MGO Global Inc. Common Stock Working Capital to Net Assets Ratio
MGO Global Inc. Common Stock working capital to net assets ratio. MGO Global Inc. Common Stock (MGOL) has a Working Capital to Net Assets ratio of 90.9% as of September 2024. Working capital of $2.39 Million (current assets of $2.58 Million minus current liabilities of $182.24K) is measured against net assets of $2.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of MGO Global Inc. Common Stock (2020–2023)
Working capital to net assets ratio of MGO Global Inc. Common Stock from 2020 to 2023. This chart shows how MGO Global Inc. Common Stock's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2020 to 2023. As of September 2024, the ratio stands at 90.9%, reflecting working capital of $2.39 Million against net assets of $2.63 Million USD. See MGOL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
MGO Global Inc. Common Stock Working Capital to Net Assets Ratio by Year (2020–2023)
MGO Global Inc. Common Stock working capital to net assets ratio by year from 2020 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for MGO Global Inc. Common Stock from 2020 to 2023, covering 4 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 MGOL current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 65.3% | $602.29K | $921.75K | $1.92 Million | $1.32 Million | ▼ -33.2 pp |
| 2022 | 98.5% | $-1.18 Million | $-1.19 Million | $440.97K | $1.62 Million | ▲ +3.5 pp |
| 2021 | 95.0% | $-393.16K | $-414.01K | $570.28K | $963.44K | ▼ -5.0 pp |
| 2020 | 100.0% | $-284.76K | $-284.76K | $335.24K | $620.00K | — |