DUET Acquisition Corp (DUET) — Working Capital to Net Assets Ratio
DUET Acquisition Corp (DUET) has a Working Capital to Net Assets ratio of -89.7% as of June 2024. Working capital of $-5.67 Million (current assets of $3.56K minus current liabilities of $5.68 Million) is measured against net assets of $6.33 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see DUET asset base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
DUET Acquisition Corp Working Capital to Net Assets (2021–2023)
This chart shows how DUET Acquisition Corp's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of June 2024, the ratio stands at -89.7%, reflecting working capital of $-5.67 Million against net assets of $6.33 Million USD. Check DUET cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for DUET Acquisition Corp (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for DUET 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. Explore investment intensity of DUET Acquisition Corp to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -84.0% | $-5.20 Million | $6.19 Million | $87.13K | $5.29 Million | ▼ -83.1 pp |
| 2022 | -0.8% | $-699.76K | $85.30 Million | $27.07K | $726.83K | ▲ +710.5 pp |
| 2021 | -711.3% | $-167.00K | $23.48K | $25.00K | $192.00K | — |