VZ Holding AG (VZN) — Working Capital to Net Assets Ratio
VZ Holding AG (VZN) has a Working Capital to Net Assets ratio of 188.4% as of December 2025. Working capital of CHF2.23 Billion (current assets of CHF2.29 Billion minus current liabilities of CHF59.17 Million) is measured against net assets of CHF1.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VZ Holding AG balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
VZ Holding AG Working Capital to Net Assets (2012–2025)
This chart shows how VZ Holding AG's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 188.4%, reflecting working capital of CHF2.23 Billion against net assets of CHF1.18 Billion CHF. Check VZN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for VZ Holding AG (2012–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for VZ Holding AG from 2012 to 2025, covering 14 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 VZN company net worth.
| Year | WC/NA Ratio | Working Capital (CHF) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 188.4% | CHF2.23 Billion | CHF1.18 Billion | CHF2.29 Billion | CHF59.17 Million | ▲ +515.5 pp |
| 2024 | -327.1% | CHF-3.47 Billion | CHF1.06 Billion | CHF2.20 Billion | CHF5.67 Billion | ▲ +22.1 pp |
| 2023 | -349.2% | CHF-3.23 Billion | CHF926.12 Million | CHF1.80 Billion | CHF5.04 Billion | ▲ +61.7 pp |
| 2022 | -410.9% | CHF-3.17 Billion | CHF770.96 Million | CHF1.56 Billion | CHF4.73 Billion | ▼ -38.8 pp |
| 2021 | -372.1% | CHF-2.60 Billion | CHF699.68 Million | CHF1.99 Billion | CHF4.59 Billion | ▼ -38.8 pp |
| 2020 | -333.3% | CHF-2.06 Billion | CHF616.66 Million | CHF1.84 Billion | CHF3.90 Billion | ▼ -56.7 pp |
| 2019 | -276.6% | CHF-1.52 Billion | CHF549.77 Million | CHF1.54 Billion | CHF3.06 Billion | ▼ -31.2 pp |
| 2018 | -245.4% | CHF-1.26 Billion | CHF512.27 Million | CHF1.07 Billion | CHF2.33 Billion | ▼ -7.8 pp |
| 2017 | -237.6% | CHF-1.09 Billion | CHF459.47 Million | CHF996.52 Million | CHF2.09 Billion | ▼ -20.5 pp |
| 2016 | -217.1% | CHF-911.91 Million | CHF420.06 Million | CHF971.90 Million | CHF1.88 Billion | ▼ -14.2 pp |
| 2015 | -202.9% | CHF-765.21 Million | CHF377.17 Million | CHF740.85 Million | CHF1.51 Billion | ▼ -74.4 pp |
| 2014 | -128.5% | CHF-409.69 Million | CHF318.88 Million | CHF1.09 Billion | CHF1.50 Billion | ▲ +3.8 pp |
| 2013 | -132.3% | CHF-367.63 Million | CHF277.97 Million | CHF736.52 Million | CHF1.10 Billion | ▼ -9.9 pp |
| 2012 | -122.3% | CHF-287.48 Million | CHF235.00 Million | CHF484.06 Million | CHF771.55 Million | — |