc Working Capital to Net Assets (2006–2025)
This chart shows how Ulta Beauty Inc's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of October 2025, the ratio stands at 31.6%, reflecting working capital of $832.42 Million against net assets of $2.63 Billion USD. See Ulta Beauty Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Ulta Beauty Inc (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ulta Beauty Inc from 2006 to 2025, covering 20 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 Ulta Beauty Inc market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 50.2% | $1.25 Billion | $2.49 Billion | $3.03 Billion | $1.78 Billion | ▼ -1.5 pp |
| 2024 | 51.7% | $1.18 Billion | $2.28 Billion | $2.84 Billion | $1.66 Billion | ▼ -0.7 pp |
| 2023 | 52.4% | $1.03 Billion | $1.96 Billion | $2.71 Billion | $1.68 Billion | ▲ +5.3 pp |
| 2022 | 47.1% | $723.17 Million | $1.54 Billion | $2.28 Billion | $1.56 Billion | ▼ -11.5 pp |
| 2021 | 58.6% | $1.17 Billion | $2.00 Billion | $2.51 Billion | $1.34 Billion | ▲ +10.3 pp |
| 2020 | 48.3% | $918.06 Million | $1.90 Billion | $2.06 Billion | $1.14 Billion | ▼ -11.7 pp |
| 2019 | 59.9% | $1.09 Billion | $1.82 Billion | $1.91 Billion | $823.74 Million | ▲ +0.7 pp |
| 2018 | 59.3% | $1.05 Billion | $1.77 Billion | $1.69 Billion | $642.17 Million | ▼ -5.7 pp |
| 2017 | 65.0% | $1.01 Billion | $1.55 Billion | $1.54 Billion | $529.34 Million | ▼ -2.9 pp |
| 2016 | 67.8% | $978.95 Million | $1.44 Billion | $1.38 Billion | $396.23 Million | ▼ -4.4 pp |
| 2015 | 72.2% | $900.76 Million | $1.25 Billion | $1.26 Billion | $359.59 Million | ▼ -1.2 pp |
| 2014 | 73.4% | $735.89 Million | $1.00 Billion | $1.00 Billion | $266.81 Million | ▲ +1.2 pp |
| 2013 | 72.2% | $568.26 Million | $786.94 Million | $789.32 Million | $221.07 Million | ▲ +1.2 pp |
| 2012 | 71.0% | $415.38 Million | $584.70 Million | $580.23 Million | $164.85 Million | ▲ +11.2 pp |
| 2011 | 59.9% | $241.03 Million | $402.53 Million | $404.39 Million | $163.36 Million | ▲ +13.3 pp |
| 2010 | 46.6% | $136.42 Million | $292.61 Million | $262.77 Million | $126.36 Million | ▼ -18.6 pp |
| 2009 | 65.2% | $159.69 Million | $244.97 Million | $276.71 Million | $117.01 Million | ▲ +9.9 pp |
| 2008 | 55.3% | $117.04 Million | $211.50 Million | $228.94 Million | $111.91 Million | ▼ -3.9 pp |
| 2007 | 59.2% | $88.11 Million | $148.76 Million | $172.05 Million | $83.94 Million | ▼ -2.9 pp |
| 2006 | 62.2% | $76.47 Million | $123.02 Million | $145.45 Million | $68.98 Million | — |