Cloudflare Inc (NET) — Working Capital to Net Assets Ratio
Cloudflare Inc (NET) has a Working Capital to Net Assets ratio of 171.8% as of September 2025. Working capital of $2.31 Billion (current assets of $4.54 Billion minus current liabilities of $2.22 Billion) is measured against net assets of $1.35 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Cloudflare Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cloudflare Inc Working Capital to Net Assets (2017–2024)
This chart shows how Cloudflare Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 171.8%, reflecting working capital of $2.31 Billion against net assets of $1.35 Billion USD. Check NET goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Cloudflare Inc (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cloudflare Inc from 2017 to 2024, covering 8 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 Cloudflare Inc (NET) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 141.0% | $1.48 Billion | $1.05 Billion | $2.27 Billion | $793.65 Million | ▼ -44.6 pp |
| 2023 | 185.6% | $1.42 Billion | $763.05 Million | $1.98 Billion | $567.08 Million | ▼ -53.2 pp |
| 2022 | 238.8% | $1.49 Billion | $623.96 Million | $1.89 Billion | $397.87 Million | ▲ +34.7 pp |
| 2021 | 204.1% | $1.66 Billion | $815.80 Million | $1.95 Billion | $288.56 Million | ▲ +83.1 pp |
| 2020 | 121.0% | $988.58 Million | $816.94 Million | $1.13 Billion | $141.38 Million | ▲ +37.5 pp |
| 2019 | 83.5% | $605.99 Million | $725.83 Million | $689.87 Million | $83.88 Million | ▲ +202.7 pp |
| 2018 | -119.3% | $135.36 Million | $-113.50 Million | $196.74 Million | $61.38 Million | ▼ -10.9 pp |
| 2017 | -108.4% | $64.86 Million | $-59.83 Million | $92.02 Million | $27.16 Million | — |