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 Happy City Holdings Limited Class A Ordi liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see HCHL current and non-current assets.
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. Check Happy City Holdings Limited Class A Ordi liquidity resilience 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 | -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 | — |