International Paper (IP) — Working Capital to Net Assets Ratio
International Paper (IP) has a Working Capital to Net Assets ratio of 10.2% as of March 2026. Working capital of $1.51 Billion (current assets of $8.58 Billion minus current liabilities of $7.07 Billion) is measured against net assets of $14.81 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of International Paper to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
International Paper Working Capital to Net Assets (1985–2025)
This chart shows how International Paper's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 10.2%, reflecting working capital of $1.51 Billion against net assets of $14.81 Billion USD. Check IP goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for International Paper (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for International Paper 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 live market cap and the full company profile, see International Paper (IP) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 14.9% | $2.21 Billion | $14.83 Billion | $10.11 Billion | $7.90 Billion | ▼ -11.6 pp |
| 2024 | 26.5% | $2.17 Billion | $8.17 Billion | $6.42 Billion | $4.26 Billion | ▼ -5.2 pp |
| 2023 | 31.7% | $2.65 Billion | $8.36 Billion | $6.61 Billion | $3.96 Billion | ▲ +10.9 pp |
| 2022 | 20.8% | $1.77 Billion | $8.50 Billion | $6.77 Billion | $5.00 Billion | ▼ -11.7 pp |
| 2021 | 32.5% | $2.95 Billion | $9.08 Billion | $7.10 Billion | $4.14 Billion | ▼ -5.0 pp |
| 2020 | 37.5% | $2.95 Billion | $7.87 Billion | $11.24 Billion | $8.28 Billion | ▲ +63.5 pp |
| 2019 | -26.0% | $-2.01 Billion | $7.72 Billion | $6.64 Billion | $8.65 Billion | ▼ -57.2 pp |
| 2018 | 31.2% | $2.30 Billion | $7.38 Billion | $7.00 Billion | $4.69 Billion | ▼ -17.4 pp |
| 2017 | 48.5% | $3.17 Billion | $6.54 Billion | $8.28 Billion | $5.10 Billion | ▼ -14.8 pp |
| 2016 | 63.3% | $2.60 Billion | $4.11 Billion | $6.67 Billion | $4.07 Billion | ▼ -1.4 pp |
| 2015 | 64.7% | $2.55 Billion | $3.95 Billion | $6.48 Billion | $3.92 Billion | ▲ +6.7 pp |
| 2014 | 58.0% | $3.05 Billion | $5.26 Billion | $7.96 Billion | $4.91 Billion | ▲ +10.9 pp |
| 2013 | 47.1% | $3.90 Billion | $8.28 Billion | $9.03 Billion | $5.13 Billion | ▼ -11.8 pp |
| 2012 | 58.9% | $3.91 Billion | $6.64 Billion | $8.90 Billion | $5.00 Billion | ▼ -23.0 pp |
| 2011 | 81.9% | $5.72 Billion | $6.99 Billion | $10.46 Billion | $4.74 Billion | ▲ +32.1 pp |
| 2010 | 49.8% | $3.52 Billion | $7.08 Billion | $8.03 Billion | $4.50 Billion | ▼ -6.8 pp |
| 2009 | 56.6% | $3.54 Billion | $6.25 Billion | $7.55 Billion | $4.01 Billion | ▼ -2.6 pp |
| 2008 | 59.2% | $2.60 Billion | $4.40 Billion | $7.36 Billion | $4.75 Billion | ▲ +26.7 pp |
| 2007 | 32.5% | $2.89 Billion | $8.90 Billion | $6.74 Billion | $3.84 Billion | ▼ -16.4 pp |
| 2006 | 48.9% | $4.00 Billion | $8.18 Billion | $8.64 Billion | $4.64 Billion | ▲ +18.9 pp |
| 2005 | 30.0% | $2.56 Billion | $8.56 Billion | $7.41 Billion | $4.84 Billion | ▼ -15.4 pp |
| 2004 | 45.4% | $4.45 Billion | $9.80 Billion | $9.32 Billion | $4.87 Billion | ▲ +20.1 pp |
| 2003 | 25.2% | $2.53 Billion | $10.04 Billion | $9.34 Billion | $6.80 Billion | ▼ -10.6 pp |
| 2002 | 35.8% | $3.16 Billion | $8.82 Billion | $7.74 Billion | $4.58 Billion | ▲ +10.4 pp |
| 2001 | 25.4% | $2.94 Billion | $11.56 Billion | $8.31 Billion | $5.37 Billion | ▲ +2.7 pp |
| 2000 | 22.7% | $3.04 Billion | $13.39 Billion | $10.46 Billion | $7.41 Billion | ▼ -1.3 pp |
| 1999 | 24.1% | $2.86 Billion | $11.88 Billion | $7.24 Billion | $4.38 Billion | ▲ +1.5 pp |
| 1998 | 22.6% | $2.37 Billion | $10.51 Billion | $6.01 Billion | $3.64 Billion | ▲ +12.3 pp |
| 1997 | 10.3% | $1.06 Billion | $10.35 Billion | $5.95 Billion | $4.88 Billion | ▲ +9.4 pp |
| 1996 | 0.9% | $104.00 Million | $11.21 Billion | $6.00 Billion | $5.89 Billion | ▼ -9.4 pp |
| 1995 | 10.3% | $1.01 Billion | $9.76 Billion | $5.87 Billion | $4.86 Billion | ▲ +0.0 pp |
| 1994 | 10.3% | $796.00 Million | $7.73 Billion | $4.83 Billion | $4.03 Billion | ▲ +5.0 pp |
| 1993 | 5.3% | $392.00 Million | $7.41 Billion | $4.40 Billion | $4.01 Billion | ▲ +7.5 pp |
| 1992 | -2.2% | $-165.00 Million | $7.42 Billion | $4.37 Billion | $4.53 Billion | ▼ -8.1 pp |
| 1991 | 5.9% | $404.00 Million | $6.82 Billion | $4.13 Billion | $3.73 Billion | ▼ -6.6 pp |
| 1990 | 12.5% | $784.00 Million | $6.28 Billion | $3.94 Billion | $3.15 Billion | ▲ +5.8 pp |
| 1989 | 6.6% | $366.00 Million | $5.51 Billion | $3.10 Billion | $2.73 Billion | ▼ -10.5 pp |
| 1988 | 17.1% | $781.00 Million | $4.56 Billion | $2.34 Billion | $1.56 Billion | ▲ +0.9 pp |
| 1987 | 16.2% | $657.00 Million | $4.05 Billion | $2.16 Billion | $1.51 Billion | ▲ +8.1 pp |
| 1986 | 8.1% | $296.00 Million | $3.66 Billion | $1.63 Billion | $1.33 Billion | ▼ -2.9 pp |
| 1985 | 11.0% | $350.00 Million | $3.19 Billion | $1.10 Billion | $755.00 Million | — |