Carvana Co Working Capital to Net Assets Ratio
Carvana Co working capital to net assets ratio. Carvana Co (CVNA) has a Working Capital to Net Assets ratio of 116.1% as of June 2026. Working capital of $5.97 Billion (current assets of $8.01 Billion minus current liabilities of $2.04 Billion) is measured against net assets of $5.14 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Carvana Co (2014–2025)
Working capital to net assets ratio of Carvana Co from 2014 to 2025. This chart shows how Carvana Co's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of June 2026, the ratio stands at 116.1%, reflecting working capital of $5.97 Billion against net assets of $5.14 Billion USD. See Carvana Co (CVNA) liquidity interval to measure how many days the company can operate on defensive assets alone.
Carvana Co Working Capital to Net Assets Ratio by Year (2014–2025)
Carvana Co working capital to net assets ratio by year from 2014 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Carvana Co from 2014 to 2025, covering 12 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 the complete balance sheet picture, see CVNA total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 119.7% | $5.03 Billion | $4.20 Billion | $6.55 Billion | $1.52 Billion | ▼ -137.1 pp |
| 2024 | 256.8% | $3.53 Billion | $1.38 Billion | $4.87 Billion | $1.34 Billion | ▲ +721.6 pp |
| 2023 | -464.8% | $1.78 Billion | $-384.00 Million | $3.32 Billion | $1.54 Billion | ▼ -274.7 pp |
| 2022 | -190.1% | $2.00 Billion | $-1.05 Billion | $4.59 Billion | $2.59 Billion | ▼ -571.5 pp |
| 2021 | 381.3% | $2.00 Billion | $525.00 Million | $4.89 Billion | $2.89 Billion | ▲ +199.8 pp |
| 2020 | 181.5% | $1.46 Billion | $801.97 Million | $1.92 Billion | $467.14 Million | ▼ -76.1 pp |
| 2019 | 257.7% | $494.55 Million | $191.94 Million | $1.36 Billion | $864.87 Million | ▲ +111.1 pp |
| 2018 | 146.6% | $333.34 Million | $227.43 Million | $662.85 Million | $329.51 Million | ▲ +80.9 pp |
| 2017 | 65.7% | $183.69 Million | $279.54 Million | $489.72 Million | $306.03 Million | ▲ +7.3 pp |
| 2016 | 58.4% | $78.82 Million | $135.01 Million | $275.24 Million | $196.42 Million | ▼ -15.9 pp |
| 2015 | 74.2% | $48.41 Million | $65.20 Million | $119.22 Million | $70.81 Million | ▲ +0.2 pp |
| 2014 | 74.0% | $15.18 Million | $20.50 Million | $34.78 Million | $19.61 Million | — |