CPFL Energia S.A (CPFE3) — Working Capital to Net Assets Ratio
CPFL Energia S.A (CPFE3) has a Working Capital to Net Assets ratio of -5.9% as of June 2026. Working capital of R$-1.40 Billion (current assets of R$17.20 Billion minus current liabilities of R$18.60 Billion) is measured against net assets of R$23.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See CPFL Energia S.A (CPFE3) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CPFL Energia S.A Working Capital to Net Assets (2002–2025)
This chart shows how CPFL Energia S.A's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at -5.9%, reflecting working capital of R$-1.40 Billion against net assets of R$23.67 Billion BRL. For the complete balance sheet picture, see total assets of CPFL Energia S.A.
Annual Working Capital to Net Assets for CPFL Energia S.A (2002–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for CPFL Energia S.A from 2002 to 2025, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check CPFL Energia S.A asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.4% | R$-1.26 Billion | R$23.50 Billion | R$16.62 Billion | R$17.88 Billion | ▼ -1.6 pp |
| 2024 | -3.8% | R$-818.99 Million | R$21.80 Billion | R$16.55 Billion | R$17.37 Billion | ▲ +4.8 pp |
| 2023 | -8.6% | R$-1.71 Billion | R$20.00 Billion | R$18.05 Billion | R$19.76 Billion | ▼ -10.3 pp |
| 2022 | 1.7% | R$300.87 Million | R$17.54 Billion | R$15.18 Billion | R$14.88 Billion | ▼ -14.0 pp |
| 2021 | 15.7% | R$2.64 Billion | R$16.81 Billion | R$15.55 Billion | R$12.91 Billion | ▲ +19.9 pp |
| 2020 | -4.2% | R$-594.15 Million | R$14.24 Billion | R$13.81 Billion | R$14.41 Billion | ▼ -6.2 pp |
| 2019 | 2.1% | R$274.72 Million | R$13.28 Billion | R$10.34 Billion | R$10.07 Billion | ▼ -5.8 pp |
| 2018 | 7.9% | R$987.18 Million | R$12.53 Billion | R$9.40 Billion | R$8.42 Billion | ▲ +23.9 pp |
| 2017 | -16.1% | R$-1.80 Billion | R$11.19 Billion | R$9.58 Billion | R$11.38 Billion | ▼ -38.8 pp |
| 2016 | 22.8% | R$2.36 Billion | R$10.37 Billion | R$11.38 Billion | R$9.02 Billion | ▼ -6.7 pp |
| 2015 | 29.5% | R$2.98 Billion | R$10.13 Billion | R$12.51 Billion | R$9.52 Billion | ▲ +10.3 pp |
| 2014 | 19.1% | R$1.80 Billion | R$9.40 Billion | R$9.21 Billion | R$7.42 Billion | ▼ -7.7 pp |
| 2013 | 26.8% | R$2.36 Billion | R$8.80 Billion | R$7.26 Billion | R$4.91 Billion | ▲ +19.5 pp |
| 2012 | 7.3% | R$575.49 Million | R$7.89 Billion | R$5.54 Billion | R$4.97 Billion | ▼ -2.8 pp |
| 2011 | 10.1% | R$863.62 Million | R$8.55 Billion | R$5.36 Billion | R$4.50 Billion | ▲ +18.0 pp |
| 2010 | -7.9% | R$-530.14 Million | R$6.75 Billion | R$3.90 Billion | R$4.43 Billion | ▼ -11.3 pp |
| 2009 | 3.5% | R$226.36 Million | R$6.54 Billion | R$3.65 Billion | R$3.42 Billion | ▲ +13.8 pp |
| 2008 | -10.4% | R$-529.70 Million | R$5.11 Billion | R$3.71 Billion | R$4.24 Billion | ▼ -7.6 pp |
| 2007 | -2.8% | R$-141.46 Million | R$5.04 Billion | R$4.08 Billion | R$4.22 Billion | ▼ -1.0 pp |
| 2006 | -1.8% | R$-89.33 Million | R$4.86 Billion | R$3.69 Billion | R$3.78 Billion | ▲ +5.9 pp |
| 2005 | -7.7% | R$-368.76 Million | R$4.79 Billion | R$3.77 Billion | R$4.14 Billion | ▼ -11.9 pp |
| 2004 | 4.2% | R$174.56 Million | R$4.16 Billion | R$3.22 Billion | R$3.05 Billion | ▲ +8.0 pp |
| 2003 | -3.8% | R$-136.74 Million | R$3.57 Billion | R$2.37 Billion | R$2.50 Billion | ▲ +84.7 pp |
| 2002 | -88.5% | R$-2.05 Billion | R$2.31 Billion | R$2.82 Billion | R$4.87 Billion | — |