The Gap, Inc. Working Capital to Net Assets Ratio
The Gap, Inc. working capital to net assets ratio. The Gap, Inc. (GAP) has a Working Capital to Net Assets ratio of 64.0% as of April 2026. Working capital of $2.34 Billion (current assets of $5.24 Billion minus current liabilities of $2.90 Billion) is measured against net assets of $3.65 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 The Gap, Inc. (1986–2026)
Working capital to net assets ratio of The Gap, Inc. from 1986 to 2026. This chart shows how The Gap, Inc.'s Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2026. As of April 2026, the ratio stands at 64.0%, reflecting working capital of $2.34 Billion against net assets of $3.65 Billion USD. See GAP defensive interval ratio to measure how many days the company can operate on defensive assets alone.
The Gap, Inc. Working Capital to Net Assets Ratio by Year (1986–2026)
The Gap, Inc. working capital to net assets ratio by year from 1986 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for The Gap, Inc. from 1986 to 2026, covering 40 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 how large is The Gap, Inc.'s balance sheet.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 65.2% | $2.48 Billion | $3.80 Billion | $5.78 Billion | $3.30 Billion | ▲ +5.5 pp |
| 2025 | 59.7% | $1.95 Billion | $3.26 Billion | $5.20 Billion | $3.26 Billion | ▲ +9.6 pp |
| 2024 | 50.1% | $1.30 Billion | $2.60 Billion | $4.39 Billion | $3.10 Billion | ▼ -10.9 pp |
| 2023 | 60.9% | $1.36 Billion | $2.23 Billion | $4.62 Billion | $3.26 Billion | ▲ +21.0 pp |
| 2022 | 40.0% | $1.09 Billion | $2.72 Billion | $5.17 Billion | $4.08 Billion | ▼ -41.3 pp |
| 2021 | 81.3% | $2.12 Billion | $2.61 Billion | $6.01 Billion | $3.88 Billion | ▲ +41.8 pp |
| 2020 | 39.4% | $1.31 Billion | $3.32 Billion | $4.52 Billion | $3.21 Billion | ▼ -19.0 pp |
| 2019 | 58.5% | $2.08 Billion | $3.55 Billion | $4.25 Billion | $2.17 Billion | ▼ -8.6 pp |
| 2018 | 67.0% | $2.11 Billion | $3.14 Billion | $4.57 Billion | $2.46 Billion | ▲ +2.9 pp |
| 2017 | 64.1% | $1.86 Billion | $2.90 Billion | $4.32 Billion | $2.45 Billion | ▲ +7.1 pp |
| 2016 | 57.0% | $1.45 Billion | $2.54 Billion | $3.98 Billion | $2.54 Billion | ▼ -12.9 pp |
| 2015 | 69.8% | $2.08 Billion | $2.98 Billion | $4.32 Billion | $2.23 Billion | ▲ +5.0 pp |
| 2014 | 64.8% | $1.99 Billion | $3.06 Billion | $4.43 Billion | $2.44 Billion | ▲ +3.0 pp |
| 2013 | 61.8% | $1.79 Billion | $2.89 Billion | $4.13 Billion | $2.34 Billion | ▼ -17.4 pp |
| 2012 | 79.2% | $2.18 Billion | $2.75 Billion | $4.31 Billion | $2.13 Billion | ▲ +34.3 pp |
| 2011 | 44.9% | $1.83 Billion | $4.08 Billion | $3.93 Billion | $2.10 Billion | ▼ -6.9 pp |
| 2010 | 51.8% | $2.53 Billion | $4.89 Billion | $4.66 Billion | $2.13 Billion | ▲ +9.7 pp |
| 2009 | 42.1% | $1.85 Billion | $4.39 Billion | $4.00 Billion | $2.16 Billion | ▲ +3.4 pp |
| 2008 | 38.7% | $1.65 Billion | $4.27 Billion | $4.09 Billion | $2.43 Billion | ▼ -14.6 pp |
| 2007 | 53.3% | $2.76 Billion | $5.17 Billion | $5.03 Billion | $2.27 Billion | ▼ -7.5 pp |
| 2006 | 60.8% | $3.30 Billion | $5.42 Billion | $5.24 Billion | $1.94 Billion | ▼ -21.5 pp |
| 2005 | 82.3% | $4.06 Billion | $4.94 Billion | $6.30 Billion | $2.24 Billion | ▼ -5.5 pp |
| 2004 | 87.7% | $4.20 Billion | $4.78 Billion | $6.69 Billion | $2.49 Billion | ▲ +5.4 pp |
| 2003 | 82.4% | $3.01 Billion | $3.66 Billion | $5.74 Billion | $2.73 Billion | ▲ +87.5 pp |
| 2001 | -5.2% | $-151.09 Million | $2.93 Billion | $2.65 Billion | $2.80 Billion | ▼ -25.1 pp |
| 2000 | 19.9% | $444.90 Million | $2.23 Billion | $2.20 Billion | $1.75 Billion | ▼ -0.3 pp |
| 1999 | 20.3% | $318.70 Million | $1.57 Billion | $1.87 Billion | $1.55 Billion | ▼ -32.7 pp |
| 1998 | 53.0% | $839.40 Million | $1.58 Billion | $1.83 Billion | $991.50 Million | ▲ +19.5 pp |
| 1997 | 33.5% | $554.40 Million | $1.65 Billion | $1.33 Billion | $774.90 Million | ▼ -10.9 pp |
| 1996 | 44.4% | $728.30 Million | $1.64 Billion | $1.28 Billion | $551.70 Million | ▲ +4.0 pp |
| 1995 | 40.4% | $555.80 Million | $1.38 Billion | $1.06 Billion | $499.90 Million | ▼ -3.5 pp |
| 1994 | 43.9% | $494.20 Million | $1.13 Billion | $956.40 Million | $462.20 Million | ▲ +3.8 pp |
| 1993 | 40.1% | $355.70 Million | $887.80 Million | $690.80 Million | $335.10 Million | ▲ +5.3 pp |
| 1992 | 34.7% | $235.50 Million | $677.80 Million | $565.80 Million | $330.30 Million | ▲ +12.9 pp |
| 1991 | 21.8% | $101.60 Million | $465.70 Million | $365.10 Million | $263.50 Million | ▼ -16.4 pp |
| 1990 | 38.2% | $129.10 Million | $338.00 Million | $316.50 Million | $187.40 Million | ▼ -0.2 pp |
| 1989 | 38.4% | $106.20 Million | $276.40 Million | $258.10 Million | $151.90 Million | ▼ -9.3 pp |
| 1988 | 47.7% | $130.20 Million | $272.90 Million | $258.80 Million | $128.60 Million | ▼ -4.6 pp |
| 1987 | 52.3% | $110.80 Million | $212.00 Million | $230.40 Million | $119.60 Million | ▲ +0.1 pp |
| 1986 | 52.2% | $79.10 Million | $151.60 Million | $168.40 Million | $89.30 Million | — |