The Gap, Inc. (GAP) — Working Capital to Net Assets Ratio
The Gap, Inc. (GAP) has a Working Capital to Net Assets ratio of 65.2% as of January 2026. Working capital of $2.48 Billion (current assets of $5.78 Billion minus current liabilities of $3.30 Billion) is measured against net assets of $3.80 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of The Gap, Inc. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
The Gap, Inc. Working Capital to Net Assets (1986–2026)
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 January 2026, the ratio stands at 65.2%, reflecting working capital of $2.48 Billion against net assets of $3.80 Billion USD. Check GAP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for The Gap, Inc. (1986–2026)
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 live market cap and the full company profile, see market value of The Gap, Inc..
| 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 | — |