Nestle S.A. (NESN) — Working Capital to Net Assets Ratio
Nestle S.A. (NESN) has a Working Capital to Net Assets ratio of -26.4% as of December 2025. Working capital of CHF-8.72 Billion (current assets of CHF31.97 Billion minus current liabilities of CHF40.69 Billion) is measured against net assets of CHF33.06 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Nestle S.A. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nestle S.A. Working Capital to Net Assets (1998–2025)
This chart shows how Nestle S.A.'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 -26.4%, reflecting working capital of CHF-8.72 Billion against net assets of CHF33.06 Billion CHF. Check Nestle S.A. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nestle S.A. (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nestle S.A. 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 Nestle S.A. (NESN) market capitalisation.
| Year | WC/NA Ratio | Working Capital (CHF) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -26.4% | CHF-8.72 Billion | CHF33.06 Billion | CHF31.97 Billion | CHF40.69 Billion | ▼ -5.5 pp |
| 2024 | -20.9% | CHF-7.67 Billion | CHF36.69 Billion | CHF35.19 Billion | CHF42.86 Billion | ▼ -3.8 pp |
| 2023 | -17.1% | CHF-6.23 Billion | CHF36.39 Billion | CHF30.86 Billion | CHF37.08 Billion | ▼ -5.6 pp |
| 2022 | -11.5% | CHF-4.91 Billion | CHF42.79 Billion | CHF35.06 Billion | CHF39.98 Billion | ▼ -10.1 pp |
| 2021 | -1.4% | CHF-763.00 Million | CHF53.73 Billion | CHF39.26 Billion | CHF40.02 Billion | ▲ +10.7 pp |
| 2020 | -12.2% | CHF-5.65 Billion | CHF46.51 Billion | CHF34.07 Billion | CHF39.72 Billion | ▼ -0.9 pp |
| 2019 | -11.3% | CHF-5.95 Billion | CHF52.86 Billion | CHF35.66 Billion | CHF41.62 Billion | ▼ -7.8 pp |
| 2018 | -3.5% | CHF-2.03 Billion | CHF58.40 Billion | CHF41.00 Billion | CHF43.03 Billion | ▲ +6.7 pp |
| 2017 | -10.1% | CHF-6.30 Billion | CHF62.23 Billion | CHF31.88 Billion | CHF38.19 Billion | ▼ -1.8 pp |
| 2016 | -8.3% | CHF-5.47 Billion | CHF65.98 Billion | CHF32.04 Billion | CHF37.52 Billion | ▼ -2.2 pp |
| 2015 | -6.1% | CHF-3.89 Billion | CHF63.99 Billion | CHF29.43 Billion | CHF33.32 Billion | ▼ -7.6 pp |
| 2014 | 1.5% | CHF1.07 Billion | CHF71.88 Billion | CHF33.96 Billion | CHF32.90 Billion | ▲ +5.9 pp |
| 2013 | -4.4% | CHF-2.85 Billion | CHF64.14 Billion | CHF30.07 Billion | CHF32.92 Billion | ▲ +2.9 pp |
| 2012 | -7.3% | CHF-4.58 Billion | CHF62.66 Billion | CHF34.02 Billion | CHF38.60 Billion | ▼ -4.0 pp |
| 2011 | -3.3% | CHF-1.91 Billion | CHF58.27 Billion | CHF33.32 Billion | CHF35.23 Billion | ▼ -17.4 pp |
| 2010 | 14.1% | CHF8.85 Billion | CHF62.60 Billion | CHF39.00 Billion | CHF30.15 Billion | ▲ +7.1 pp |
| 2009 | 7.1% | CHF3.79 Billion | CHF53.63 Billion | CHF39.87 Billion | CHF36.08 Billion | ▲ +7.4 pp |
| 2008 | -0.3% | CHF-175.00 Million | CHF54.92 Billion | CHF33.05 Billion | CHF33.22 Billion | ▲ +13.6 pp |
| 2007 | -13.9% | CHF-7.56 Billion | CHF54.23 Billion | CHF35.77 Billion | CHF43.33 Billion | ▼ -19.3 pp |
| 2006 | 5.3% | CHF2.83 Billion | CHF52.85 Billion | CHF35.30 Billion | CHF32.48 Billion | ▼ -6.6 pp |
| 2005 | 12.0% | CHF5.95 Billion | CHF49.75 Billion | CHF41.77 Billion | CHF35.82 Billion | ▼ -3.4 pp |
| 2004 | 15.3% | CHF6.17 Billion | CHF40.28 Billion | CHF35.28 Billion | CHF29.12 Billion | ▼ -0.2 pp |
| 2003 | 15.5% | CHF5.87 Billion | CHF37.82 Billion | CHF36.23 Billion | CHF30.36 Billion | ▲ +11.0 pp |
| 2002 | 4.5% | CHF1.60 Billion | CHF35.63 Billion | CHF35.34 Billion | CHF33.74 Billion | ▲ +11.7 pp |
| 2001 | -7.1% | CHF-2.45 Billion | CHF34.23 Billion | CHF39.05 Billion | CHF41.49 Billion | ▼ -32.0 pp |
| 2000 | 24.8% | CHF7.57 Billion | CHF30.51 Billion | CHF30.75 Billion | CHF23.17 Billion | ▲ +5.4 pp |
| 1999 | 19.4% | CHF4.99 Billion | CHF25.70 Billion | CHF27.17 Billion | CHF22.18 Billion | ▲ +2.1 pp |
| 1998 | 17.3% | CHF4.09 Billion | CHF23.68 Billion | CHF26.68 Billion | CHF22.59 Billion | — |