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 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see total assets of Cloudflare Inc.
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. Check NET cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |