Earlyworks Co., Ltd. American Depositary Shares Working Capital to Net Assets Ratio
Earlyworks Co., Ltd. American Depositary Shares 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. Check ELWS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Earlyworks Co., Ltd. American Depositary Shares (2021–2025)
Working capital to net assets ratio of Earlyworks Co., Ltd. American Depositary Shares from 2021 to 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. See ELWS cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Earlyworks Co., Ltd. American Depositary Shares Working Capital to Net Assets Ratio by Year (2021–2025)
Earlyworks Co., Ltd. American Depositary Shares working capital to net assets ratio by year from 2021 to 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. For the complete balance sheet picture, see Earlyworks Co., Ltd. American Depositary balance sheet assets.
| 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 | — |