Warner Bros Discovery Inc (WBD) — Working Capital to Net Assets Ratio
Warner Bros Discovery Inc (WBD) has a Working Capital to Net Assets ratio of -13.0% as of March 2026. Working capital of $-4.37 Billion (current assets of $11.74 Billion minus current liabilities of $16.11 Billion) is measured against net assets of $33.71 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See WBD net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Warner Bros Discovery Inc Working Capital to Net Assets (2003–2025)
This chart shows how Warner Bros Discovery Inc's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of March 2026, the ratio stands at -13.0%, reflecting working capital of $-4.37 Billion against net assets of $33.71 Billion USD. Check Warner Bros Discovery Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Warner Bros Discovery Inc (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Warner Bros Discovery Inc from 2003 to 2025, covering 23 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 WBD market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1.9% | $706.00 Million | $37.17 Billion | $13.21 Billion | $12.50 Billion | ▲ +6.9 pp |
| 2024 | -5.0% | $-1.73 Billion | $34.94 Billion | $14.08 Billion | $15.81 Billion | ▼ -2.6 pp |
| 2023 | -2.4% | $-1.11 Billion | $46.47 Billion | $14.22 Billion | $15.33 Billion | ▼ -0.3 pp |
| 2022 | -2.1% | $-1.02 Billion | $48.67 Billion | $14.00 Billion | $15.02 Billion | ▼ -30.5 pp |
| 2021 | 28.4% | $3.81 Billion | $13.40 Billion | $7.26 Billion | $3.46 Billion | ▲ +3.8 pp |
| 2020 | 24.6% | $3.05 Billion | $12.38 Billion | $6.13 Billion | $3.08 Billion | ▲ +8.1 pp |
| 2019 | 16.5% | $1.98 Billion | $11.97 Billion | $5.22 Billion | $3.24 Billion | ▲ +14.3 pp |
| 2018 | 2.2% | $234.00 Million | $10.52 Billion | $4.23 Billion | $4.00 Billion | ▼ -159.4 pp |
| 2017 | 161.7% | $8.12 Billion | $5.02 Billion | $9.99 Billion | $1.87 Billion | ▲ +144.3 pp |
| 2016 | 17.4% | $941.00 Million | $5.41 Billion | $2.50 Billion | $1.56 Billion | ▼ -0.5 pp |
| 2015 | 17.9% | $1.02 Billion | $5.69 Billion | $2.60 Billion | $1.58 Billion | ▲ +19.6 pp |
| 2014 | -1.8% | $-113.00 Million | $6.35 Billion | $2.49 Billion | $2.60 Billion | ▼ -19.7 pp |
| 2013 | 17.9% | $1.12 Billion | $6.23 Billion | $2.41 Billion | $1.29 Billion | ▼ -10.4 pp |
| 2012 | 28.3% | $1.78 Billion | $6.29 Billion | $2.73 Billion | $946.00 Million | ▲ +2.5 pp |
| 2011 | 25.8% | $1.69 Billion | $6.52 Billion | $2.43 Billion | $746.00 Million | ▲ +10.6 pp |
| 2010 | 15.2% | $950.00 Million | $6.23 Billion | $1.74 Billion | $785.00 Million | ▲ +1.1 pp |
| 2009 | 14.2% | $888.00 Million | $6.27 Billion | $1.67 Billion | $783.00 Million | ▲ +13.5 pp |
| 2008 | 0.7% | $39.00 Million | $5.56 Billion | $1.11 Billion | $1.07 Billion | ▼ -4.9 pp |
| 2007 | 5.6% | $252.00 Million | $4.50 Billion | $372.00 Million | $120.00 Million | ▲ +1.3 pp |
| 2006 | 4.3% | $195.00 Million | $4.55 Billion | $317.00 Million | $122.00 Million | ▼ -2.5 pp |
| 2005 | 6.8% | $310.44 Million | $4.58 Billion | $400.39 Million | $89.94 Million | ▲ +4.7 pp |
| 2004 | 2.1% | $90.44 Million | $4.35 Billion | $198.97 Million | $108.53 Million | ▲ +0.4 pp |
| 2003 | 1.7% | $70.84 Million | $4.26 Billion | $131.44 Million | $60.59 Million | — |