dhSteel (021040) — Working Capital to Net Assets Ratio
dhSteel (021040) has a Working Capital to Net Assets ratio of -20.7% as of March 2026. Working capital of ₩-7.84 Billion (current assets of ₩110.61 Billion minus current liabilities of ₩118.45 Billion) is measured against net assets of ₩37.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 021040 financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
dhSteel Working Capital to Net Assets (2014–2025)
This chart shows how dhSteel's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at -20.7%, reflecting working capital of ₩-7.84 Billion against net assets of ₩37.95 Billion KRW. See dhSteel defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for dhSteel (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for dhSteel from 2014 to 2025, covering 12 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 dhSteel market cap and net worth.
| Year | WC/NA Ratio | Working Capital (KRW) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -21.5% | ₩-8.29 Billion | ₩38.63 Billion | ₩112.54 Billion | ₩120.83 Billion | ▼ -17.6 pp |
| 2024 | -3.9% | ₩-1.58 Billion | ₩41.00 Billion | ₩118.85 Billion | ₩120.43 Billion | ▼ -28.4 pp |
| 2023 | 24.5% | ₩12.64 Billion | ₩51.59 Billion | ₩137.95 Billion | ₩125.32 Billion | ▲ +0.8 pp |
| 2022 | 23.7% | ₩11.21 Billion | ₩47.29 Billion | ₩135.43 Billion | ₩124.22 Billion | ▼ -7.0 pp |
| 2021 | 30.7% | ₩16.06 Billion | ₩52.37 Billion | ₩131.60 Billion | ₩115.54 Billion | ▼ -1.8 pp |
| 2020 | 32.5% | ₩16.27 Billion | ₩50.08 Billion | ₩67.88 Billion | ₩51.62 Billion | ▼ -14.0 pp |
| 2019 | 46.5% | ₩33.52 Billion | ₩72.15 Billion | ₩81.49 Billion | ₩47.97 Billion | ▲ +4.8 pp |
| 2018 | 41.6% | ₩30.16 Billion | ₩72.43 Billion | ₩86.86 Billion | ₩56.70 Billion | ▲ +27.8 pp |
| 2017 | 13.9% | ₩9.58 Billion | ₩69.05 Billion | ₩82.53 Billion | ₩72.95 Billion | ▲ +52.7 pp |
| 2016 | -38.8% | ₩-15.89 Billion | ₩40.96 Billion | ₩74.49 Billion | ₩90.38 Billion | ▲ +35.8 pp |
| 2015 | -74.6% | ₩-26.89 Billion | ₩36.04 Billion | ₩81.84 Billion | ₩108.73 Billion | ▲ +22.5 pp |
| 2014 | -97.2% | ₩-33.27 Billion | ₩34.24 Billion | ₩93.86 Billion | ₩127.13 Billion | — |