Travel + Leisure Co (TNL) — Working Capital to Net Assets Ratio
Travel + Leisure Co (TNL) has a Working Capital to Net Assets ratio of -20.7% as of March 2026. Working capital of $212.00 Million (current assets of $1.59 Billion minus current liabilities of $1.38 Billion) is measured against net assets of $-1.02 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TNL days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Travel + Leisure Co Working Capital to Net Assets (2005–2025)
This chart shows how Travel + Leisure Co's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of March 2026, the ratio stands at -20.7%, reflecting working capital of $212.00 Million against net assets of $-1.02 Billion USD. For the complete balance sheet picture, see balance sheet size of Travel + Leisure Co.
Annual Working Capital to Net Assets for Travel + Leisure Co (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Travel + Leisure Co from 2005 to 2025, covering 21 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 asset resilience ratio of Travel + Leisure Co 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 | -61.2% | $601.00 Million | $-982.00 Million | $1.55 Billion | $945.00 Million | ▲ +348.8 pp |
| 2024 | -410.0% | $3.61 Billion | $-880.00 Million | $4.78 Billion | $1.17 Billion | ▼ -18.6 pp |
| 2023 | -391.4% | $3.59 Billion | $-917.00 Million | $4.76 Billion | $1.17 Billion | ▲ +9.2 pp |
| 2022 | -400.6% | $3.62 Billion | $-904.00 Million | $4.76 Billion | $1.14 Billion | ▲ +18.7 pp |
| 2021 | -419.3% | $3.33 Billion | $-794.00 Million | $4.49 Billion | $1.16 Billion | ▲ +87.1 pp |
| 2020 | -506.4% | $4.90 Billion | $-968.00 Million | $5.62 Billion | $715.00 Million | ▲ +266.3 pp |
| 2019 | -772.7% | $4.05 Billion | $-524.00 Million | $5.36 Billion | $1.31 Billion | ▼ -143.2 pp |
| 2018 | -629.5% | $3.58 Billion | $-569.00 Million | $5.23 Billion | $1.65 Billion | ▼ -1248.9 pp |
| 2017 | 619.4% | $5.47 Billion | $883.00 Million | $8.38 Billion | $2.91 Billion | ▲ +660.3 pp |
| 2016 | -40.9% | $-294.00 Million | $718.00 Million | $1.74 Billion | $2.03 Billion | ▼ -10.4 pp |
| 2015 | -30.5% | $-291.00 Million | $953.00 Million | $1.67 Billion | $1.96 Billion | ▼ -24.1 pp |
| 2014 | -6.4% | $-81.00 Million | $1.26 Billion | $1.78 Billion | $1.86 Billion | ▼ -13.3 pp |
| 2013 | 6.9% | $112.00 Million | $1.62 Billion | $1.85 Billion | $1.74 Billion | ▲ +12.1 pp |
| 2012 | -5.2% | $-101.00 Million | $1.93 Billion | $1.83 Billion | $1.93 Billion | ▼ -11.5 pp |
| 2011 | 6.3% | $140.00 Million | $2.23 Billion | $1.70 Billion | $1.56 Billion | ▲ +0.2 pp |
| 2010 | 6.1% | $177.00 Million | $2.92 Billion | $1.75 Billion | $1.57 Billion | ▲ +11.5 pp |
| 2009 | -5.4% | $-145.00 Million | $2.69 Billion | $1.74 Billion | $1.89 Billion | ▲ +5.5 pp |
| 2008 | -10.9% | $-255.00 Million | $2.34 Billion | $1.91 Billion | $2.17 Billion | ▼ -7.4 pp |
| 2007 | -3.5% | $-124.00 Million | $3.52 Billion | $2.06 Billion | $2.18 Billion | ▼ -5.6 pp |
| 2006 | 2.1% | $75.00 Million | $3.56 Billion | $2.05 Billion | $1.98 Billion | ▼ -23.2 pp |
| 2005 | 25.3% | $1.27 Billion | $5.03 Billion | $2.57 Billion | $1.29 Billion | — |