Noah Holdings Limited (6NO) — Working Capital to Net Assets Ratio
Noah Holdings Limited (6NO) has a Working Capital to Net Assets ratio of 49.4% as of December 2025. Working capital of €4.93 Billion (current assets of €6.36 Billion minus current liabilities of €1.43 Billion) is measured against net assets of €9.98 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 6NO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Noah Holdings Limited Working Capital to Net Assets (2016–2025)
This chart shows how Noah Holdings Limited's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 49.4%, reflecting working capital of €4.93 Billion against net assets of €9.98 Billion EUR. For the complete balance sheet picture, see total assets of Noah Holdings Limited.
Annual Working Capital to Net Assets for Noah Holdings Limited (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Noah Holdings Limited from 2016 to 2025, covering 10 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 6NO asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 49.4% | €4.93 Billion | €9.98 Billion | €6.36 Billion | €1.43 Billion | ▼ -1.0 pp |
| 2024 | 50.4% | €5.05 Billion | €10.01 Billion | €6.47 Billion | €1.43 Billion | ▲ +0.3 pp |
| 2023 | 50.1% | €5.23 Billion | €10.43 Billion | €7.12 Billion | €1.89 Billion | ▲ +3.7 pp |
| 2022 | 46.4% | €4.41 Billion | €9.50 Billion | €6.32 Billion | €1.90 Billion | ▲ +6.7 pp |
| 2021 | 39.7% | €3.23 Billion | €8.14 Billion | €5.52 Billion | €2.28 Billion | ▼ -26.5 pp |
| 2020 | 66.3% | €4.82 Billion | €7.28 Billion | €6.70 Billion | €1.88 Billion | ▼ -0.1 pp |
| 2019 | 66.4% | €5.23 Billion | €7.87 Billion | €6.73 Billion | €1.51 Billion | ▲ +9.5 pp |
| 2018 | 56.9% | €3.51 Billion | €6.18 Billion | €5.10 Billion | €1.59 Billion | ▲ +7.8 pp |
| 2017 | 49.1% | €2.21 Billion | €4.51 Billion | €4.04 Billion | €1.82 Billion | ▼ -44.0 pp |
| 2016 | 93.1% | €3.16 Billion | €3.39 Billion | €4.73 Billion | €1.58 Billion | — |