Netcapital Inc Working Capital to Net Assets Ratio
Netcapital Inc working capital to net assets ratio. Netcapital Inc (NCPL) has a Working Capital to Net Assets ratio of -13.5% as of January 2026. Working capital of $-2.92 Million (current assets of $1.04 Million minus current liabilities of $3.96 Million) is measured against net assets of $21.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Netcapital Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Netcapital Inc (2014–2025)
Working capital to net assets ratio of Netcapital Inc from 2014 to 2025. This chart shows how Netcapital Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2014 to 2025. As of January 2026, the ratio stands at -13.5%, reflecting working capital of $-2.92 Million against net assets of $21.60 Million USD. See Netcapital Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Netcapital Inc Working Capital to Net Assets Ratio by Year (2014–2025)
Netcapital Inc working capital to net assets ratio by year from 2014 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Netcapital Inc from 2014 to 2025, covering 10 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 NCPL total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -34.2% | $-5.10 Million | $14.91 Million | $399.61K | $5.50 Million | ▼ -28.7 pp |
| 2024 | -5.5% | $-2.07 Million | $37.94 Million | $1.04 Million | $3.12 Million | ▲ +1.8 pp |
| 2023 | -7.3% | $-2.62 Million | $36.16 Million | $2.54 Million | $5.16 Million | ▲ +5.1 pp |
| 2022 | -12.3% | $-3.11 Million | $25.24 Million | $2.91 Million | $6.03 Million | ▲ +20.6 pp |
| 2021 | -32.9% | $-4.67 Million | $14.18 Million | $4.48 Million | $9.15 Million | ▲ +96.3 pp |
| 2020 | -129.2% | $-877.58K | $679.16K | $656.76K | $1.53 Million | ▼ -189.2 pp |
| 2019 | 60.0% | $-518.88K | $-865.26K | $65.81K | $584.68K | ▲ +23.6 pp |
| 2018 | 36.3% | $-538.99K | $-1.48 Million | $43.41K | $582.40K | ▼ -63.7 pp |
| 2017 | 100.0% | $-2.59 Million | $-2.59 Million | $19.75K | $2.61 Million | ▲ +60.0 pp |
| 2014 | 40.0% | $-284.23K | $-710.51K | $1.62K | $285.85K | — |