Pony AI Inc. American Depositary Shares (PONY) — Working Capital to Net Assets Ratio
Pony AI Inc. American Depositary Shares (PONY) has a Working Capital to Net Assets ratio of 65.6% as of March 2026. Working capital of $1.09 Billion (current assets of $1.17 Billion minus current liabilities of $72.39 Million) is measured against net assets of $1.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see PONY current and non-current assets.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pony AI Inc. American Depositary Shares Working Capital to Net Assets (2021–2025)
This chart shows how Pony AI Inc. American Depositary Shares's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at 65.6%, reflecting working capital of $1.09 Billion against net assets of $1.67 Billion USD. Check how high is Pony AI Inc. American Depositary Shares's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for Pony AI Inc. American Depositary Shares (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pony AI Inc. American Depositary Shares from 2021 to 2025, covering 5 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. Explore long-term investment intensity of Pony AI Inc. American Depositary Shares to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 67.8% | $1.16 Billion | $1.71 Billion | $1.25 Billion | $91.48 Million | ▼ -11.0 pp |
| 2024 | 78.8% | $763.74 Million | $968.71 Million | $834.62 Million | $70.89 Million | ▼ -10.1 pp |
| 2023 | 88.9% | $618.18 Million | $695.17 Million | $666.35 Million | $48.16 Million | ▲ +199.3 pp |
| 2022 | -110.4% | $595.47 Million | $-539.59 Million | $643.57 Million | $48.10 Million | ▼ -6.9 pp |
| 2021 | -103.5% | $412.04 Million | $-398.21 Million | $442.14 Million | $30.11 Million | — |