Holdco Nuvo Group D.G Ltd (NUVOQ) — Working Capital to Net Assets Ratio
Holdco Nuvo Group D.G Ltd (NUVOQ) has a Working Capital to Net Assets ratio of 43.5% as of December 2023. Working capital of $-29.37 Million (current assets of $1.58 Million minus current liabilities of $30.95 Million) is measured against net assets of $-67.49 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Holdco Nuvo Group D.G Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Holdco Nuvo Group D.G Ltd Working Capital to Net Assets (2021–2023)
This chart shows how Holdco Nuvo Group D.G Ltd's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of December 2023, the ratio stands at 43.5%, reflecting working capital of $-29.37 Million against net assets of $-67.49 Million USD. See Holdco Nuvo Group D.G Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Holdco Nuvo Group D.G Ltd (2021–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Holdco Nuvo Group D.G Ltd from 2021 to 2023, covering 3 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 NUVOQ stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 43.5% | $-29.37 Million | $-67.49 Million | $1.58 Million | $30.95 Million | ▼ -58.4 pp |
| 2022 | 101.9% | $-39.44 Million | $-38.70 Million | $2.60 Million | $42.04 Million | ▼ -3.0 pp |
| 2021 | 104.9% | $-27.12 Million | $-25.84 Million | $5.78 Million | $32.90 Million | — |