U.S. Bancorp Working Capital to Net Assets Ratio
U.S. Bancorp working capital to net assets ratio. U.S. Bancorp (USB) has a Working Capital to Net Assets ratio of 42.9% as of June 2026. Working capital of $29.15 Billion (current assets of $66.49 Billion minus current liabilities of $37.34 Billion) is measured against net assets of $67.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check USB tangible net worth ratio 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 U.S. Bancorp (1989–2025)
Working capital to net assets ratio of U.S. Bancorp from 1989 to 2025. This chart shows how U.S. Bancorp's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of June 2026, the ratio stands at 42.9%, reflecting working capital of $29.15 Billion against net assets of $67.89 Billion USD. See USB cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
U.S. Bancorp Working Capital to Net Assets Ratio by Year (1989–2025)
U.S. Bancorp working capital to net assets ratio by year from 1989 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for U.S. Bancorp from 1989 to 2025, covering 37 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 U.S. Bancorp asset portfolio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -611.8% | $-401.65 Billion | $65.65 Billion | $137.73 Billion | $539.38 Billion | ▲ +36.4 pp |
| 2024 | -648.2% | $-382.69 Billion | $59.04 Billion | $151.14 Billion | $533.83 Billion | ▲ +48.8 pp |
| 2023 | -696.9% | $-388.69 Billion | $55.77 Billion | $138.90 Billion | $527.59 Billion | ▲ +123.9 pp |
| 2022 | -820.8% | $-420.52 Billion | $51.23 Billion | $135.68 Billion | $556.19 Billion | ▼ -289.6 pp |
| 2021 | -531.2% | $-294.20 Billion | $55.39 Billion | $173.68 Billion | $467.88 Billion | ▼ -105.3 pp |
| 2020 | -425.9% | $-228.81 Billion | $53.73 Billion | $212.72 Billion | $441.54 Billion | ▲ +6.1 pp |
| 2019 | -432.0% | $-226.71 Billion | $52.48 Billion | $158.93 Billion | $385.64 Billion | ▲ +71.3 pp |
| 2018 | -503.2% | $-259.96 Billion | $51.66 Billion | $99.65 Billion | $359.61 Billion | ▲ +26.9 pp |
| 2017 | -530.2% | $-263.32 Billion | $49.67 Billion | $100.54 Billion | $363.87 Billion | ▲ +2.9 pp |
| 2016 | -533.1% | $-255.54 Billion | $47.93 Billion | $93.01 Billion | $348.55 Billion | ▼ -8.5 pp |
| 2015 | -524.7% | $-245.63 Billion | $46.82 Billion | $82.64 Billion | $328.28 Billion | ▲ +7.4 pp |
| 2014 | -532.0% | $-234.98 Billion | $44.17 Billion | $77.64 Billion | $312.63 Billion | ▲ +18.7 pp |
| 2013 | -550.7% | $-230.22 Billion | $41.81 Billion | $59.51 Billion | $289.73 Billion | ▼ -8.7 pp |
| 2012 | -542.0% | $-218.24 Billion | $40.27 Billion | $57.25 Billion | $275.49 Billion | ▲ +4.9 pp |
| 2011 | -546.9% | $-191.25 Billion | $34.97 Billion | $70.10 Billion | $261.35 Billion | ▼ -18.8 pp |
| 2010 | -528.1% | $-160.12 Billion | $30.32 Billion | $76.69 Billion | $236.81 Billion | ▲ +44.0 pp |
| 2009 | -572.1% | $-152.52 Billion | $26.66 Billion | $62.03 Billion | $214.55 Billion | ▼ -72.6 pp |
| 2008 | -499.5% | $-135.02 Billion | $27.03 Billion | $58.31 Billion | $193.33 Billion | ▼ -25.8 pp |
| 2007 | -473.6% | $-99.68 Billion | $21.05 Billion | $64.14 Billion | $163.81 Billion | ▼ -46.0 pp |
| 2006 | -427.6% | $-90.64 Billion | $21.20 Billion | $61.18 Billion | $151.81 Billion | ▼ -5.4 pp |
| 2005 | -422.2% | $-84.81 Billion | $20.09 Billion | $60.10 Billion | $144.91 Billion | ▲ +230.3 pp |
| 2004 | -652.5% | $-127.49 Billion | $19.54 Billion | $6.34 Billion | $133.82 Billion | ▼ -22.2 pp |
| 2003 | -630.2% | $-121.27 Billion | $19.24 Billion | $8.63 Billion | $129.90 Billion | ▲ +5.9 pp |
| 2002 | -636.1% | $-115.14 Billion | $18.10 Billion | $11.19 Billion | $126.33 Billion | ▲ +50.2 pp |
| 2001 | -686.3% | $-112.97 Billion | $16.46 Billion | $9.74 Billion | $122.72 Billion | ▲ +63.0 pp |
| 2000 | -749.3% | $-113.65 Billion | $15.17 Billion | $9.66 Billion | $123.31 Billion | ▼ -103.6 pp |
| 1999 | -645.7% | $-49.32 Billion | $7.64 Billion | $4.47 Billion | $53.79 Billion | ▲ +207.7 pp |
| 1998 | -853.3% | $-56.35 Billion | $6.60 Billion | $4.61 Billion | $60.96 Billion | ▲ +80.1 pp |
| 1997 | -933.5% | $-25.67 Billion | $2.75 Billion | $2.23 Billion | $27.90 Billion | ▲ +30.0 pp |
| 1996 | -963.5% | $-8.24 Billion | $855.10 Million | $559.00 Million | $8.80 Billion | ▲ +4.9 pp |
| 1995 | -968.4% | $-7.94 Billion | $820.20 Million | $486.20 Million | $8.43 Billion | ▲ +133.3 pp |
| 1994 | -1101.7% | $-7.91 Billion | $718.20 Million | $486.10 Million | $8.40 Billion | ▼ -205.0 pp |
| 1993 | -896.7% | $-20.13 Billion | $2.25 Billion | $1.87 Billion | $22.00 Billion | ▼ -46.6 pp |
| 1992 | -850.1% | $-19.70 Billion | $2.32 Billion | $2.48 Billion | $22.19 Billion | ▲ +105.2 pp |
| 1991 | -955.3% | $-5.30 Billion | $555.00 Million | $624.50 Million | $5.93 Billion | ▲ +28.3 pp |
| 1990 | -983.7% | $-4.92 Billion | $500.00 Million | $733.10 Million | $5.65 Billion | ▲ +19.7 pp |
| 1989 | -1003.4% | $-4.64 Billion | $462.50 Million | $670.70 Million | $5.31 Billion | — |