National Bank of Canada (NA) — Working Capital to Net Assets Ratio
National Bank of Canada (NA) has a Working Capital to Net Assets ratio of -29.0% as of January 2026. Working capital of CA$-9.62 Billion (current assets of CA$38.59 Billion minus current liabilities of CA$48.21 Billion) is measured against net assets of CA$33.22 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See National Bank of Canada balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
National Bank of Canada Working Capital to Net Assets (1993–2025)
This chart shows how National Bank of Canada's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1993 to 2025. As of January 2026, the ratio stands at -29.0%, reflecting working capital of CA$-9.62 Billion against net assets of CA$33.22 Billion CAD. Check NA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for National Bank of Canada (1993–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Bank of Canada from 1993 to 2025, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see NA market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1219.4% | CA$-411.79 Billion | CA$33.77 Billion | CA$38.80 Billion | CA$450.59 Billion | ▼ -21.3 pp |
| 2024 | -1198.1% | CA$-306.11 Billion | CA$25.55 Billion | CA$43.04 Billion | CA$349.15 Billion | ▼ -459.2 pp |
| 2023 | -738.9% | CA$-174.95 Billion | CA$23.68 Billion | CA$45.33 Billion | CA$220.28 Billion | ▲ +10.2 pp |
| 2022 | -749.1% | CA$-162.90 Billion | CA$21.75 Billion | CA$41.30 Billion | CA$204.20 Billion | ▲ +680.2 pp |
| 2021 | -1429.3% | CA$-267.02 Billion | CA$18.68 Billion | CA$40.17 Billion | CA$307.19 Billion | ▼ -1554.6 pp |
| 2020 | 125.3% | CA$20.52 Billion | CA$16.38 Billion | CA$37.17 Billion | CA$16.64 Billion | ▲ +943.7 pp |
| 2019 | -818.5% | CA$-123.89 Billion | CA$15.14 Billion | CA$17.32 Billion | CA$141.21 Billion | ▼ -46.7 pp |
| 2018 | -771.8% | CA$-110.80 Billion | CA$14.36 Billion | CA$16.76 Billion | CA$127.55 Billion | ▼ -756.0 pp |
| 2017 | -15.8% | CA$-2.01 Billion | CA$12.75 Billion | CA$13.82 Billion | CA$15.83 Billion | ▲ +606.8 pp |
| 2016 | -622.6% | CA$-75.35 Billion | CA$12.10 Billion | CA$13.69 Billion | CA$89.04 Billion | ▼ -675.6 pp |
| 2015 | 53.0% | CA$6.02 Billion | CA$11.36 Billion | CA$24.80 Billion | CA$18.79 Billion | ▼ -23.8 pp |
| 2014 | 76.8% | CA$8.06 Billion | CA$10.50 Billion | CA$12.03 Billion | CA$3.96 Billion | ▲ +460.3 pp |
| 2013 | -383.6% | CA$-34.34 Billion | CA$8.95 Billion | CA$3.28 Billion | CA$37.62 Billion | ▼ -416.1 pp |
| 2012 | 32.5% | CA$2.68 Billion | CA$8.24 Billion | CA$7.15 Billion | CA$4.47 Billion | ▼ -21.8 pp |
| 2011 | 54.4% | CA$4.08 Billion | CA$7.50 Billion | CA$21.70 Billion | CA$17.62 Billion | ▲ +240.4 pp |
| 2010 | -186.0% | CA$-33.21 Billion | CA$17.85 Billion | CA$17.98 Billion | CA$51.19 Billion | ▼ -43.1 pp |
| 2009 | -142.9% | CA$-10.96 Billion | CA$7.67 Billion | CA$19.08 Billion | CA$30.05 Billion | ▼ -74.9 pp |
| 2008 | -67.9% | CA$-5.12 Billion | CA$7.54 Billion | CA$18.25 Billion | CA$23.38 Billion | ▲ +7.9 pp |
| 2007 | -75.9% | CA$-4.25 Billion | CA$5.60 Billion | CA$17.30 Billion | CA$21.55 Billion | ▲ +5.3 pp |
| 2006 | -81.2% | CA$-4.35 Billion | CA$5.36 Billion | CA$22.35 Billion | CA$26.70 Billion | ▼ -536.0 pp |
| 2004 | 454.9% | CA$20.81 Billion | CA$4.57 Billion | CA$41.16 Billion | CA$20.36 Billion | ▲ +291.3 pp |
| 2003 | 163.6% | CA$7.35 Billion | CA$4.50 Billion | CA$7.88 Billion | CA$523.00 Million | ▼ -1.2 pp |
| 2002 | 164.7% | CA$7.23 Billion | CA$4.39 Billion | CA$7.67 Billion | CA$442.00 Million | ▼ -1570.0 pp |
| 2000 | 1734.8% | CA$74.53 Billion | CA$4.30 Billion | CA$75.25 Billion | CA$728.00 Million | ▼ -90.3 pp |
| 1999 | 1825.0% | CA$68.33 Billion | CA$3.74 Billion | CA$69.10 Billion | CA$773.00 Million | ▼ -335.5 pp |
| 1998 | 2160.6% | CA$69.53 Billion | CA$3.22 Billion | CA$70.24 Billion | CA$710.00 Million | ▲ +143.5 pp |
| 1997 | 2017.1% | CA$65.07 Billion | CA$3.23 Billion | CA$65.73 Billion | CA$662.00 Million | ▼ -25.9 pp |
| 1996 | 2043.0% | CA$51.91 Billion | CA$2.54 Billion | CA$52.63 Billion | CA$717.00 Million | ▲ +30.1 pp |
| 1995 | 2013.0% | CA$47.53 Billion | CA$2.36 Billion | CA$48.42 Billion | CA$895.00 Million | ▲ +164.6 pp |
| 1994 | 1848.4% | CA$43.65 Billion | CA$2.36 Billion | CA$44.29 Billion | CA$640.40 Million | ▼ -211.4 pp |
| 1993 | 2059.8% | CA$41.45 Billion | CA$2.01 Billion | CA$42.17 Billion | CA$719.30 Million | — |