Herbalife Nutrition Ltd (HLF) — Working Capital to Net Assets Ratio
Herbalife Nutrition Ltd (HLF) has a Working Capital to Net Assets ratio of -25.9% as of December 2025. Working capital of $131.80 Million (current assets of $1.14 Billion minus current liabilities of $1.01 Billion) is measured against net assets of $-509.40 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See HLF net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Herbalife Nutrition Ltd Working Capital to Net Assets (2003–2025)
This chart shows how Herbalife Nutrition Ltd's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at -25.9%, reflecting working capital of $131.80 Million against net assets of $-509.40 Million USD. Check tangible equity quality of Herbalife Nutrition Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Herbalife Nutrition Ltd (2003–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Herbalife Nutrition Ltd from 2003 to 2025, covering 23 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 Herbalife Nutrition Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -25.9% | $131.80 Million | $-509.40 Million | $1.14 Billion | $1.01 Billion | ▼ -36.7 pp |
| 2024 | 10.8% | $-86.70 Million | $-801.10 Million | $1.14 Billion | $1.23 Billion | ▲ +22.3 pp |
| 2023 | -11.5% | $121.70 Million | $-1.06 Billion | $1.40 Billion | $1.28 Billion | ▲ +18.5 pp |
| 2022 | -30.0% | $379.50 Million | $-1.27 Billion | $1.36 Billion | $976.60 Million | ▼ -4.7 pp |
| 2021 | -25.3% | $351.40 Million | $-1.39 Billion | $1.43 Billion | $1.08 Billion | ▲ +50.5 pp |
| 2020 | -75.8% | $648.50 Million | $-856.10 Million | $1.78 Billion | $1.13 Billion | ▲ +58.6 pp |
| 2019 | -134.3% | $523.80 Million | $-390.00 Million | $1.49 Billion | $964.40 Million | ▼ -104.4 pp |
| 2018 | -29.9% | $216.20 Million | $-723.40 Million | $1.80 Billion | $1.59 Billion | ▲ +255.0 pp |
| 2017 | -284.9% | $953.50 Million | $-334.70 Million | $1.86 Billion | $906.80 Million | ▼ -626.7 pp |
| 2016 | 341.8% | $671.00 Million | $196.30 Million | $1.46 Billion | $791.50 Million | ▲ +1354.7 pp |
| 2015 | -1012.9% | $541.90 Million | $-53.50 Million | $1.57 Billion | $1.02 Billion | ▼ -857.8 pp |
| 2014 | -155.1% | $518.60 Million | $-334.40 Million | $1.39 Billion | $874.80 Million | ▼ -285.8 pp |
| 2013 | 130.7% | $720.94 Million | $551.45 Million | $1.64 Billion | $922.18 Million | ▲ +72.0 pp |
| 2012 | 58.7% | $246.96 Million | $420.75 Million | $963.85 Million | $716.89 Million | ▲ +19.4 pp |
| 2011 | 39.3% | $220.13 Million | $560.19 Million | $768.82 Million | $548.69 Million | ▲ +13.7 pp |
| 2010 | 25.6% | $124.77 Million | $487.21 Million | $595.59 Million | $470.82 Million | ▲ +2.4 pp |
| 2009 | 23.2% | $83.54 Million | $359.31 Million | $513.50 Million | $429.97 Million | ▼ -11.0 pp |
| 2008 | 34.3% | $82.87 Million | $241.73 Million | $484.77 Million | $401.90 Million | ▼ -26.9 pp |
| 2007 | 61.2% | $111.48 Million | $182.24 Million | $487.10 Million | $375.62 Million | ▲ +23.8 pp |
| 2006 | 37.4% | $132.22 Million | $353.89 Million | $455.71 Million | $323.49 Million | ▲ +29.0 pp |
| 2005 | 8.3% | $14.09 Million | $168.89 Million | $299.55 Million | $285.46 Million | ▲ +10.8 pp |
| 2004 | -2.4% | $-1.56 Million | $64.34 Million | $369.91 Million | $371.47 Million | ▼ -3.1 pp |
| 2003 | 0.6% | $1.52 Million | $237.79 Million | $277.74 Million | $276.22 Million | — |