McKesson Corporation (MCK) — Working Capital to Net Assets Ratio
McKesson Corporation (MCK) has a Working Capital to Net Assets ratio of 1175.9% 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 $-834.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MCK FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
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 1175.9%, reflecting working capital of $-9.81 Billion against net assets of $-834.00 Million USD. See McKesson Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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 how much is McKesson Corporation worth.
| 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 | — |