D-MARKET Electronic Services & Trading ADR (HEPS) — Working Capital to Net Assets Ratio
D-MARKET Electronic Services & Trading ADR (HEPS) has a Working Capital to Net Assets ratio of -543.4% as of September 2025. Working capital of $-4.69 Billion (current assets of $25.79 Billion minus current liabilities of $30.48 Billion) is measured against net assets of $862.22 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See HEPS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
D-MARKET Electronic Services & Trading ADR Working Capital to Net Assets (2018–2024)
This chart shows how D-MARKET Electronic Services & Trading ADR's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at -543.4%, reflecting working capital of $-4.69 Billion against net assets of $862.22 Million USD. For the complete balance sheet picture, see D-MARKET Electronic Services & Trading A asset portfolio.
Annual Working Capital to Net Assets for D-MARKET Electronic Services & Trading ADR (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for D-MARKET Electronic Services & Trading ADR from 2018 to 2024, covering 7 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 D-MARKET Electronic Services & Trading A (HEPS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -22.0% | $-731.33 Million | $3.32 Billion | $20.85 Billion | $21.59 Billion | ▼ -51.6 pp |
| 2023 | 29.6% | $1.41 Billion | $4.77 Billion | $21.11 Billion | $19.70 Billion | ▼ -1.3 pp |
| 2022 | 31.0% | $1.04 Billion | $3.37 Billion | $13.80 Billion | $12.76 Billion | ▼ -44.0 pp |
| 2021 | 74.9% | $3.61 Billion | $4.81 Billion | $11.82 Billion | $8.22 Billion | ▼ -47.8 pp |
| 2020 | 122.7% | $-966.31 Million | $-787.33 Million | $1.69 Billion | $2.66 Billion | ▼ -14.7 pp |
| 2019 | 137.4% | $-427.04 Million | $-310.83 Million | $779.77 Million | $1.21 Billion | ▲ +5.4 pp |
| 2018 | 132.0% | $-472.58 Million | $-358.00 Million | $419.44 Million | $892.02 Million | — |