Global-E Online Ltd (GLBE) — Working Capital to Net Assets Ratio
Global-E Online Ltd (GLBE) has a Working Capital to Net Assets ratio of 51.1% as of December 2025. Working capital of $476.71 Million (current assets of $986.66 Million minus current liabilities of $509.95 Million) is measured against net assets of $932.68 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Global-E Online Ltd (GLBE) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Global-E Online Ltd Working Capital to Net Assets (2018–2025)
This chart shows how Global-E Online Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 51.1%, reflecting working capital of $476.71 Million against net assets of $932.68 Million USD. See GLBE days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Global-E Online Ltd (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Global-E Online Ltd from 2018 to 2025, covering 8 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 GLBE market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 51.1% | $476.71 Million | $932.68 Million | $986.66 Million | $509.95 Million | ▲ +9.2 pp |
| 2024 | 41.9% | $374.77 Million | $893.43 Million | $723.21 Million | $348.44 Million | ▲ +14.6 pp |
| 2023 | 27.4% | $246.95 Million | $901.98 Million | $520.46 Million | $273.51 Million | ▲ +9.6 pp |
| 2022 | 17.8% | $165.07 Million | $928.12 Million | $374.65 Million | $209.58 Million | ▼ -52.8 pp |
| 2021 | 70.6% | $490.89 Million | $695.75 Million | $622.46 Million | $131.57 Million | ▲ +21.6 pp |
| 2020 | 48.9% | $69.20 Million | $141.50 Million | $153.10 Million | $83.90 Million | ▲ +44.2 pp |
| 2019 | 4.7% | $-2.48 Million | $-53.03 Million | $39.32 Million | $41.80 Million | ▼ -65.3 pp |
| 2018 | 70.0% | $5.69 Million | $8.13 Million | $26.10 Million | $20.41 Million | — |