RLX TECH. SP.ADR/1 CL.A (3CM) — Working Capital to Net Assets Ratio
RLX TECH. SP.ADR/1 CL.A (3CM) has a Working Capital to Net Assets ratio of 58.7% as of December 2025. Working capital of €9.24 Billion (current assets of €11.20 Billion minus current liabilities of €1.97 Billion) is measured against net assets of €15.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See RLX TECH. SP.ADR/1 CL.A (3CM) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
RLX TECH. SP.ADR/1 CL.A Working Capital to Net Assets (2021–2025)
This chart shows how RLX TECH. SP.ADR/1 CL.A's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 58.7%, reflecting working capital of €9.24 Billion against net assets of €15.73 Billion EUR. Check tangible equity quality of RLX TECH. SP.ADR/1 CL.A to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for RLX TECH. SP.ADR/1 CL.A (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for RLX TECH. SP.ADR/1 CL.A from 2021 to 2025, covering 5 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 RLX TECH. SP.ADR/1 CL.A.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 58.7% | €9.24 Billion | €15.73 Billion | €11.20 Billion | €1.97 Billion | ▲ +5.9 pp |
| 2024 | 52.8% | €8.44 Billion | €15.99 Billion | €9.30 Billion | €857.85 Million | ▼ -0.5 pp |
| 2023 | 53.3% | €8.32 Billion | €15.60 Billion | €8.98 Billion | €668.67 Million | ▼ -13.7 pp |
| 2022 | 67.0% | €10.41 Billion | €15.54 Billion | €11.20 Billion | €789.83 Million | ▼ -16.0 pp |
| 2021 | 82.9% | €11.21 Billion | €13.52 Billion | €13.95 Billion | €2.74 Billion | — |