Morgan Stanley Working Capital to Net Assets Ratio
Morgan Stanley working capital to net assets ratio. Morgan Stanley (MS) has a Working Capital to Net Assets ratio of 354.7% as of March 2026. Working capital of $409.29 Billion (current assets of $1.08 Trillion minus current liabilities of $666.50 Billion) is measured against net assets of $115.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Morgan Stanley (1989–2025)
Working capital to net assets ratio of Morgan Stanley from 1989 to 2025. This chart shows how Morgan Stanley'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 354.7%, reflecting working capital of $409.29 Billion against net assets of $115.38 Billion USD. Explore Morgan Stanley (MS) long-term investment share to see how much of total assets are deployed in long-term investments.
Morgan Stanley Working Capital to Net Assets Ratio by Year (1989–2025)
Morgan Stanley working capital to net assets ratio by year from 1989 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Morgan Stanley 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 the complete balance sheet picture, see total assets of Morgan Stanley.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 84.4% | $95.12 Billion | $112.65 Billion | $654.69 Billion | $559.57 Billion | ▲ +323.2 pp |
| 2024 | -238.8% | $-251.74 Billion | $105.43 Billion | $487.75 Billion | $739.49 Billion | ▼ -33.0 pp |
| 2023 | -205.8% | $-205.76 Billion | $99.98 Billion | $542.00 Billion | $747.76 Billion | ▲ +2.0 pp |
| 2022 | -207.8% | $-210.36 Billion | $101.23 Billion | $546.39 Billion | $756.75 Billion | ▼ -42.5 pp |
| 2021 | -165.3% | $-176.18 Billion | $106.60 Billion | $596.37 Billion | $772.54 Billion | ▼ -26.0 pp |
| 2020 | -139.3% | $-143.68 Billion | $103.15 Billion | $571.97 Billion | $715.64 Billion | ▲ +20.9 pp |
| 2019 | -160.2% | $-132.51 Billion | $82.70 Billion | $424.48 Billion | $556.98 Billion | ▼ -25.6 pp |
| 2018 | -134.7% | $-109.62 Billion | $81.41 Billion | $410.58 Billion | $520.21 Billion | ▲ +50.3 pp |
| 2017 | -185.0% | $-145.16 Billion | $78.47 Billion | $370.36 Billion | $515.52 Billion | ▼ -6.6 pp |
| 2016 | -178.4% | $-137.68 Billion | $77.18 Billion | $364.57 Billion | $502.25 Billion | ▼ -25.9 pp |
| 2015 | -152.5% | $-116.16 Billion | $76.18 Billion | $365.78 Billion | $481.94 Billion | ▼ -99.7 pp |
| 2014 | -52.7% | $-38.03 Billion | $72.10 Billion | $417.36 Billion | $455.39 Billion | ▲ +2.9 pp |
| 2013 | -55.6% | $-38.38 Billion | $69.03 Billion | $453.93 Billion | $492.31 Billion | ▼ -75.6 pp |
| 2012 | 20.0% | $13.06 Billion | $65.43 Billion | $432.67 Billion | $419.61 Billion | ▲ +122.2 pp |
| 2011 | -102.2% | $-71.62 Billion | $70.08 Billion | $295.27 Billion | $366.89 Billion | ▲ +106.5 pp |
| 2010 | -208.7% | $-136.50 Billion | $65.41 Billion | $305.33 Billion | $441.83 Billion | ▲ +152.1 pp |
| 2009 | -360.8% | $-190.41 Billion | $52.78 Billion | $248.72 Billion | $439.12 Billion | ▼ -239.3 pp |
| 2008 | -121.5% | $-60.07 Billion | $49.46 Billion | $270.32 Billion | $330.39 Billion | ▲ +483.0 pp |
| 2007 | -604.5% | $-189.01 Billion | $31.27 Billion | $317.87 Billion | $506.88 Billion | ▲ +157.4 pp |
| 2006 | -761.9% | $-269.44 Billion | $35.36 Billion | $328.48 Billion | $597.92 Billion | ▼ -73.6 pp |
| 2005 | -688.3% | $-200.85 Billion | $29.18 Billion | $308.63 Billion | $509.48 Billion | ▲ +413.2 pp |
| 2004 | -1101.4% | $-310.67 Billion | $28.21 Billion | $174.36 Billion | $485.03 Billion | ▼ -587.7 pp |
| 2003 | -513.7% | $-142.18 Billion | $27.68 Billion | $63.74 Billion | $205.91 Billion | ▲ +619.4 pp |
| 2002 | -1133.2% | $-261.70 Billion | $23.09 Billion | $68.83 Billion | $330.53 Billion | ▼ -296.8 pp |
| 2001 | -836.4% | $-183.39 Billion | $21.93 Billion | $64.04 Billion | $247.42 Billion | ▼ -31.6 pp |
| 2000 | -804.8% | $-158.31 Billion | $19.67 Billion | $52.85 Billion | $211.16 Billion | ▲ +168.3 pp |
| 1999 | -973.1% | $-169.46 Billion | $17.41 Billion | $45.59 Billion | $215.06 Billion | ▼ -69.7 pp |
| 1998 | -903.5% | $-140.20 Billion | $15.52 Billion | $43.45 Billion | $183.65 Billion | ▲ +50.1 pp |
| 1997 | -953.6% | $-142.60 Billion | $14.96 Billion | $38.48 Billion | $181.09 Billion | ▼ -751.0 pp |
| 1996 | -202.5% | $-10.46 Billion | $5.16 Billion | $5.64 Billion | $16.10 Billion | ▲ +4.0 pp |
| 1995 | -206.6% | $-9.99 Billion | $4.83 Billion | $7.47 Billion | $17.46 Billion | ▼ -105.5 pp |
| 1994 | -101.0% | $-4.15 Billion | $4.11 Billion | $7.32 Billion | $11.47 Billion | ▲ +18.9 pp |
| 1993 | -119.9% | $-4.17 Billion | $3.48 Billion | $6.52 Billion | $10.69 Billion | ▼ -534.1 pp |
| 1992 | 414.2% | $14.22 Billion | $3.43 Billion | $77.39 Billion | $63.17 Billion | ▲ +13.8 pp |
| 1991 | 400.4% | $11.98 Billion | $2.99 Billion | $61.50 Billion | $49.51 Billion | ▼ -11.8 pp |
| 1990 | 412.2% | $8.95 Billion | $2.17 Billion | $52.19 Billion | $43.24 Billion | ▲ +121.3 pp |
| 1989 | 290.9% | $5.88 Billion | $2.02 Billion | $51.69 Billion | $45.81 Billion | — |