CONX Corp (CONX) — Working Capital to Net Assets Ratio
CONX Corp (CONX) has a Working Capital to Net Assets ratio of 32.1% as of March 2024. Working capital of $-5.04 Million (current assets of $320.55K minus current liabilities of $5.36 Million) is measured against net assets of $-15.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CONX Corp 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
CONX Corp Working Capital to Net Assets (2020–2023)
This chart shows how CONX Corp's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2020 to 2023. As of March 2024, the ratio stands at 32.1%, reflecting working capital of $-5.04 Million against net assets of $-15.69 Million USD. See CONX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for CONX Corp (2020–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for CONX Corp from 2020 to 2023, covering 4 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 CONX market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 22.0% | $-3.97 Million | $-18.06 Million | $17.33K | $3.99 Million | ▲ +23.4 pp |
| 2022 | -1.4% | $-716.46K | $52.49 Million | $1.42 Million | $2.14 Million | ▼ -1.4 pp |
| 2021 | 0.1% | $525.12K | $698.21 Million | $823.88K | $298.76K | ▼ -0.1 pp |
| 2020 | 0.2% | $1.10 Million | $724.58 Million | $1.24 Million | $138.62K | — |