Zalando SE (ZAL) — Working Capital to Net Assets Ratio
Zalando SE (ZAL) has a Working Capital to Net Assets ratio of 15.3% as of March 2026. Working capital of €412.60 Million (current assets of €5.00 Billion minus current liabilities of €4.59 Billion) is measured against net assets of €2.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Zalando SE to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Zalando SE Working Capital to Net Assets (2010–2025)
This chart shows how Zalando SE's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2010 to 2025. As of March 2026, the ratio stands at 15.3%, reflecting working capital of €412.60 Million against net assets of €2.70 Billion EUR. See ZAL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Zalando SE (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Zalando SE from 2010 to 2025, covering 16 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 Zalando SE.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.7% | €528.20 Million | €2.83 Billion | €5.49 Billion | €4.96 Billion | ▼ -36.1 pp |
| 2024 | 54.8% | €1.46 Billion | €2.67 Billion | €5.45 Billion | €3.99 Billion | ▼ -17.8 pp |
| 2023 | 72.6% | €1.72 Billion | €2.37 Billion | €5.25 Billion | €3.53 Billion | ▼ -1.9 pp |
| 2022 | 74.5% | €1.64 Billion | €2.20 Billion | €5.31 Billion | €3.67 Billion | ▼ -11.0 pp |
| 2021 | 85.5% | €1.90 Billion | €2.22 Billion | €5.00 Billion | €3.10 Billion | ▼ -7.2 pp |
| 2020 | 92.7% | €2.00 Billion | €2.15 Billion | €4.93 Billion | €2.94 Billion | ▲ +46.9 pp |
| 2019 | 45.8% | €771.40 Million | €1.68 Billion | €2.88 Billion | €2.11 Billion | ▼ -9.7 pp |
| 2018 | 55.5% | €859.60 Million | €1.55 Billion | €2.47 Billion | €1.61 Billion | ▼ -12.2 pp |
| 2017 | 67.7% | €1.04 Billion | €1.54 Billion | €2.41 Billion | €1.37 Billion | ▼ -6.8 pp |
| 2016 | 74.4% | €1.05 Billion | €1.41 Billion | €2.15 Billion | €1.10 Billion | ▼ -8.1 pp |
| 2015 | 82.6% | €1.05 Billion | €1.27 Billion | €1.86 Billion | €813.70 Million | ▼ -3.0 pp |
| 2014 | 85.5% | €963.60 Million | €1.13 Billion | €1.59 Billion | €627.90 Million | ▲ +12.4 pp |
| 2013 | 73.1% | €399.62 Million | €546.51 Million | €895.66 Million | €496.04 Million | ▼ -12.1 pp |
| 2012 | 85.2% | €390.48 Million | €458.20 Million | €740.47 Million | €350.00 Million | ▲ +6.3 pp |
| 2011 | 78.9% | €83.28 Million | €105.52 Million | €248.84 Million | €165.57 Million | ▼ -17.3 pp |
| 2010 | 96.2% | €33.77 Million | €35.10 Million | €95.47 Million | €61.70 Million | — |