United Parcel Service Inc (UPS) — Working Capital to Net Assets Ratio
United Parcel Service Inc (UPS) has a Working Capital to Net Assets ratio of 21.1% as of December 2025. Working capital of $3.42 Billion (current assets of $19.05 Billion minus current liabilities of $15.62 Billion) is measured against net assets of $16.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See UPS net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
United Parcel Service Inc Working Capital to Net Assets (1998–2025)
This chart shows how United Parcel Service Inc's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 21.1%, reflecting working capital of $3.42 Billion against net assets of $16.25 Billion USD. Check United Parcel Service Inc (UPS) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for United Parcel Service Inc (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for United Parcel Service Inc from 1998 to 2025, covering 28 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 United Parcel Service Inc market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 21.1% | $3.42 Billion | $16.25 Billion | $19.05 Billion | $15.62 Billion | ▲ +3.9 pp |
| 2024 | 17.1% | $2.87 Billion | $16.74 Billion | $19.31 Billion | $16.44 Billion | ▲ +7.1 pp |
| 2023 | 10.0% | $1.74 Billion | $17.31 Billion | $19.41 Billion | $17.68 Billion | ▼ -10.6 pp |
| 2022 | 20.6% | $4.08 Billion | $19.80 Billion | $22.22 Billion | $18.14 Billion | ▼ -31.0 pp |
| 2021 | 51.6% | $7.37 Billion | $14.27 Billion | $24.93 Billion | $17.57 Billion | ▼ -426.7 pp |
| 2020 | 478.3% | $3.20 Billion | $669.00 Million | $20.22 Billion | $17.02 Billion | ▲ +426.8 pp |
| 2019 | 51.5% | $1.69 Billion | $3.28 Billion | $17.10 Billion | $15.41 Billion | ▼ -2.7 pp |
| 2018 | 54.1% | $1.64 Billion | $3.04 Billion | $15.73 Billion | $14.09 Billion | ▼ -221.6 pp |
| 2017 | 275.7% | $2.84 Billion | $1.03 Billion | $15.55 Billion | $12.71 Billion | ▼ -81.6 pp |
| 2016 | 357.3% | $1.53 Billion | $429.00 Million | $13.39 Billion | $11.86 Billion | ▲ +256.5 pp |
| 2015 | 100.8% | $2.51 Billion | $2.49 Billion | $13.21 Billion | $10.70 Billion | ▼ -18.7 pp |
| 2014 | 119.5% | $2.58 Billion | $2.16 Billion | $11.22 Billion | $8.64 Billion | ▲ +23.1 pp |
| 2013 | 96.4% | $6.26 Billion | $6.49 Billion | $13.39 Billion | $7.13 Billion | ▼ -55.7 pp |
| 2012 | 152.1% | $7.20 Billion | $4.73 Billion | $15.59 Billion | $8.39 Billion | ▲ +71.0 pp |
| 2011 | 81.2% | $5.77 Billion | $7.11 Billion | $12.28 Billion | $6.51 Billion | ▲ +10.8 pp |
| 2010 | 70.4% | $5.67 Billion | $8.05 Billion | $11.57 Billion | $5.90 Billion | ▲ +31.0 pp |
| 2009 | 39.4% | $3.04 Billion | $7.70 Billion | $9.28 Billion | $6.24 Billion | ▲ +24.3 pp |
| 2008 | 15.2% | $1.03 Billion | $6.78 Billion | $8.85 Billion | $7.82 Billion | ▼ -0.6 pp |
| 2007 | 15.8% | $1.92 Billion | $12.18 Billion | $11.76 Billion | $9.84 Billion | ▼ -1.4 pp |
| 2006 | 17.2% | $2.66 Billion | $15.48 Billion | $9.38 Billion | $6.72 Billion | ▼ -6.1 pp |
| 2005 | 23.3% | $3.94 Billion | $16.88 Billion | $10.73 Billion | $6.79 Billion | ▼ -14.1 pp |
| 2004 | 37.4% | $6.12 Billion | $16.38 Billion | $12.61 Billion | $6.48 Billion | ▲ +7.5 pp |
| 2003 | 29.9% | $4.44 Billion | $14.85 Billion | $9.96 Billion | $5.52 Billion | ▲ +4.3 pp |
| 2002 | 25.6% | $3.18 Billion | $12.46 Billion | $8.74 Billion | $5.55 Billion | ▼ -3.4 pp |
| 2001 | 29.0% | $2.97 Billion | $10.25 Billion | $7.60 Billion | $4.63 Billion | ▲ +2.0 pp |
| 2000 | 26.9% | $2.62 Billion | $9.73 Billion | $7.12 Billion | $4.50 Billion | ▼ -21.1 pp |
| 1999 | 48.1% | $5.99 Billion | $12.47 Billion | $10.19 Billion | $4.20 Billion | ▲ +24.2 pp |
| 1998 | 23.8% | $1.71 Billion | $7.17 Billion | $5.42 Billion | $3.72 Billion | — |