Grom Social Enterprises Inc Working Capital to Net Assets Ratio
Grom Social Enterprises Inc working capital to net assets ratio. Grom Social Enterprises Inc (GROM) has a Working Capital to Net Assets ratio of -9.2% as of March 2024. Working capital of $-1.34 Million (current assets of $2.01 Million minus current liabilities of $3.34 Million) is measured against net assets of $14.59 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check GROM intangible-adjusted equity 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 Grom Social Enterprises Inc (2015–2023)
Working capital to net assets ratio of Grom Social Enterprises Inc from 2015 to 2023. This chart shows how Grom Social Enterprises Inc's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2015 to 2023. As of March 2024, the ratio stands at -9.2%, reflecting working capital of $-1.34 Million against net assets of $14.59 Million USD. See how many days can Grom Social Enterprises Inc fund operations to measure how many days the company can operate on defensive assets alone.
Grom Social Enterprises Inc Working Capital to Net Assets Ratio by Year (2015–2023)
Grom Social Enterprises Inc working capital to net assets ratio by year from 2015 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Grom Social Enterprises Inc from 2015 to 2023, covering 9 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 total assets of Grom Social Enterprises Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -4.2% | $-517.35K | $12.32 Million | $3.90 Million | $4.42 Million | ▼ -17.7 pp |
| 2022 | 13.5% | $2.74 Million | $20.35 Million | $5.73 Million | $2.99 Million | ▲ +0.9 pp |
| 2021 | 12.6% | $3.29 Million | $26.12 Million | $8.05 Million | $4.76 Million | ▲ +80.5 pp |
| 2020 | -67.9% | $-5.84 Million | $8.60 Million | $1.14 Million | $6.98 Million | ▲ +21.5 pp |
| 2019 | -89.4% | $-7.31 Million | $8.18 Million | $1.41 Million | $8.72 Million | ▲ +10.1 pp |
| 2018 | -99.5% | $-6.75 Million | $6.78 Million | $2.22 Million | $8.96 Million | ▼ -50.0 pp |
| 2017 | -49.5% | $-3.51 Million | $7.10 Million | $2.34 Million | $5.86 Million | ▼ -150.3 pp |
| 2016 | 100.9% | $-375.41K | $-372.09K | $120.92K | $496.33K | ▲ +0.9 pp |
| 2015 | 100.0% | $72.65K | $72.65K | $163.85K | $91.20K | — |