Global Tax Free Co. Ltd (204620) — Working Capital to Net Assets Ratio
Global Tax Free Co. Ltd (204620) has a Working Capital to Net Assets ratio of 85.9% as of September 2025. Working capital of ₩128.97 Billion (current assets of ₩177.11 Billion minus current liabilities of ₩48.14 Billion) is measured against net assets of ₩150.10 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Global Tax Free Co. Ltd net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Global Tax Free Co. Ltd Working Capital to Net Assets (2016–2024)
This chart shows how Global Tax Free Co. Ltd's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 85.9%, reflecting working capital of ₩128.97 Billion against net assets of ₩150.10 Billion KRW. Check 204620 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Global Tax Free Co. Ltd (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Global Tax Free Co. Ltd from 2016 to 2024, covering 9 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 Global Tax Free Co. Ltd market capitalisation.
| Year | WC/NA Ratio | Working Capital (KRW) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 73.3% | ₩94.07 Billion | ₩128.37 Billion | ₩135.05 Billion | ₩40.98 Billion | ▲ +8.0 pp |
| 2023 | 65.3% | ₩70.87 Billion | ₩108.60 Billion | ₩123.14 Billion | ₩52.27 Billion | ▼ -8.7 pp |
| 2022 | 73.9% | ₩64.17 Billion | ₩86.81 Billion | ₩97.26 Billion | ₩33.10 Billion | ▲ +29.2 pp |
| 2021 | 44.7% | ₩33.97 Billion | ₩75.94 Billion | ₩71.81 Billion | ₩37.84 Billion | ▼ -0.3 pp |
| 2020 | 45.0% | ₩31.83 Billion | ₩70.74 Billion | ₩52.20 Billion | ₩20.37 Billion | ▼ -66.6 pp |
| 2019 | 111.6% | ₩81.18 Billion | ₩72.76 Billion | ₩101.72 Billion | ₩20.54 Billion | ▼ -9.4 pp |
| 2018 | 121.0% | ₩89.43 Billion | ₩73.91 Billion | ₩99.38 Billion | ₩9.95 Billion | ▲ +38.0 pp |
| 2017 | 83.0% | ₩53.14 Billion | ₩64.04 Billion | ₩60.82 Billion | ₩7.69 Billion | ▼ -29.3 pp |
| 2016 | 112.2% | ₩13.11 Billion | ₩11.68 Billion | ₩13.11 Billion | ₩852.10K | — |