McKesson Corporation (MCK) — Working Capital to Net Assets Ratio
McKesson Corporation (MCK) has a Working Capital to Net Assets ratio of 194.6% as of June 2026. Working capital of $-7.52 Billion (current assets of $62.84 Billion minus current liabilities of $70.36 Billion) is measured against net assets of $-3.86 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see McKesson Corporation asset portfolio.
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 June 2026, the ratio stands at 194.6%, reflecting working capital of $-7.52 Billion against net assets of $-3.86 Billion USD. Explore capital reinvestment ratio of McKesson Corporation to see what proportion of operating cash flow is directed to capital expenditures.
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. Explore long-term investment intensity of McKesson Corporation to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 1175.9% | $-9.81 Billion | $-834.00 Million | $57.21 Billion | $67.02 Billion | ▲ +809.5 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 | — |