Earlyworks Co., Ltd. American Depositary Shares (ELWS) — Working Capital to Net Assets Ratio
Earlyworks Co., Ltd. American Depositary Shares (ELWS) has a Working Capital to Net Assets ratio of 82.0% as of July 2025. Working capital of $60.72 Million (current assets of $143.34 Million minus current liabilities of $82.61 Million) is measured against net assets of $74.03 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Earlyworks Co., Ltd. American Depositary to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Earlyworks Co., Ltd. American Depositary Shares Working Capital to Net Assets (2021–2025)
This chart shows how Earlyworks Co., Ltd. American Depositary Shares's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of July 2025, the ratio stands at 82.0%, reflecting working capital of $60.72 Million against net assets of $74.03 Million USD. For the complete balance sheet picture, see Earlyworks Co., Ltd. American Depositary total assets.
Annual Working Capital to Net Assets for Earlyworks Co., Ltd. American Depositary Shares (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Earlyworks Co., Ltd. American Depositary Shares from 2021 to 2025, covering 5 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. Check asset resilience ratio of Earlyworks Co., Ltd. American Depositary to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 82.0% | $60.72 Million | $74.03 Million | $143.34 Million | $82.61 Million | ▼ -20.0 pp |
| 2024 | 102.0% | $337.39 Million | $330.72 Million | $530.39 Million | $193.00 Million | ▲ +73.9 pp |
| 2023 | 28.1% | $58.60 Million | $208.51 Million | $234.68 Million | $176.08 Million | ▼ -78.0 pp |
| 2022 | 106.2% | $627.17 Million | $590.82 Million | $738.54 Million | $111.38 Million | ▼ -3.3 pp |
| 2021 | 109.4% | $353.59 Million | $323.16 Million | $409.57 Million | $55.98 Million | — |