McKesson Corporation (MCK) — Working Capital to Net Assets Ratio
McKesson Corporation (MCK) has a Working Capital to Net Assets ratio of -141.8% as of March 2026. Working capital of $-9.81 Billion (current assets of $57.21 Billion minus current liabilities of $67.02 Billion) is measured against net assets of $6.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See McKesson Corporation (MCK) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
McKesson Corporation Working Capital to Net Assets (1995–2026)
This chart shows how McKesson Corporation's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1995 to 2026. As of March 2026, the ratio stands at -141.8%, reflecting working capital of $-9.81 Billion against net assets of $6.92 Billion USD. Check MCK intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for McKesson Corporation (1995–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for McKesson Corporation from 1995 to 2026, covering 32 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 MCK market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -141.8% | $-9.81 Billion | $6.92 Billion | $57.21 Billion | $67.02 Billion | ▼ -508.2 pp |
| 2025 | 366.4% | $-6.21 Billion | $-1.69 Billion | $55.40 Billion | $61.60 Billion | ▲ +92.0 pp |
| 2024 | 274.4% | $-4.39 Billion | $-1.60 Billion | $47.97 Billion | $52.36 Billion | ▲ +28.4 pp |
| 2023 | 246.0% | $-3.67 Billion | $-1.49 Billion | $44.29 Billion | $47.96 Billion | ▲ +121.3 pp |
| 2022 | 124.7% | $-2.23 Billion | $-1.79 Billion | $46.23 Billion | $48.47 Billion | ▲ +36.3 pp |
| 2021 | 88.5% | $1.28 Billion | $1.45 Billion | $45.38 Billion | $44.10 Billion | ▲ +94.4 pp |
| 2020 | -6.0% | $-402.00 Million | $6.71 Billion | $42.22 Billion | $42.62 Billion | ▼ -14.7 pp |
| 2019 | 8.7% | $839.00 Million | $9.68 Billion | $38.47 Billion | $37.63 Billion | ▲ +4.8 pp |
| 2018 | 3.9% | $451.00 Million | $11.52 Billion | $37.14 Billion | $36.69 Billion | ▼ -6.7 pp |
| 2017 | 10.6% | $1.34 Billion | $12.60 Billion | $36.95 Billion | $35.61 Billion | ▼ -21.7 pp |
| 2016 | 32.3% | $3.37 Billion | $10.41 Billion | $38.44 Billion | $35.07 Billion | ▼ -1.2 pp |
| 2015 | 33.5% | $3.17 Billion | $9.47 Billion | $36.67 Billion | $33.50 Billion | ▲ +3.7 pp |
| 2014 | 29.8% | $3.07 Billion | $10.32 Billion | $32.57 Billion | $29.50 Billion | ▲ +4.1 pp |
| 2013 | 25.6% | $1.81 Billion | $7.07 Billion | $23.17 Billion | $21.36 Billion | ▼ -2.4 pp |
| 2012 | 28.1% | $1.92 Billion | $6.83 Billion | $23.60 Billion | $21.69 Billion | ▼ -22.2 pp |
| 2011 | 50.3% | $3.63 Billion | $7.22 Billion | $22.36 Billion | $18.73 Billion | ▼ -9.3 pp |
| 2010 | 59.6% | $4.49 Billion | $7.53 Billion | $21.50 Billion | $17.01 Billion | ▲ +10.1 pp |
| 2009 | 49.5% | $3.06 Billion | $6.19 Billion | $18.67 Billion | $15.61 Billion | ▲ +9.7 pp |
| 2008 | 39.8% | $2.44 Billion | $6.12 Billion | $17.79 Billion | $15.35 Billion | ▼ -3.7 pp |
| 2007 | 43.5% | $2.73 Billion | $6.27 Billion | $17.86 Billion | $15.13 Billion | ▼ -14.1 pp |
| 2006 | 57.6% | $3.40 Billion | $5.91 Billion | $16.92 Billion | $13.52 Billion | ▼ -9.5 pp |
| 2005 | 67.1% | $3.54 Billion | $5.28 Billion | $15.33 Billion | $11.79 Billion | ▼ -1.6 pp |
| 2004 | 68.7% | $3.55 Billion | $5.17 Billion | $13.00 Billion | $9.46 Billion | ▼ -0.7 pp |
| 2003 | 69.4% | $3.28 Billion | $4.72 Billion | $11.25 Billion | $7.97 Billion | ▼ -5.8 pp |
| 2002 | 75.2% | $3.11 Billion | $4.14 Billion | $10.70 Billion | $7.59 Billion | ▲ +4.3 pp |
| 2001 | 70.9% | $2.61 Billion | $3.69 Billion | $9.16 Billion | $6.55 Billion | ▼ -4.7 pp |
| 2000 | 75.6% | $2.84 Billion | $3.76 Billion | $7.97 Billion | $5.12 Billion | ▲ +20.4 pp |
| 1999 | 55.2% | $1.70 Billion | $3.08 Billion | $6.50 Billion | $4.80 Billion | ▼ -40.1 pp |
| 1998 | 95.4% | $1.53 Billion | $1.60 Billion | $4.11 Billion | $2.58 Billion | ▲ +18.1 pp |
| 1997 | 77.2% | $1.12 Billion | $1.46 Billion | $3.76 Billion | $2.64 Billion | ▼ -6.8 pp |
| 1996 | 84.0% | $942.40 Million | $1.12 Billion | $2.67 Billion | $1.72 Billion | ▼ -5.5 pp |
| 1995 | 89.5% | $961.20 Million | $1.07 Billion | $2.70 Billion | $1.74 Billion | — |