CVS Health Corp Working Capital to Net Assets Ratio
CVS Health Corp working capital to net assets ratio. CVS Health Corp (CVS) has a Working Capital to Net Assets ratio of -18.5% as of December 2025. Working capital of $-13.98 Billion (current assets of $74.71 Billion minus current liabilities of $88.69 Billion) is measured against net assets of $75.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check CVS Health Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of CVS Health Corp (1985–2025)
Working capital to net assets ratio of CVS Health Corp from 1985 to 2025. This chart shows how CVS Health Corp's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at -18.5%, reflecting working capital of $-13.98 Billion against net assets of $75.38 Billion USD. See CVS Health Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
CVS Health Corp Working Capital to Net Assets Ratio by Year (1985–2025)
CVS Health Corp working capital to net assets ratio by year from 1985 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for CVS Health Corp from 1985 to 2025, 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 the complete balance sheet picture, see total assets of CVS Health Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -18.5% | $-13.98 Billion | $75.38 Billion | $74.71 Billion | $88.69 Billion | ▲ +2.5 pp |
| 2024 | -21.1% | $-15.96 Billion | $75.73 Billion | $68.64 Billion | $84.61 Billion | ▼ -6.3 pp |
| 2023 | -14.8% | $-11.33 Billion | $76.64 Billion | $67.86 Billion | $79.19 Billion | ▼ -9.5 pp |
| 2022 | -5.3% | $-3.79 Billion | $71.77 Billion | $65.63 Billion | $69.42 Billion | ▲ +5.1 pp |
| 2021 | -10.3% | $-7.80 Billion | $75.38 Billion | $60.01 Billion | $67.81 Billion | ▼ -2.2 pp |
| 2020 | -8.1% | $-5.65 Billion | $69.70 Billion | $56.37 Billion | $62.02 Billion | ▼ -3.4 pp |
| 2019 | -4.7% | $-3.00 Billion | $64.17 Billion | $50.30 Billion | $53.30 Billion | ▼ -6.8 pp |
| 2018 | 2.1% | $1.23 Billion | $58.54 Billion | $45.24 Billion | $44.01 Billion | ▲ +0.6 pp |
| 2017 | 1.5% | $581.00 Million | $37.70 Billion | $31.23 Billion | $30.65 Billion | ▼ -11.5 pp |
| 2016 | 13.0% | $4.79 Billion | $36.83 Billion | $31.04 Billion | $26.25 Billion | ▼ -3.1 pp |
| 2015 | 16.1% | $5.99 Billion | $37.20 Billion | $29.16 Billion | $23.17 Billion | ▼ -2.2 pp |
| 2014 | 18.3% | $6.96 Billion | $37.96 Billion | $25.98 Billion | $19.03 Billion | ▼ -7.8 pp |
| 2013 | 26.1% | $9.90 Billion | $37.94 Billion | $25.32 Billion | $15.43 Billion | ▲ +10.1 pp |
| 2012 | 16.0% | $6.01 Billion | $37.65 Billion | $20.16 Billion | $14.15 Billion | ▼ -1.5 pp |
| 2011 | 17.4% | $6.64 Billion | $38.05 Billion | $18.59 Billion | $11.96 Billion | ▼ -0.1 pp |
| 2010 | 17.6% | $6.64 Billion | $37.73 Billion | $17.71 Billion | $11.07 Billion | ▲ +2.9 pp |
| 2009 | 14.6% | $5.24 Billion | $35.77 Billion | $17.54 Billion | $12.30 Billion | ▲ +5.9 pp |
| 2008 | 8.8% | $3.04 Billion | $34.57 Billion | $16.53 Billion | $13.49 Billion | ▼ -2.0 pp |
| 2007 | 10.8% | $3.38 Billion | $31.32 Billion | $14.15 Billion | $10.77 Billion | ▼ -23.4 pp |
| 2006 | 34.2% | $3.39 Billion | $9.92 Billion | $10.40 Billion | $7.00 Billion | ▼ -11.5 pp |
| 2005 | 45.7% | $3.81 Billion | $8.33 Billion | $8.39 Billion | $4.58 Billion | ▲ +1.9 pp |
| 2004 | 43.8% | $3.06 Billion | $6.99 Billion | $7.92 Billion | $4.86 Billion | ▼ -6.1 pp |
| 2003 | 49.9% | $3.01 Billion | $6.02 Billion | $6.50 Billion | $3.49 Billion | ▼ -5.4 pp |
| 2002 | 55.3% | $2.88 Billion | $5.20 Billion | $5.98 Billion | $3.11 Billion | ▲ +4.0 pp |
| 2001 | 51.3% | $2.34 Billion | $4.57 Billion | $5.41 Billion | $3.07 Billion | ▲ +5.5 pp |
| 2000 | 45.8% | $1.97 Billion | $4.30 Billion | $4.94 Billion | $2.96 Billion | ▼ -0.9 pp |
| 1999 | 46.7% | $1.72 Billion | $3.68 Billion | $4.61 Billion | $2.89 Billion | ▲ +7.6 pp |
| 1998 | 39.1% | $1.22 Billion | $3.11 Billion | $4.35 Billion | $3.13 Billion | ▲ +1.5 pp |
| 1997 | 37.5% | $981.50 Million | $2.61 Billion | $3.89 Billion | $2.91 Billion | ▼ -26.5 pp |
| 1996 | 64.0% | $1.41 Billion | $2.20 Billion | $3.53 Billion | $2.12 Billion | ▲ +17.6 pp |
| 1995 | 46.4% | $762.20 Million | $1.64 Billion | $2.56 Billion | $1.80 Billion | ▲ +5.9 pp |
| 1994 | 40.4% | $1.01 Billion | $2.49 Billion | $2.65 Billion | $1.64 Billion | ▼ -5.2 pp |
| 1993 | 45.7% | $1.07 Billion | $2.34 Billion | $2.40 Billion | $1.33 Billion | ▼ -3.0 pp |
| 1992 | 48.7% | $1.06 Billion | $2.18 Billion | $2.44 Billion | $1.38 Billion | ▲ +1.4 pp |
| 1991 | 47.3% | $1.04 Billion | $2.20 Billion | $2.37 Billion | $1.33 Billion | ▲ +0.8 pp |
| 1990 | 46.5% | $910.90 Million | $1.96 Billion | $2.11 Billion | $1.20 Billion | ▼ -12.7 pp |
| 1989 | 59.2% | $1.02 Billion | $1.72 Billion | $1.87 Billion | $855.40 Million | ▲ +8.2 pp |
| 1988 | 51.0% | $870.00 Million | $1.71 Billion | $1.69 Billion | $823.60 Million | ▼ -12.1 pp |
| 1987 | 63.1% | $919.90 Million | $1.46 Billion | $1.49 Billion | $568.70 Million | ▼ -1.6 pp |
| 1986 | 64.7% | $816.80 Million | $1.26 Billion | $1.35 Billion | $534.60 Million | ▲ +0.1 pp |
| 1985 | 64.6% | $711.60 Million | $1.10 Billion | $1.20 Billion | $493.00 Million | — |