Manulife Financial Corp (MFC) — Working Capital to Net Assets Ratio
Manulife Financial Corp (MFC) has a Working Capital to Net Assets ratio of 91.5% as of December 2025. Working capital of CA$48.03 Billion (current assets of CA$90.85 Billion minus current liabilities of CA$42.82 Billion) is measured against net assets of CA$52.49 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MFC equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Manulife Financial Corp Working Capital to Net Assets (2001–2025)
This chart shows how Manulife Financial Corp's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2001 to 2025. As of December 2025, the ratio stands at 91.5%, reflecting working capital of CA$48.03 Billion against net assets of CA$52.49 Billion CAD. Check tangible equity quality of Manulife Financial Corp to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Manulife Financial Corp (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Manulife Financial Corp from 2001 to 2025, covering 23 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 how much is Manulife Financial Corp worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 91.5% | CA$48.03 Billion | CA$52.49 Billion | CA$90.85 Billion | CA$42.82 Billion | ▼ -75.6 pp |
| 2024 | 167.1% | CA$88.49 Billion | CA$52.96 Billion | CA$88.94 Billion | CA$453.00 Million | ▲ +120.8 pp |
| 2023 | 46.3% | CA$22.57 Billion | CA$48.73 Billion | CA$23.16 Billion | CA$594.00 Million | ▲ +639.5 pp |
| 2022 | -593.2% | CA$-334.44 Billion | CA$56.38 Billion | CA$20.60 Billion | CA$355.04 Billion | ▼ -603.6 pp |
| 2021 | 10.4% | CA$6.15 Billion | CA$58.87 Billion | CA$23.89 Billion | CA$17.74 Billion | ▼ -2.2 pp |
| 2020 | 12.7% | CA$6.72 Billion | CA$53.01 Billion | CA$27.61 Billion | CA$20.89 Billion | ▲ +10.0 pp |
| 2019 | 2.6% | CA$21.04 Billion | CA$795.50 Billion | CA$21.68 Billion | CA$649.00 Million | ▼ -2.8 pp |
| 2018 | 5.4% | CA$2.55 Billion | CA$47.15 Billion | CA$17.58 Billion | CA$15.04 Billion | ▼ -148.3 pp |
| 2017 | 153.7% | CA$64.82 Billion | CA$42.16 Billion | CA$65.22 Billion | CA$400.00 Million | ▼ -24.9 pp |
| 2016 | 178.6% | CA$76.49 Billion | CA$42.82 Billion | CA$76.88 Billion | CA$394.00 Million | ▼ -12.3 pp |
| 2015 | 190.9% | CA$80.05 Billion | CA$41.94 Billion | CA$80.72 Billion | CA$677.00 Million | ▲ +140.9 pp |
| 2014 | 50.0% | CA$16.96 Billion | CA$33.93 Billion | CA$21.82 Billion | CA$4.86 Billion | ▲ +68.9 pp |
| 2013 | -19.0% | CA$-5.50 Billion | CA$29.03 Billion | CA$14.36 Billion | CA$19.87 Billion | ▼ -59.2 pp |
| 2010 | 40.2% | CA$10.81 Billion | CA$26.87 Billion | CA$11.79 Billion | CA$978.00 Million | ▼ -20.3 pp |
| 2009 | 60.5% | CA$17.49 Billion | CA$28.91 Billion | CA$18.78 Billion | CA$1.29 Billion | ▲ +4.4 pp |
| 2008 | 56.1% | CA$15.39 Billion | CA$27.45 Billion | CA$17.27 Billion | CA$1.88 Billion | ▲ +14.1 pp |
| 2007 | 41.9% | CA$10.27 Billion | CA$24.48 Billion | CA$12.35 Billion | CA$2.08 Billion | ▲ +11.5 pp |
| 2006 | 30.5% | CA$7.88 Billion | CA$25.86 Billion | CA$10.74 Billion | CA$2.86 Billion | ▼ -15.0 pp |
| 2005 | 45.5% | CA$10.91 Billion | CA$23.97 Billion | CA$13.81 Billion | CA$2.90 Billion | ▼ -12.3 pp |
| 2004 | 57.8% | CA$14.15 Billion | CA$24.49 Billion | CA$17.03 Billion | CA$2.88 Billion | ▲ +17.2 pp |
| 2003 | 40.6% | CA$4.18 Billion | CA$10.29 Billion | CA$6.74 Billion | CA$2.56 Billion | ▼ -7.8 pp |
| 2002 | 48.3% | CA$4.74 Billion | CA$9.81 Billion | CA$6.18 Billion | CA$1.44 Billion | ▼ -5.0 pp |
| 2001 | 53.4% | CA$5.00 Billion | CA$9.36 Billion | CA$5.69 Billion | CA$693.00 Million | — |