U.S. Bancorp (USB) — Working Capital to Net Assets Ratio
U.S. Bancorp (USB) has a Working Capital to Net Assets ratio of -744.5% as of September 2025. Working capital of $-474.96 Billion (current assets of $66.64 Billion minus current liabilities of $541.60 Billion) is measured against net assets of $63.80 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See U.S. Bancorp (USB) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
U.S. Bancorp Working Capital to Net Assets (1989–2024)
This chart shows how U.S. Bancorp's Working Capital to Net Assets ratio has evolved across 36 annual periods from 1989 to 2024. As of September 2025, the ratio stands at -744.5%, reflecting working capital of $-474.96 Billion against net assets of $63.80 Billion USD. See USB days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for U.S. Bancorp (1989–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for U.S. Bancorp from 1989 to 2024, covering 36 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 U.S. Bancorp (USB) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |