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 119.9% as of December 2025. Working capital of $-339.71 Million (current assets of $483.07 Million minus current liabilities of $822.78 Million) is measured against net assets of $-283.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of ECARX Holdings Inc. Class A Ordinary sha to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 119.9%, reflecting working capital of $-339.71 Million against net assets of $-283.32 Million USD. Check tangible equity quality of ECARX Holdings Inc. Class A Ordinary sha to evaluate the tangible quality of the company's equity base.
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 (ECX) total market value.
| 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 | — |