Pheton Holdings Ltd Class A Ordinary Shares (PTHL) — Working Capital to Net Assets Ratio

Pheton Holdings Ltd Class A Ordinary Shares (PTHL) has a Working Capital to Net Assets ratio of 86.4% as of September 2025. Working capital of $4.09 Million (current assets of $4.47 Million minus current liabilities of $382.60K) is measured against net assets of $4.73 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See PTHL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.