Highway Holdings Limited (HIHO) — Working Capital to Net Assets Ratio
Highway Holdings Limited (HIHO) has a Working Capital to Net Assets ratio of 94.3% as of December 2025. Working capital of $5.52 Million (current assets of $7.21 Million minus current liabilities of $1.69 Million) is measured against net assets of $5.85 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Highway Holdings Limited free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Highway Holdings Limited Working Capital to Net Assets (1997–2025)
This chart shows how Highway Holdings Limited's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 94.3%, reflecting working capital of $5.52 Million against net assets of $5.85 Million USD. See HIHO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Highway Holdings Limited (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Highway Holdings Limited from 1997 to 2025, covering 29 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 how much is Highway Holdings Limited worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 87.6% | $5.49 Million | $6.27 Million | $8.57 Million | $3.08 Million | ▲ +0.1 pp |
| 2024 | 87.5% | $5.81 Million | $6.64 Million | $9.65 Million | $3.84 Million | ▲ +7.2 pp |
| 2023 | 80.3% | $6.60 Million | $8.22 Million | $10.66 Million | $4.06 Million | ▲ +3.3 pp |
| 2022 | 77.0% | $7.14 Million | $9.27 Million | $12.32 Million | $5.18 Million | ▲ +0.1 pp |
| 2021 | 76.9% | $7.52 Million | $9.77 Million | $11.48 Million | $3.96 Million | ▲ +1.5 pp |
| 2020 | 75.4% | $8.23 Million | $10.92 Million | $13.22 Million | $4.99 Million | ▼ -6.2 pp |
| 2019 | 81.6% | $8.27 Million | $10.14 Million | $13.35 Million | $5.08 Million | ▼ -10.6 pp |
| 2018 | 92.1% | $10.86 Million | $11.79 Million | $17.17 Million | $6.31 Million | ▲ +2.0 pp |
| 2017 | 90.2% | $10.20 Million | $11.31 Million | $16.41 Million | $6.21 Million | ▲ +0.9 pp |
| 2016 | 89.3% | $10.66 Million | $11.93 Million | $15.73 Million | $5.07 Million | ▼ -0.8 pp |
| 2015 | 90.1% | $11.02 Million | $12.23 Million | $15.74 Million | $4.72 Million | ▲ +0.0 pp |
| 2014 | 90.1% | $11.02 Million | $12.23 Million | $15.74 Million | $4.72 Million | ▲ +6.1 pp |
| 2013 | 84.0% | $10.13 Million | $12.07 Million | $13.42 Million | $3.29 Million | ▼ -1.2 pp |
| 2012 | 85.2% | $10.22 Million | $12.00 Million | $14.51 Million | $4.29 Million | ▲ +0.2 pp |
| 2011 | 85.0% | $10.67 Million | $12.56 Million | $16.96 Million | $6.28 Million | ▲ +1.0 pp |
| 2010 | 84.0% | $9.80 Million | $11.67 Million | $14.29 Million | $4.49 Million | ▲ +5.0 pp |
| 2009 | 79.0% | $9.04 Million | $11.45 Million | $14.95 Million | $5.91 Million | ▲ +7.3 pp |
| 2008 | 71.7% | $7.56 Million | $10.54 Million | $16.79 Million | $9.23 Million | ▼ -1.9 pp |
| 2007 | 73.5% | $8.94 Million | $12.17 Million | $18.36 Million | $9.42 Million | ▼ -7.6 pp |
| 2006 | 81.1% | $9.96 Million | $12.27 Million | $16.10 Million | $6.14 Million | ▲ +5.7 pp |
| 2005 | 75.4% | $9.85 Million | $13.06 Million | $16.16 Million | $6.31 Million | ▲ +7.1 pp |
| 2004 | 68.3% | $8.77 Million | $12.84 Million | $14.23 Million | $5.45 Million | ▲ +3.2 pp |
| 2003 | 65.1% | $7.75 Million | $11.91 Million | $12.00 Million | $4.25 Million | ▲ +6.5 pp |
| 2002 | 58.6% | $6.72 Million | $11.47 Million | $10.67 Million | $3.95 Million | ▲ +3.6 pp |
| 2001 | 54.9% | $6.42 Million | $11.70 Million | $10.13 Million | $3.70 Million | ▼ -0.1 pp |
| 2000 | 55.0% | $7.11 Million | $12.93 Million | $11.19 Million | $4.08 Million | ▲ +0.9 pp |
| 1999 | 54.1% | $7.20 Million | $13.30 Million | $10.30 Million | $3.10 Million | ▼ -1.2 pp |
| 1998 | 55.4% | $6.70 Million | $12.10 Million | $12.30 Million | $5.60 Million | ▼ -15.3 pp |
| 1997 | 70.6% | $7.70 Million | $10.90 Million | $11.10 Million | $3.40 Million | — |