Chewy Inc (CHWY) — Working Capital to Net Assets Ratio
Chewy Inc (CHWY) has a Working Capital to Net Assets ratio of -53.4% as of January 2026. Working capital of $-265.80 Million (current assets of $2.04 Billion minus current liabilities of $2.30 Billion) is measured against net assets of $497.90 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Chewy Inc (CHWY) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Chewy Inc Working Capital to Net Assets (2017–2026)
This chart shows how Chewy Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2017 to 2026. As of January 2026, the ratio stands at -53.4%, reflecting working capital of $-265.80 Million against net assets of $497.90 Million USD. Check Chewy Inc (CHWY) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Chewy Inc (2017–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Chewy Inc from 2017 to 2026, covering 10 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 Chewy Inc (CHWY) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -53.4% | $-265.80 Million | $497.90 Million | $2.04 Billion | $2.30 Billion | ▲ +154.8 pp |
| 2025 | -208.2% | $-544.36 Million | $261.46 Million | $1.66 Billion | $2.21 Billion | ▼ -206.9 pp |
| 2024 | -1.3% | $-6.53 Million | $510.24 Million | $2.10 Billion | $2.11 Billion | ▲ +187.7 pp |
| 2023 | -189.0% | $-302.94 Million | $160.27 Million | $1.52 Billion | $1.83 Billion | ▲ +1991.7 pp |
| 2022 | -2180.7% | $-321.35 Million | $14.74 Million | $1.32 Billion | $1.64 Billion | ▼ -9869.5 pp |
| 2021 | 7688.8% | $-154.08 Million | $-2.00 Million | $1.23 Billion | $1.38 Billion | ▲ +7572.3 pp |
| 2020 | 116.5% | $-470.75 Million | $-403.97 Million | $629.79 Million | $1.10 Billion | ▲ +7.7 pp |
| 2019 | 108.8% | $-365.44 Million | $-335.94 Million | $448.58 Million | $814.03 Million | ▼ -27.6 pp |
| 2018 | 136.4% | $-114.14 Million | $-83.70 Million | $432.58 Million | $546.72 Million | ▲ +80.2 pp |
| 2017 | 56.1% | $38.63 Million | $68.81 Million | $279.10 Million | $240.47 Million | — |