Bath & Body Works Inc. (BBWI) — Working Capital to Net Assets Ratio
Bath & Body Works Inc. (BBWI) has a Working Capital to Net Assets ratio of -46.2% as of April 2026. Working capital of $522.00 Million (current assets of $1.90 Billion minus current liabilities of $1.38 Billion) is measured against net assets of $-1.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bath & Body Works Inc. financial 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
Bath & Body Works Inc. Working Capital to Net Assets (1986–2026)
This chart shows how Bath & Body Works Inc.'s Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2026. As of April 2026, the ratio stands at -46.2%, reflecting working capital of $522.00 Million against net assets of $-1.13 Billion USD. See operational self-sufficiency of Bath & Body Works Inc. to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Bath & Body Works Inc. (1986–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bath & Body Works Inc. from 1986 to 2026, covering 41 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 how much is Bath & Body Works Inc. worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -33.5% | $428.00 Million | $-1.28 Billion | $2.02 Billion | $1.59 Billion | ▲ +9.3 pp |
| 2025 | -42.8% | $592.00 Million | $-1.38 Billion | $1.82 Billion | $1.23 Billion | ▲ +8.0 pp |
| 2024 | -50.8% | $826.00 Million | $-1.63 Billion | $2.12 Billion | $1.29 Billion | ▼ -10.6 pp |
| 2023 | -40.2% | $887.00 Million | $-2.21 Billion | $2.27 Billion | $1.38 Billion | ▲ +73.1 pp |
| 2022 | -113.3% | $1.72 Billion | $-1.52 Billion | $3.01 Billion | $1.29 Billion | ▲ +303.2 pp |
| 2021 | -416.5% | $2.75 Billion | $-661.00 Million | $5.58 Billion | $2.83 Billion | ▼ -358.1 pp |
| 2020 | -58.4% | $873.00 Million | $-1.50 Billion | $3.25 Billion | $2.37 Billion | ▲ +88.9 pp |
| 2019 | -147.3% | $1.27 Billion | $-865.00 Million | $3.26 Billion | $1.99 Billion | ▲ +20.8 pp |
| 2018 | -168.0% | $1.26 Billion | $-751.00 Million | $3.29 Billion | $2.03 Billion | ▲ +31.5 pp |
| 2017 | -199.6% | $1.45 Billion | $-727.00 Million | $3.46 Billion | $2.01 Billion | ▲ +684.5 pp |
| 2016 | -884.1% | $2.28 Billion | $-258.00 Million | $4.16 Billion | $1.88 Billion | ▼ -9057.8 pp |
| 2015 | 8173.7% | $1.55 Billion | $19.00 Million | $3.23 Billion | $1.68 Billion | ▲ +8532.5 pp |
| 2014 | -358.8% | $1.32 Billion | $-369.00 Million | $3.15 Billion | $1.83 Billion | ▼ -293.0 pp |
| 2013 | -65.8% | $667.00 Million | $-1.01 Billion | $2.21 Billion | $1.54 Billion | ▼ -675.9 pp |
| 2012 | 610.1% | $842.00 Million | $138.00 Million | $2.37 Billion | $1.53 Billion | ▲ +536.5 pp |
| 2011 | 73.7% | $1.09 Billion | $1.48 Billion | $2.59 Billion | $1.50 Billion | ▼ -14.6 pp |
| 2010 | 88.3% | $1.93 Billion | $2.18 Billion | $3.25 Billion | $1.32 Billion | ▲ +2.3 pp |
| 2009 | 86.0% | $1.61 Billion | $1.88 Billion | $2.87 Billion | $1.25 Billion | ▲ +18.0 pp |
| 2008 | 67.9% | $1.54 Billion | $2.27 Billion | $2.92 Billion | $1.37 Billion | ▲ +32.8 pp |
| 2007 | 35.1% | $1.06 Billion | $3.03 Billion | $2.77 Billion | $1.71 Billion | ▼ -13.2 pp |
| 2006 | 48.3% | $1.21 Billion | $2.50 Billion | $2.78 Billion | $1.57 Billion | ▼ -3.8 pp |
| 2005 | 52.1% | $1.23 Billion | $2.37 Billion | $2.68 Billion | $1.45 Billion | ▼ -5.7 pp |
| 2004 | 57.7% | $3.04 Billion | $5.27 Billion | $4.43 Billion | $1.39 Billion | ▲ +9.5 pp |
| 2003 | 48.3% | $2.35 Billion | $4.86 Billion | $3.61 Billion | $1.26 Billion | ▲ +1.6 pp |
| 2002 | 46.7% | $1.36 Billion | $2.92 Billion | $2.68 Billion | $1.32 Billion | ▲ +3.3 pp |
| 2001 | 43.4% | $1.07 Billion | $2.46 Billion | $2.07 Billion | $1.00 Billion | ▼ -1.1 pp |
| 2000 | 44.5% | $1.01 Billion | $2.27 Billion | $2.25 Billion | $1.24 Billion | ▼ -1.2 pp |
| 1999 | 45.7% | $1.07 Billion | $2.34 Billion | $2.32 Billion | $1.25 Billion | ▲ +2.0 pp |
| 1998 | 43.7% | $937.80 Million | $2.15 Billion | $2.03 Billion | $1.09 Billion | ▲ +11.6 pp |
| 1997 | 32.1% | $638.20 Million | $1.99 Billion | $1.55 Billion | $906.90 Million | ▼ -32.1 pp |
| 1996 | 64.2% | $2.08 Billion | $3.25 Billion | $2.80 Billion | $716.60 Million | ▲ +0.8 pp |
| 1995 | 63.4% | $1.75 Billion | $2.76 Billion | $2.55 Billion | $797.60 Million | ▲ +1.4 pp |
| 1994 | 62.0% | $1.51 Billion | $2.44 Billion | $2.22 Billion | $707.40 Million | ▲ +15.1 pp |
| 1993 | 46.9% | $1.06 Billion | $2.27 Billion | $1.78 Billion | $720.80 Million | ▼ -10.9 pp |
| 1992 | 57.8% | $1.08 Billion | $1.88 Billion | $1.60 Billion | $520.10 Million | ▲ +1.1 pp |
| 1991 | 56.7% | $884.00 Million | $1.56 Billion | $1.36 Billion | $481.00 Million | ▲ +1.4 pp |
| 1990 | 55.3% | $685.50 Million | $1.24 Billion | $1.16 Billion | $478.20 Million | ▼ -4.7 pp |
| 1989 | 60.0% | $567.60 Million | $946.20 Million | $1.02 Billion | $456.00 Million | ▲ +30.6 pp |
| 1988 | 29.4% | $214.30 Million | $729.20 Million | $544.60 Million | $330.30 Million | ▲ +12.2 pp |
| 1987 | 17.2% | $134.30 Million | $781.50 Million | $469.20 Million | $334.90 Million | ▲ +1.6 pp |
| 1986 | 15.6% | $62.90 Million | $404.10 Million | $416.30 Million | $353.40 Million | — |