Novartis AG Working Capital to Net Assets Ratio
Novartis AG working capital to net assets ratio. Novartis AG (NOVN) has a Working Capital to Net Assets ratio of -12.2% as of March 2026. Working capital of CHF-4.78 Billion (current assets of CHF26.69 Billion minus current liabilities of CHF31.47 Billion) is measured against net assets of CHF39.04 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Novartis AG to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Novartis AG (1998–2025)
Working capital to net assets ratio of Novartis AG from 1998 to 2025. This chart shows how Novartis AG's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at -12.2%, reflecting working capital of CHF-4.78 Billion against net assets of CHF39.04 Billion CHF. See defensive interval ratio of Novartis AG to measure how many days the company can operate on defensive assets alone.
Novartis AG Working Capital to Net Assets Ratio by Year (1998–2025)
Novartis AG working capital to net assets ratio by year from 1998 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Novartis AG 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 the complete balance sheet picture, see Novartis AG asset portfolio.
| Year | WC/NA Ratio | Working Capital (CHF) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 6.8% | CHF3.18 Billion | CHF46.52 Billion | CHF30.44 Billion | CHF27.26 Billion | ▲ +4.5 pp |
| 2024 | 2.3% | CHF1.01 Billion | CHF44.13 Billion | CHF29.70 Billion | CHF28.69 Billion | ▼ -6.5 pp |
| 2023 | 8.8% | CHF4.09 Billion | CHF46.75 Billion | CHF30.48 Billion | CHF26.39 Billion | ▼ -5.1 pp |
| 2022 | 13.9% | CHF8.25 Billion | CHF59.42 Billion | CHF36.91 Billion | CHF28.66 Billion | ▼ -9.0 pp |
| 2021 | 22.9% | CHF15.51 Billion | CHF67.82 Billion | CHF45.72 Billion | CHF30.21 Billion | ▲ +28.8 pp |
| 2020 | -6.0% | CHF-3.39 Billion | CHF56.67 Billion | CHF29.67 Billion | CHF33.06 Billion | ▼ -8.2 pp |
| 2019 | 2.2% | CHF1.24 Billion | CHF55.55 Billion | CHF29.50 Billion | CHF28.26 Billion | ▼ -5.3 pp |
| 2018 | 7.6% | CHF5.96 Billion | CHF78.69 Billion | CHF35.56 Billion | CHF29.61 Billion | ▲ +1.1 pp |
| 2017 | 6.5% | CHF4.80 Billion | CHF74.23 Billion | CHF28.21 Billion | CHF23.40 Billion | ▲ +2.8 pp |
| 2016 | 3.6% | CHF2.72 Billion | CHF74.89 Billion | CHF24.93 Billion | CHF22.21 Billion | ▲ +4.8 pp |
| 2015 | -1.1% | CHF-863.00 Million | CHF77.12 Billion | CHF22.84 Billion | CHF23.71 Billion | ▼ -16.1 pp |
| 2014 | 14.9% | CHF10.59 Billion | CHF70.84 Billion | CHF37.56 Billion | CHF26.97 Billion | ▲ +9.3 pp |
| 2013 | 5.6% | CHF4.17 Billion | CHF74.47 Billion | CHF30.54 Billion | CHF26.37 Billion | ▼ -0.1 pp |
| 2012 | 5.7% | CHF3.95 Billion | CHF69.26 Billion | CHF28.00 Billion | CHF24.05 Billion | ▲ +4.3 pp |
| 2011 | 1.4% | CHF936.00 Million | CHF65.94 Billion | CHF24.08 Billion | CHF23.15 Billion | ▼ -1.5 pp |
| 2010 | 2.9% | CHF2.03 Billion | CHF69.77 Billion | CHF26.68 Billion | CHF24.66 Billion | ▼ -21.8 pp |
| 2009 | 24.7% | CHF14.22 Billion | CHF57.46 Billion | CHF33.69 Billion | CHF19.47 Billion | ▲ +16.1 pp |
| 2008 | 8.7% | CHF4.38 Billion | CHF50.44 Billion | CHF20.88 Billion | CHF16.50 Billion | ▼ -13.2 pp |
| 2007 | 21.8% | CHF10.79 Billion | CHF49.40 Billion | CHF27.43 Billion | CHF16.64 Billion | ▲ +9.3 pp |
| 2006 | 12.5% | CHF5.17 Billion | CHF41.29 Billion | CHF21.40 Billion | CHF16.23 Billion | ▼ -5.9 pp |
| 2005 | 18.4% | CHF6.12 Billion | CHF33.16 Billion | CHF21.44 Billion | CHF15.33 Billion | ▼ -20.1 pp |
| 2004 | 38.5% | CHF12.07 Billion | CHF31.32 Billion | CHF23.92 Billion | CHF11.85 Billion | ▼ -3.9 pp |
| 2003 | 42.4% | CHF12.95 Billion | CHF30.52 Billion | CHF22.27 Billion | CHF9.32 Billion | ▼ -1.8 pp |
| 2002 | 44.3% | CHF12.54 Billion | CHF28.34 Billion | CHF20.82 Billion | CHF8.27 Billion | ▼ -2.9 pp |
| 2001 | 47.2% | CHF12.05 Billion | CHF25.56 Billion | CHF20.64 Billion | CHF8.59 Billion | ▼ -10.5 pp |
| 2000 | 57.7% | CHF13.20 Billion | CHF22.89 Billion | CHF20.41 Billion | CHF7.21 Billion | ▲ +11.5 pp |
| 1999 | 46.1% | CHF10.84 Billion | CHF23.51 Billion | CHF21.77 Billion | CHF10.93 Billion | ▼ -1.2 pp |
| 1998 | 47.4% | CHF10.87 Billion | CHF22.96 Billion | CHF21.77 Billion | CHF10.89 Billion | — |