noco-noco Inc. Ordinary Share (NCNC) — Working Capital to Net Assets Ratio
noco-noco Inc. Ordinary Share (NCNC) has a Working Capital to Net Assets ratio of 41.2% as of September 2024. Working capital of $-2.93 Million (current assets of $494.10K minus current liabilities of $3.42 Million) is measured against net assets of $-7.11 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See noco-noco Inc. Ordinary Share 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
noco-noco Inc. Ordinary Share Working Capital to Net Assets (2021–2024)
This chart shows how noco-noco Inc. Ordinary Share's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of September 2024, the ratio stands at 41.2%, reflecting working capital of $-2.93 Million against net assets of $-7.11 Million USD. For the complete balance sheet picture, see noco-noco Inc. Ordinary Share asset portfolio.
Annual Working Capital to Net Assets for noco-noco Inc. Ordinary Share (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for noco-noco Inc. Ordinary Share from 2021 to 2024, 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. Check noco-noco Inc. Ordinary Share asset resilience 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 | 41.2% | $-2.93 Million | $-7.11 Million | $494.10K | $3.42 Million | ▲ +32.9 pp |
| 2023 | 8.3% | $-304.45K | $-3.68 Million | $455.94K | $760.39K | ▼ -98.8 pp |
| 2022 | 107.1% | $-840.36K | $-784.82K | $183.89K | $1.02 Million | ▼ -8.6 pp |
| 2021 | 115.7% | $-1.44 Million | $-1.24 Million | $278.33K | $1.71 Million | — |