Lincoln National Corporation (LNC) — Working Capital to Net Assets Ratio
Lincoln National Corporation (LNC) has a Working Capital to Net Assets ratio of 68.0% as of March 2026. Working capital of $6.95 Billion (current assets of $7.34 Billion minus current liabilities of $400.00 Million) is measured against net assets of $10.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Lincoln National Corporation's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Lincoln National Corporation Working Capital to Net Assets (1989–2025)
This chart shows how Lincoln National Corporation's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of March 2026, the ratio stands at 68.0%, reflecting working capital of $6.95 Billion against net assets of $10.21 Billion USD. Check Lincoln National Corporation (LNC) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Lincoln National Corporation (1989–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lincoln National 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. For live market cap and the full company profile, see LNC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -792.8% | $-86.46 Billion | $10.91 Billion | $75.53 Billion | $161.99 Billion | ▼ -1255.5 pp |
| 2024 | 462.7% | $38.26 Billion | $8.27 Billion | $55.47 Billion | $17.21 Billion | ▲ +103.8 pp |
| 2023 | 358.9% | $24.74 Billion | $6.89 Billion | $3.37 Billion | $-21.38 Billion | ▼ -2036.4 pp |
| 2022 | 2395.4% | $122.21 Billion | $5.10 Billion | $122.96 Billion | $750.00 Million | ▲ +1695.2 pp |
| 2021 | 700.1% | $141.93 Billion | $20.27 Billion | $142.23 Billion | $300.00 Million | ▲ +657.9 pp |
| 2020 | 42.3% | $151.86 Billion | $359.26 Billion | $141.73 Billion | $-10.13 Billion | ▼ -593.0 pp |
| 2019 | 635.2% | $125.07 Billion | $19.69 Billion | $125.37 Billion | $300.00 Million | ▲ +1745.2 pp |
| 2018 | -1110.0% | $-159.28 Billion | $14.35 Billion | $118.68 Billion | $277.96 Billion | ▼ -280.1 pp |
| 2017 | -829.9% | $-143.75 Billion | $17.32 Billion | $115.80 Billion | $259.55 Billion | ▲ +77.0 pp |
| 2016 | -906.9% | $-131.30 Billion | $14.48 Billion | $110.50 Billion | $241.80 Billion | ▲ +20.7 pp |
| 2015 | -927.6% | $-126.31 Billion | $13.62 Billion | $106.42 Billion | $232.74 Billion | ▼ -137.1 pp |
| 2014 | -790.5% | $-124.43 Billion | $15.74 Billion | $107.94 Billion | $232.37 Billion | ▲ +106.7 pp |
| 2013 | -897.2% | $-120.70 Billion | $13.45 Billion | $98.68 Billion | $219.39 Billion | ▼ -147.9 pp |
| 2012 | -749.3% | $-112.19 Billion | $14.97 Billion | $86.27 Billion | $198.46 Billion | ▼ -19.2 pp |
| 2011 | -730.1% | $-103.41 Billion | $14.16 Billion | $79.94 Billion | $183.35 Billion | ▲ +88.6 pp |
| 2010 | -818.7% | $-104.85 Billion | $12.81 Billion | $70.77 Billion | $175.62 Billion | ▼ -936.1 pp |
| 2009 | 117.4% | $13.74 Billion | $11.70 Billion | $174.42 Billion | $160.68 Billion | ▲ +7.5 pp |
| 2008 | 109.9% | $8.76 Billion | $7.98 Billion | $159.19 Billion | $150.43 Billion | ▲ +5.8 pp |
| 2007 | 104.0% | $12.19 Billion | $11.72 Billion | $187.29 Billion | $175.10 Billion | ▲ +12.6 pp |
| 2006 | 91.5% | $11.16 Billion | $12.20 Billion | $173.99 Billion | $162.84 Billion | ▲ +32826.9 pp |
| 2005 | -32735.5% | $-2.20 Trillion | $6.72 Billion | $-2.08 Trillion | $117.07 Billion | ▲ +5812.3 pp |
| 2004 | -38547.7% | $-2.51 Trillion | $6.52 Billion | $-2.40 Trillion | $108.66 Billion | ▲ +5220.5 pp |
| 2003 | -43768.3% | $-2.69 Trillion | $6.15 Billion | $-2.59 Trillion | $99.47 Billion | ▲ +4756.4 pp |
| 2002 | -48524.7% | $-2.76 Trillion | $5.69 Billion | $-2.67 Trillion | $86.33 Billion | ▼ -48639.6 pp |
| 2001 | 115.0% | $6.60 Billion | $5.74 Billion | $98.00 Billion | $91.40 Billion | ▲ +1707.2 pp |
| 2000 | -1592.3% | $-90.75 Billion | $5.70 Billion | $2.69 Billion | $93.43 Billion | ▲ +221.8 pp |
| 1999 | -1814.0% | $-90.86 Billion | $5.01 Billion | $6.51 Billion | $97.38 Billion | ▼ -497.3 pp |
| 1998 | -1316.7% | $-80.75 Billion | $6.13 Billion | $6.24 Billion | $86.99 Billion | ▼ -98.1 pp |
| 1997 | -1218.6% | $-64.56 Billion | $5.30 Billion | $6.81 Billion | $71.37 Billion | ▲ +89.9 pp |
| 1996 | -1308.5% | $-61.42 Billion | $4.69 Billion | $4.89 Billion | $66.30 Billion | ▼ -92.4 pp |
| 1995 | -1216.1% | $-53.24 Billion | $4.38 Billion | $4.98 Billion | $58.22 Billion | ▲ +160.5 pp |
| 1994 | -1376.7% | $-41.88 Billion | $3.04 Billion | $3.99 Billion | $45.87 Billion | ▼ -1379.1 pp |
| 1993 | 2.4% | $99.50 Million | $4.07 Billion | $601.90 Million | $502.40 Million | ▼ -9.7 pp |
| 1992 | 12.1% | $358.20 Million | $2.95 Billion | $791.60 Million | $433.40 Million | ▲ +3.2 pp |
| 1991 | 8.9% | $248.30 Million | $2.79 Billion | $925.60 Million | $677.30 Million | ▼ -17.5 pp |
| 1990 | 26.4% | $636.60 Million | $2.42 Billion | $1.01 Billion | $371.40 Million | ▲ +12.1 pp |
| 1989 | 14.3% | $344.90 Million | $2.42 Billion | $827.60 Million | $482.70 Million | — |