Itaú Unibanco Holding S.A. (ITUB3) — Working Capital to Net Assets Ratio
Itaú Unibanco Holding S.A. (ITUB3) has a Working Capital to Net Assets ratio of -199.6% as of March 2026. Working capital of R$-459.68 Billion (current assets of R$215.43 Billion minus current liabilities of R$675.11 Billion) is measured against net assets of R$230.33 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Itaú Unibanco Holding S.A. (ITUB3) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Itaú Unibanco Holding S.A. Working Capital to Net Assets (2000–2025)
This chart shows how Itaú Unibanco Holding S.A.'s Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at -199.6%, reflecting working capital of R$-459.68 Billion against net assets of R$230.33 Billion BRL. See ITUB3 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Itaú Unibanco Holding S.A. (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Itaú Unibanco Holding S.A. from 2000 to 2025, covering 26 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see ITUB3 market cap overview.
| Year | WC/NA Ratio | Working Capital (BRL) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -62.2% | R$-133.86 Billion | R$215.08 Billion | R$452.20 Billion | R$586.06 Billion | ▲ +367.8 pp |
| 2024 | -430.1% | R$-951.70 Billion | R$221.28 Billion | R$746.18 Billion | R$1.70 Trillion | ▼ -315.3 pp |
| 2023 | -114.8% | R$-228.41 Billion | R$199.05 Billion | R$612.91 Billion | R$841.32 Billion | ▼ -262.4 pp |
| 2022 | 147.6% | R$261.85 Billion | R$177.34 Billion | R$410.15 Billion | R$148.31 Billion | ▼ -26.3 pp |
| 2021 | 174.0% | R$286.16 Billion | R$164.48 Billion | R$390.96 Billion | R$104.81 Billion | ▲ +7.9 pp |
| 2020 | 166.1% | R$256.70 Billion | R$154.53 Billion | R$358.83 Billion | R$102.14 Billion | ▲ +88.3 pp |
| 2019 | 77.9% | R$116.37 Billion | R$149.47 Billion | R$242.90 Billion | R$126.54 Billion | ▼ -548.1 pp |
| 2018 | 625.9% | R$941.84 Billion | R$150.47 Billion | R$1.03 Trillion | R$84.23 Billion | ▲ +29.8 pp |
| 2017 | 596.2% | R$882.38 Billion | R$148.01 Billion | R$984.15 Billion | R$101.77 Billion | ▼ -25.5 pp |
| 2016 | 621.7% | R$838.16 Billion | R$134.81 Billion | R$934.54 Billion | R$96.38 Billion | ▼ -88.5 pp |
| 2015 | 710.3% | R$810.12 Billion | R$114.06 Billion | R$908.43 Billion | R$98.31 Billion | ▼ -14.2 pp |
| 2014 | 724.5% | R$728.93 Billion | R$100.62 Billion | R$806.19 Billion | R$77.26 Billion | ▼ -32.3 pp |
| 2013 | 756.8% | R$637.16 Billion | R$84.19 Billion | R$705.53 Billion | R$68.37 Billion | ▼ -23.3 pp |
| 2012 | 780.1% | R$592.83 Billion | R$76.00 Billion | R$659.55 Billion | R$66.72 Billion | ▲ +81.5 pp |
| 2011 | 698.6% | R$526.30 Billion | R$75.34 Billion | R$593.47 Billion | R$67.17 Billion | ▲ +93.8 pp |
| 2010 | 604.8% | R$390.78 Billion | R$64.61 Billion | R$517.88 Billion | R$127.10 Billion | ▼ -45.0 pp |
| 2009 | 649.8% | R$352.36 Billion | R$54.22 Billion | R$436.36 Billion | R$84.00 Billion | ▼ -19.2 pp |
| 2008 | 669.0% | R$238.38 Billion | R$35.63 Billion | R$292.66 Billion | R$54.28 Billion | ▲ +254.0 pp |
| 2007 | 415.1% | R$152.34 Billion | R$36.70 Billion | R$200.06 Billion | R$47.72 Billion | ▲ +30.1 pp |
| 2006 | 384.9% | R$110.77 Billion | R$28.78 Billion | R$141.68 Billion | R$30.91 Billion | ▼ -70.3 pp |
| 2005 | 455.2% | R$89.78 Billion | R$19.72 Billion | R$107.20 Billion | R$17.42 Billion | ▲ +35.4 pp |
| 2004 | 419.8% | R$74.53 Billion | R$17.75 Billion | R$86.89 Billion | R$12.36 Billion | ▼ -21.6 pp |
| 2003 | 441.5% | R$63.53 Billion | R$14.39 Billion | R$75.92 Billion | R$12.39 Billion | ▼ -43.1 pp |
| 2002 | 484.6% | R$55.37 Billion | R$11.43 Billion | R$64.73 Billion | R$9.36 Billion | ▲ +467.3 pp |
| 2001 | 17.3% | R$1.52 Billion | R$8.77 Billion | R$9.33 Billion | R$7.81 Billion | ▼ -266.6 pp |
| 2000 | 283.9% | R$20.40 Billion | R$7.19 Billion | R$25.98 Billion | R$5.57 Billion | — |