First Horizon Corporation (FHN) — Working Capital to Net Assets Ratio
First Horizon Corporation (FHN) has a Working Capital to Net Assets ratio of -20.8% as of June 2026. Working capital of $-1.97 Billion (current assets of $1.03 Billion minus current liabilities of $3.00 Billion) is measured against net assets of $9.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See First Horizon Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Horizon Corporation Working Capital to Net Assets (1989–2025)
This chart shows how First Horizon Corporation's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of June 2026, the ratio stands at -20.8%, reflecting working capital of $-1.97 Billion against net assets of $9.46 Billion USD. For the complete balance sheet picture, see total assets of First Horizon Corporation.
Annual Working Capital to Net Assets for First Horizon Corporation (1989–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Horizon Corporation from 1989 to 2025, covering 37 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. Check FHN financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -31.6% | $-2.89 Billion | $9.14 Billion | $68.45 Billion | $71.34 Billion | ▲ +633.5 pp |
| 2024 | -665.1% | $-60.59 Billion | $9.11 Billion | $8.94 Billion | $69.53 Billion | ▼ -39.7 pp |
| 2023 | -625.4% | $-58.11 Billion | $9.29 Billion | $10.73 Billion | $68.84 Billion | ▼ -624.7 pp |
| 2022 | -0.7% | $-61.00 Million | $8.55 Billion | $2.44 Billion | $2.51 Billion | ▲ +619.5 pp |
| 2021 | -620.2% | $-52.68 Billion | $8.49 Billion | $24.76 Billion | $77.44 Billion | ▼ -805.7 pp |
| 2020 | 185.4% | $15.40 Billion | $8.31 Billion | $17.60 Billion | $2.20 Billion | ▲ +119.5 pp |
| 2019 | 66.0% | $3.35 Billion | $5.08 Billion | $5.60 Billion | $2.25 Billion | ▼ -72.4 pp |
| 2018 | 138.4% | $6.61 Billion | $4.78 Billion | $6.72 Billion | $114.76 Million | ▼ -518.7 pp |
| 2017 | 657.1% | $30.10 Billion | $4.58 Billion | $32.72 Billion | $2.63 Billion | ▼ -197.4 pp |
| 2016 | 854.5% | $23.12 Billion | $2.71 Billion | $23.20 Billion | $83.18 Million | ▲ +68.8 pp |
| 2015 | 785.7% | $20.74 Billion | $2.64 Billion | $20.88 Billion | $137.86 Million | ▲ +3.0 pp |
| 2014 | 782.7% | $20.28 Billion | $2.59 Billion | $20.44 Billion | $157.22 Million | ▲ +28.2 pp |
| 2013 | 754.5% | $18.87 Billion | $2.50 Billion | $19.05 Billion | $181.15 Million | ▼ -49.7 pp |
| 2012 | 804.2% | $20.18 Billion | $2.51 Billion | $20.62 Billion | $441.20 Million | ▲ +1346.2 pp |
| 2011 | -542.0% | $-14.55 Billion | $2.68 Billion | $4.07 Billion | $18.62 Billion | ▼ -1286.1 pp |
| 2010 | 744.1% | $19.93 Billion | $2.68 Billion | $20.17 Billion | $246.24 Million | ▲ +1281.6 pp |
| 2009 | -537.5% | $-17.75 Billion | $3.30 Billion | $1.34 Billion | $19.09 Billion | ▲ +16.7 pp |
| 2008 | -554.1% | $-19.81 Billion | $3.57 Billion | $1.94 Billion | $21.75 Billion | ▲ +575.7 pp |
| 2007 | -1129.8% | $-24.13 Billion | $2.14 Billion | $1.73 Billion | $25.86 Billion | ▼ -94.4 pp |
| 2006 | -1035.4% | $-25.50 Billion | $2.46 Billion | $1.73 Billion | $27.22 Billion | ▲ +88.6 pp |
| 2005 | -1124.1% | $-26.39 Billion | $2.35 Billion | $1.47 Billion | $27.86 Billion | ▼ -84.7 pp |
| 2004 | -1039.3% | $-21.22 Billion | $2.04 Billion | $2.32 Billion | $23.53 Billion | ▼ -176.0 pp |
| 2003 | -863.4% | $-16.32 Billion | $1.89 Billion | $2.66 Billion | $18.99 Billion | ▲ +66.1 pp |
| 2002 | -929.5% | $-16.13 Billion | $1.74 Billion | $3.07 Billion | $19.20 Billion | ▲ +17.5 pp |
| 2001 | -947.0% | $-14.41 Billion | $1.52 Billion | $2.56 Billion | $16.98 Billion | ▼ -13.1 pp |
| 2000 | -933.9% | $-13.28 Billion | $1.42 Billion | $2.34 Billion | $15.63 Billion | ▲ +151.6 pp |
| 1999 | -1085.5% | $-13.48 Billion | $1.24 Billion | $2.29 Billion | $15.77 Billion | ▲ +172.3 pp |
| 1998 | -1257.8% | $-13.83 Billion | $1.10 Billion | $2.23 Billion | $16.06 Billion | ▼ -138.6 pp |
| 1997 | -1119.2% | $-10.68 Billion | $954.10 Million | $1.78 Billion | $12.46 Billion | ▼ -110.9 pp |
| 1996 | -1008.3% | $-9.62 Billion | $954.50 Million | $1.69 Billion | $11.32 Billion | ▲ +46.5 pp |
| 1995 | -1054.8% | $-9.21 Billion | $873.20 Million | $1.31 Billion | $10.52 Billion | ▲ +17.2 pp |
| 1994 | -1072.0% | $-8.03 Billion | $748.80 Million | $1.32 Billion | $9.34 Billion | ▲ +16.9 pp |
| 1993 | -1088.9% | $-7.39 Billion | $679.00 Million | $1.08 Billion | $8.48 Billion | ▲ +70.7 pp |
| 1992 | -1159.6% | $-6.93 Billion | $597.50 Million | $998.70 Million | $7.93 Billion | ▲ +156.2 pp |
| 1991 | -1315.7% | $-5.76 Billion | $437.60 Million | $1.03 Billion | $6.79 Billion | ▼ -97.0 pp |
| 1990 | -1218.7% | $-4.85 Billion | $397.80 Million | $1.13 Billion | $5.98 Billion | ▲ +8.3 pp |
| 1989 | -1227.0% | $-4.67 Billion | $380.70 Million | $1.01 Billion | $5.68 Billion | — |