Advent Technologies Holdings Inc (ADN) — Working Capital to Net Assets Ratio
Advent Technologies Holdings Inc (ADN) has a Working Capital to Net Assets ratio of 90.1% as of September 2025. Working capital of $-16.02 Million (current assets of $1.79 Million minus current liabilities of $17.81 Million) is measured against net assets of $-17.78 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Advent Technologies Holdings Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Advent Technologies Holdings Inc Working Capital to Net Assets (2018–2024)
This chart shows how Advent Technologies Holdings Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 90.1%, reflecting working capital of $-16.02 Million against net assets of $-17.78 Million USD. See ADN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Advent Technologies Holdings Inc (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Advent Technologies Holdings Inc from 2018 to 2024, covering 7 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 ADN market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 122.5% | $-26.08 Million | $-21.30 Million | $2.69 Million | $28.77 Million | ▲ +145.4 pp |
| 2023 | -22.9% | $-3.08 Million | $13.45 Million | $8.84 Million | $11.91 Million | ▼ -78.7 pp |
| 2022 | 55.9% | $35.83 Million | $64.15 Million | $49.50 Million | $13.67 Million | ▼ -4.4 pp |
| 2021 | 60.3% | $78.48 Million | $130.20 Million | $97.35 Million | $18.87 Million | ▲ +63.4 pp |
| 2020 | -3.2% | $-2.85 Million | $90.23 Million | $582.52K | $3.43 Million | ▲ +11.0 pp |
| 2019 | -14.1% | $-706.67K | $5.00 Million | $577.53K | $1.28 Million | ▼ -14.5 pp |
| 2018 | 0.4% | $768.74K | $214.11 Million | $1.02 Million | $247.36K | — |