Toronto Dominion Bank (TD) — Working Capital to Net Assets Ratio
Toronto Dominion Bank (TD) has a Working Capital to Net Assets ratio of -950.7% as of April 2026. Working capital of CA$-1.18 Trillion (current assets of CA$461.73 Billion minus current liabilities of CA$1.64 Trillion) is measured against net assets of CA$124.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TD financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Toronto Dominion Bank Working Capital to Net Assets (1995–2025)
This chart shows how Toronto Dominion Bank's Working Capital to Net Assets ratio has evolved across 25 annual periods from 1995 to 2025. As of April 2026, the ratio stands at -950.7%, reflecting working capital of CA$-1.18 Trillion against net assets of CA$124.32 Billion CAD. See Toronto Dominion Bank liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Toronto Dominion Bank (1995–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Toronto Dominion Bank from 1995 to 2025, covering 25 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Toronto Dominion Bank.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -1124.4% | CA$-1.44 Trillion | CA$127.83 Billion | CA$204.11 Billion | CA$1.64 Trillion | ▲ +53.6 pp |
| 2024 | -1178.0% | CA$-1.36 Trillion | CA$115.16 Billion | CA$276.90 Billion | CA$1.63 Trillion | ▲ +41.5 pp |
| 2023 | -1219.5% | CA$-1.37 Trillion | CA$112.07 Billion | CA$172.60 Billion | CA$1.54 Trillion | ▼ -39.9 pp |
| 2022 | -1179.6% | CA$-1.31 Trillion | CA$111.38 Billion | CA$198.63 Billion | CA$1.51 Trillion | ▼ -11.4 pp |
| 2021 | -1168.2% | CA$-1.17 Trillion | CA$99.82 Billion | CA$241.53 Billion | CA$1.41 Trillion | ▼ -1326.5 pp |
| 2020 | 158.3% | CA$151.15 Billion | CA$95.50 Billion | CA$307.83 Billion | CA$156.68 Billion | ▲ +160.4 pp |
| 2019 | -2.1% | CA$-1.87 Billion | CA$87.70 Billion | CA$162.12 Billion | CA$164.00 Billion | ▲ +133.6 pp |
| 2018 | -135.7% | CA$-108.62 Billion | CA$80.04 Billion | CA$93.80 Billion | CA$202.42 Billion | ▼ -12.7 pp |
| 2017 | -123.0% | CA$-92.51 Billion | CA$75.19 Billion | CA$116.90 Billion | CA$209.41 Billion | ▼ -256.8 pp |
| 2016 | 133.8% | CA$97.08 Billion | CA$72.56 Billion | CA$120.30 Billion | CA$23.22 Billion | ▲ +992.7 pp |
| 2015 | -858.9% | CA$-575.69 Billion | CA$67.03 Billion | CA$109.04 Billion | CA$684.72 Billion | ▲ +18.8 pp |
| 2014 | -877.6% | CA$-493.51 Billion | CA$56.23 Billion | CA$76.63 Billion | CA$570.14 Billion | ▼ -986.7 pp |
| 2013 | 109.1% | CA$56.05 Billion | CA$51.38 Billion | CA$68.30 Billion | CA$12.24 Billion | ▲ +11.6 pp |
| 2012 | 97.5% | CA$47.78 Billion | CA$49.00 Billion | CA$57.23 Billion | CA$9.45 Billion | ▼ -52.5 pp |
| 2011 | 150.0% | CA$65.99 Billion | CA$44.00 Billion | CA$79.81 Billion | CA$13.82 Billion | ▲ +783.7 pp |
| 2010 | -633.8% | CA$-252.70 Billion | CA$39.87 Billion | CA$69.17 Billion | CA$321.87 Billion | ▼ -760.1 pp |
| 2009 | 126.4% | CA$48.93 Billion | CA$38.72 Billion | CA$62.03 Billion | CA$13.11 Billion | ▲ +1262.8 pp |
| 2008 | -1136.5% | CA$-359.97 Billion | CA$31.67 Billion | CA$62.31 Billion | CA$422.28 Billion | ▲ +160.4 pp |
| 2007 | -1296.9% | CA$-277.59 Billion | CA$21.40 Billion | CA$55.48 Billion | CA$333.07 Billion | ▲ +213.8 pp |
| 2006 | -1510.7% | CA$-296.57 Billion | CA$19.63 Billion | CA$22.68 Billion | CA$319.25 Billion | ▲ +184.7 pp |
| 2005 | -1695.3% | CA$-268.98 Billion | CA$15.87 Billion | CA$26.79 Billion | CA$295.77 Billion | ▼ -1820.1 pp |
| 2004 | 124.7% | CA$18.99 Billion | CA$15.23 Billion | CA$20.53 Billion | CA$1.53 Billion | ▼ -1644.5 pp |
| 1999 | 1769.2% | CA$209.98 Billion | CA$11.87 Billion | CA$211.77 Billion | CA$1.79 Billion | ▼ -307.3 pp |
| 1998 | 2076.6% | CA$177.20 Billion | CA$8.53 Billion | CA$179.21 Billion | CA$2.01 Billion | ▲ +2028.6 pp |
| 1995 | 47.9% | CA$2.90 Billion | CA$6.05 Billion | CA$4.33 Billion | CA$1.43 Billion | — |