Blue Ocean Acquisition Corp (BOCN) — Working Capital to Net Assets Ratio
Blue Ocean Acquisition Corp (BOCN) has a Working Capital to Net Assets ratio of -158.4% as of September 2024. Working capital of $-8.23 Million (current assets of $67.93K minus current liabilities of $8.30 Million) is measured against net assets of $5.19 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BOCN FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Blue Ocean Acquisition Corp Working Capital to Net Assets (2021–2023)
This chart shows how Blue Ocean Acquisition Corp's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at -158.4%, reflecting working capital of $-8.23 Million against net assets of $5.19 Million USD. See BOCN days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Blue Ocean Acquisition Corp (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Blue Ocean Acquisition Corp from 2021 to 2023, covering 3 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 Blue Ocean Acquisition Corp stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -7.6% | $-4.20 Million | $55.19 Million | $128.19K | $4.33 Million | ▼ -7.7 pp |
| 2022 | 0.1% | $176.94K | $187.55 Million | $863.67K | $686.73K | ▼ -0.6 pp |
| 2021 | 0.7% | $1.18 Million | $174.89 Million | $1.34 Million | $150.96K | — |