Papaya Growth Opportunity Corp I (PPYA) — Working Capital to Net Assets Ratio
Papaya Growth Opportunity Corp I (PPYA) has a Working Capital to Net Assets ratio of 104.4% as of September 2025. Working capital of $-24.13 Million (current assets of $186.71K minus current liabilities of $24.32 Million) is measured against net assets of $-23.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Papaya Growth Opportunity Corp I defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Papaya Growth Opportunity Corp I Working Capital to Net Assets (2021–2024)
This chart shows how Papaya Growth Opportunity Corp I's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of September 2025, the ratio stands at 104.4%, reflecting working capital of $-24.13 Million against net assets of $-23.10 Million USD. For the complete balance sheet picture, see Papaya Growth Opportunity Corp I balance sheet assets.
Annual Working Capital to Net Assets for Papaya Growth Opportunity Corp I (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Papaya Growth Opportunity Corp I 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 PPYA 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 | 153.2% | $-23.15 Million | $-15.11 Million | $163.96K | $23.32 Million | ▲ +693.4 pp |
| 2023 | -540.2% | $-21.07 Million | $3.90 Million | $139.74K | $21.21 Million | ▼ -534.9 pp |
| 2022 | -5.3% | $-15.01 Million | $282.00 Million | $577.67K | $15.59 Million | ▼ -3296.9 pp |
| 2021 | 3291.5% | $-262.40K | $-7.97K | $21.99K | $284.39K | — |