Nike Inc (NKE) — Working Capital to Net Assets Ratio
Nike Inc (NKE) has a Working Capital to Net Assets ratio of 87.6% as of February 2026. Working capital of $12.35 Billion (current assets of $23.18 Billion minus current liabilities of $10.84 Billion) is measured against net assets of $14.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nike Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nike Inc Working Capital to Net Assets (1986–2025)
This chart shows how Nike Inc's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 87.6%, reflecting working capital of $12.35 Billion against net assets of $14.09 Billion USD. For the complete balance sheet picture, see Nike Inc assets under control.
Annual Working Capital to Net Assets for Nike Inc (1986–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nike Inc from 1986 to 2025, covering 40 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 NKE asset resilience 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) |
|---|---|---|---|---|---|---|
| 2025 | 96.8% | $12.80 Billion | $13.21 Billion | $23.36 Billion | $10.57 Billion | ▼ -5.6 pp |
| 2024 | 102.5% | $14.79 Billion | $14.43 Billion | $25.38 Billion | $10.59 Billion | ▼ -11.4 pp |
| 2023 | 113.9% | $15.95 Billion | $14.00 Billion | $25.20 Billion | $9.26 Billion | ▼ -0.5 pp |
| 2022 | 114.4% | $17.48 Billion | $15.28 Billion | $28.21 Billion | $10.73 Billion | ▼ -15.7 pp |
| 2021 | 130.2% | $16.62 Billion | $12.77 Billion | $26.29 Billion | $9.67 Billion | ▼ -22.2 pp |
| 2020 | 152.4% | $12.27 Billion | $8.05 Billion | $20.56 Billion | $8.28 Billion | ▲ +56.6 pp |
| 2019 | 95.8% | $8.66 Billion | $9.04 Billion | $16.52 Billion | $7.87 Billion | ▲ +3.1 pp |
| 2018 | 92.7% | $9.09 Billion | $9.81 Billion | $15.13 Billion | $6.04 Billion | ▲ +7.4 pp |
| 2017 | 85.3% | $10.59 Billion | $12.41 Billion | $16.06 Billion | $5.47 Billion | ▲ +6.5 pp |
| 2016 | 78.9% | $9.67 Billion | $12.26 Billion | $15.03 Billion | $5.36 Billion | ▲ +3.0 pp |
| 2015 | 75.9% | $9.64 Billion | $12.71 Billion | $15.98 Billion | $6.33 Billion | ▼ -4.2 pp |
| 2014 | 80.1% | $8.67 Billion | $10.82 Billion | $13.70 Billion | $5.03 Billion | ▼ -6.9 pp |
| 2013 | 86.9% | $9.70 Billion | $11.16 Billion | $13.63 Billion | $3.93 Billion | ▲ +13.1 pp |
| 2012 | 73.8% | $7.67 Billion | $10.38 Billion | $11.53 Billion | $3.87 Billion | ▼ -0.7 pp |
| 2011 | 74.6% | $7.34 Billion | $9.84 Billion | $11.30 Billion | $3.96 Billion | ▼ -3.3 pp |
| 2010 | 77.9% | $7.59 Billion | $9.75 Billion | $10.96 Billion | $3.36 Billion | ▲ +3.6 pp |
| 2009 | 74.3% | $6.46 Billion | $8.69 Billion | $9.73 Billion | $3.28 Billion | ▲ +3.8 pp |
| 2008 | 70.5% | $5.52 Billion | $7.83 Billion | $8.84 Billion | $3.32 Billion | ▼ -7.7 pp |
| 2007 | 78.2% | $5.49 Billion | $7.03 Billion | $8.08 Billion | $2.58 Billion | ▲ +2.8 pp |
| 2006 | 75.3% | $4.74 Billion | $6.29 Billion | $7.36 Billion | $2.62 Billion | ▼ -1.8 pp |
| 2005 | 77.1% | $4.35 Billion | $5.64 Billion | $6.35 Billion | $2.00 Billion | ▲ +3.8 pp |
| 2004 | 73.3% | $3.50 Billion | $4.78 Billion | $5.51 Billion | $2.01 Billion | ▲ +6.5 pp |
| 2003 | 66.8% | $2.66 Billion | $3.99 Billion | $4.68 Billion | $2.02 Billion | ▲ +6.3 pp |
| 2002 | 60.5% | $2.32 Billion | $3.84 Billion | $4.16 Billion | $1.84 Billion | ▲ +7.9 pp |
| 2001 | 52.6% | $1.84 Billion | $3.49 Billion | $3.63 Billion | $1.79 Billion | ▲ +6.2 pp |
| 2000 | 46.4% | $1.46 Billion | $3.14 Billion | $3.60 Billion | $2.14 Billion | ▼ -8.1 pp |
| 1999 | 54.5% | $1.82 Billion | $3.33 Billion | $3.26 Billion | $1.45 Billion | ▼ -1.6 pp |
| 1998 | 56.1% | $1.83 Billion | $3.26 Billion | $3.53 Billion | $1.70 Billion | ▼ -6.2 pp |
| 1997 | 62.2% | $1.96 Billion | $3.16 Billion | $3.83 Billion | $1.87 Billion | ▲ +10.4 pp |
| 1996 | 51.8% | $1.26 Billion | $2.43 Billion | $2.73 Billion | $1.47 Billion | ▲ +4.1 pp |
| 1995 | 47.8% | $938.40 Million | $1.97 Billion | $2.05 Billion | $1.11 Billion | ▼ -21.6 pp |
| 1994 | 69.4% | $1.21 Billion | $1.74 Billion | $1.77 Billion | $562.00 Million | ▼ -1.5 pp |
| 1993 | 70.9% | $1.17 Billion | $1.65 Billion | $1.62 Billion | $452.70 Million | ▼ -1.7 pp |
| 1992 | 72.6% | $967.20 Million | $1.33 Billion | $1.39 Billion | $420.60 Million | ▲ +9.5 pp |
| 1991 | 63.1% | $651.90 Million | $1.03 Billion | $1.28 Billion | $628.40 Million | ▼ -8.9 pp |
| 1990 | 72.0% | $564.50 Million | $784.50 Million | $837.70 Million | $273.20 Million | ▼ -3.2 pp |
| 1989 | 75.2% | $422.50 Million | $562.10 Million | $638.40 Million | $215.90 Million | ▲ +2.6 pp |
| 1988 | 72.6% | $298.80 Million | $411.80 Million | $553.60 Million | $254.80 Million | ▼ -23.7 pp |
| 1987 | 96.2% | $325.20 Million | $338.00 Million | $449.30 Million | $124.10 Million | ▲ +8.2 pp |
| 1986 | 88.0% | $278.70 Million | $316.80 Million | $411.50 Million | $132.80 Million | — |