Nestle S.A. (NESN) — Working Capital to Net Assets Ratio
Nestle S.A. (NESN) has a Working Capital to Net Assets ratio of -26.1% as of June 2026. Working capital of CHF-7.71 Billion (current assets of CHF37.58 Billion minus current liabilities of CHF45.29 Billion) is measured against net assets of CHF29.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NESN days of operational coverage to measure how many days the company can operate on defensive assets alone.
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 June 2026, the ratio stands at -26.1%, reflecting working capital of CHF-7.71 Billion against net assets of CHF29.50 Billion CHF. For the complete balance sheet picture, see Nestle S.A. assets under control.
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. Check NESN asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |