Happy City Holdings Limited Class A Ordinary shares (HCHL) — Working Capital to Net Assets Ratio
Happy City Holdings Limited Class A Ordinary shares (HCHL) has a Working Capital to Net Assets ratio of -38.0% as of November 2025. Working capital of $-837.49K (current assets of $4.15 Million minus current liabilities of $4.99 Million) is measured against net assets of $2.21 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of Happy City Holdings Limited Class A Ordi to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Happy City Holdings Limited Class A Ordinary shares Working Capital to Net Assets (2023–2025)
This chart shows how Happy City Holdings Limited Class A Ordinary shares's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2023 to 2025. As of November 2025, the ratio stands at -38.0%, reflecting working capital of $-837.49K against net assets of $2.21 Million USD. Check how tangible is Happy City Holdings Limited Class A Ordi's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Happy City Holdings Limited Class A Ordinary shares (2023–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Happy City Holdings Limited Class A Ordinary shares from 2023 to 2025, covering 3 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 Happy City Holdings Limited Class A Ordi stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -38.0% | $-837.49K | $2.21 Million | $4.15 Million | $4.99 Million | ▲ +114.6 pp |
| 2024 | -152.5% | $-918.27K | $601.97K | $3.14 Million | $4.05 Million | ▼ -321.8 pp |
| 2023 | 169.2% | $-2.48 Million | $-1.46 Million | $275.55K | $2.75 Million | — |