Daqo New Energy Corp (5DQ2) — Working Capital to Net Assets Ratio
Daqo New Energy Corp (5DQ2) has a Working Capital to Net Assets ratio of 36.3% as of March 2026. Working capital of €2.14 Billion (current assets of €2.56 Billion minus current liabilities of €425.74 Million) is measured against net assets of €5.89 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 5DQ2 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Daqo New Energy Corp Working Capital to Net Assets (2017–2024)
This chart shows how Daqo New Energy Corp's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of March 2026, the ratio stands at 36.3%, reflecting working capital of €2.14 Billion against net assets of €5.89 Billion EUR. For the complete balance sheet picture, see balance sheet size of Daqo New Energy Corp.
Annual Working Capital to Net Assets for Daqo New Energy Corp (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Daqo New Energy Corp from 2017 to 2024, covering 8 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. Check how resilient are Daqo New Energy Corp's assets to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 36.0% | €2.11 Billion | €5.86 Billion | €2.63 Billion | €521.24 Million | ▼ -6.5 pp |
| 2023 | 42.5% | €2.74 Billion | €6.45 Billion | €3.58 Billion | €836.43 Million | ▼ -20.0 pp |
| 2022 | 62.5% | €4.15 Billion | €6.64 Billion | €4.89 Billion | €734.83 Million | ▲ +17.9 pp |
| 2021 | 44.6% | €1.19 Billion | €2.67 Billion | €1.74 Billion | €550.50 Million | ▲ +57.6 pp |
| 2020 | -13.0% | €-103.86 Million | €798.91 Million | €180.27 Million | €284.13 Million | ▲ +34.7 pp |
| 2019 | -47.8% | €-270.82 Million | €567.16 Million | €174.33 Million | €445.15 Million | ▼ -49.7 pp |
| 2018 | 1.9% | €10.21 Million | €525.13 Million | €160.07 Million | €149.85 Million | ▲ +20.7 pp |
| 2017 | -18.8% | €-74.15 Million | €394.53 Million | €142.36 Million | €216.51 Million | — |