ECARX Holdings Inc. Class A Ordinary shares (ECX) — Working Capital to Net Assets Ratio
ECARX Holdings Inc. Class A Ordinary shares (ECX) has a Working Capital to Net Assets ratio of 111.9% as of March 2026. Working capital of $-290.90 Million (current assets of $527.80 Million minus current liabilities of $818.70 Million) is measured against net assets of $-259.90 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial flexibility index of ECARX Holdings Inc. Class A Ordinary sha to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ECARX Holdings Inc. Class A Ordinary shares Working Capital to Net Assets (2020–2025)
This chart shows how ECARX Holdings Inc. Class A Ordinary shares's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 111.9%, reflecting working capital of $-290.90 Million against net assets of $-259.90 Million USD. See ECARX Holdings Inc. Class A Ordinary sha (ECX) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for ECARX Holdings Inc. Class A Ordinary shares (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ECARX Holdings Inc. Class A Ordinary shares from 2020 to 2025, covering 6 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 ECARX Holdings Inc. Class A Ordinary sha market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 119.9% | $-339.71 Million | $-283.32 Million | $483.07 Million | $822.78 Million | ▼ -11.6 pp |
| 2024 | 131.5% | $-2.29 Billion | $-1.74 Billion | $2.83 Billion | $5.13 Billion | ▲ +20.4 pp |
| 2023 | 111.1% | $-926.74 Million | $-834.46 Million | $3.29 Billion | $4.22 Billion | ▼ -104.0 pp |
| 2022 | 215.1% | $-74.11 Million | $-34.46 Million | $3.85 Billion | $3.93 Billion | ▲ +201.2 pp |
| 2021 | 13.9% | $-88.80 Million | $-639.81 Million | $385.41 Million | $474.21 Million | ▼ -32.0 pp |
| 2020 | 45.9% | $-839.90 Million | $-1.83 Billion | $2.43 Billion | $3.27 Billion | — |