Progressive Corp Working Capital to Net Assets Ratio
Progressive Corp working capital to net assets ratio. Progressive Corp (PGR) has a Working Capital to Net Assets ratio of -182.7% as of March 2026. Working capital of $-62.73 Billion (current assets of $19.48 Billion minus current liabilities of $82.20 Billion) is measured against net assets of $34.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check how tangible is Progressive Corp's equity to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Progressive Corp (1994–2025)
Working capital to net assets ratio of Progressive Corp from 1994 to 2025. This chart shows how Progressive Corp's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at -182.7%, reflecting working capital of $-62.73 Billion against net assets of $34.33 Billion USD. See how many days can Progressive Corp fund operations to measure how many days the company can operate on defensive assets alone.
Progressive Corp Working Capital to Net Assets Ratio by Year (1994–2025)
Progressive Corp working capital to net assets ratio by year from 1994 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Progressive Corp from 1994 to 2025, 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 the complete balance sheet picture, see Progressive Corp balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -93.6% | $-28.37 Billion | $30.32 Billion | $40.16 Billion | $68.53 Billion | ▲ +61.2 pp |
| 2024 | -154.7% | $-39.59 Billion | $25.59 Billion | $23.32 Billion | $62.91 Billion | ▼ -278.2 pp |
| 2023 | 123.5% | $25.03 Billion | $20.28 Billion | $79.56 Billion | $54.52 Billion | ▼ -258.7 pp |
| 2022 | 382.2% | $60.73 Billion | $15.89 Billion | $66.26 Billion | $5.53 Billion | ▲ +174.0 pp |
| 2021 | 208.2% | $37.95 Billion | $18.23 Billion | $59.20 Billion | $21.24 Billion | ▲ +5.1 pp |
| 2020 | 203.1% | $34.60 Billion | $17.04 Billion | $54.21 Billion | $19.60 Billion | ▼ -12.4 pp |
| 2019 | 215.5% | $29.47 Billion | $13.67 Billion | $45.80 Billion | $16.33 Billion | ▲ +427.9 pp |
| 2018 | -212.4% | $-22.99 Billion | $10.82 Billion | $8.36 Billion | $31.35 Billion | ▼ -23.1 pp |
| 2017 | -189.3% | $-17.58 Billion | $9.28 Billion | $8.56 Billion | $26.14 Billion | ▼ -13.0 pp |
| 2016 | -176.3% | $-14.03 Billion | $7.96 Billion | $8.29 Billion | $22.32 Billion | ▲ +8.0 pp |
| 2015 | -184.3% | $-13.44 Billion | $7.29 Billion | $6.38 Billion | $19.82 Billion | ▼ -27.0 pp |
| 2014 | -157.3% | $-10.90 Billion | $6.93 Billion | $5.79 Billion | $16.69 Billion | ▼ -423.7 pp |
| 2013 | 266.4% | $16.49 Billion | $6.19 Billion | $18.27 Billion | $1.78 Billion | ▲ +257.9 pp |
| 2012 | 8.5% | $511.90 Million | $6.01 Billion | $15.14 Billion | $14.62 Billion | ▼ -236.0 pp |
| 2011 | 244.5% | $14.20 Billion | $5.81 Billion | $16.47 Billion | $2.27 Billion | ▲ +174.8 pp |
| 2010 | 69.7% | $4.22 Billion | $6.05 Billion | $4.27 Billion | $48.70 Million | ▲ +4.9 pp |
| 2009 | 64.8% | $3.73 Billion | $5.75 Billion | $3.76 Billion | $36.50 Million | ▼ -21.2 pp |
| 2008 | 86.1% | $3.63 Billion | $4.22 Billion | $3.63 Billion | $67.60 | ▲ +28.2 pp |
| 2007 | 57.8% | $2.85 Billion | $4.94 Billion | $2.85 Billion | $46.00 | ▲ +11.4 pp |
| 2006 | 46.4% | $3.17 Billion | $6.85 Billion | $3.17 Billion | $7.50 | ▲ +15.7 pp |
| 2005 | 30.7% | $1.87 Billion | $6.11 Billion | $3.38 Billion | $1.51 Billion | ▼ -17.4 pp |
| 2004 | 48.1% | $2.48 Billion | $5.16 Billion | $3.80 Billion | $1.32 Billion | ▲ +11.6 pp |
| 2003 | 36.5% | $1.84 Billion | $5.03 Billion | $3.13 Billion | $1.29 Billion | ▼ -27.8 pp |
| 2002 | 64.3% | $2.42 Billion | $3.77 Billion | $2.42 Billion | $75.60 | ▲ +2.4 pp |
| 2001 | 62.0% | $2.01 Billion | $3.25 Billion | $2.01 Billion | $45.90 | ▲ +213.1 pp |
| 2000 | -151.1% | $-4.34 Billion | $2.87 Billion | $2.10 Billion | $6.43 Billion | ▼ -21.9 pp |
| 1999 | -129.2% | $-3.56 Billion | $2.75 Billion | $2.35 Billion | $5.90 Billion | ▼ -17.6 pp |
| 1998 | -111.6% | $-2.85 Billion | $2.56 Billion | $2.28 Billion | $5.13 Billion | ▲ +12.8 pp |
| 1997 | -124.4% | $-2.66 Billion | $2.14 Billion | $1.99 Billion | $4.65 Billion | ▲ +15.1 pp |
| 1996 | -139.5% | $-2.34 Billion | $1.68 Billion | $1.39 Billion | $3.73 Billion | ▼ -15.9 pp |
| 1995 | -123.6% | $-1.82 Billion | $1.48 Billion | $1.38 Billion | $3.20 Billion | ▲ +10.9 pp |
| 1994 | -134.5% | $-1.55 Billion | $1.15 Billion | $1.30 Billion | $2.85 Billion | — |