Red Cat Holdings Inc (RCAT) — Working Capital to Net Assets Ratio
Red Cat Holdings Inc (RCAT) has a Working Capital to Net Assets ratio of 86.3% as of January 2026. Working capital of $212.09 Million (current assets of $226.94 Million minus current liabilities of $14.85 Million) is measured against net assets of $245.83 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Red Cat Holdings Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Red Cat Holdings Inc Working Capital to Net Assets (1996–2026)
This chart shows how Red Cat Holdings Inc's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2026. As of January 2026, the ratio stands at 86.3%, reflecting working capital of $212.09 Million against net assets of $245.83 Million USD. Check Red Cat Holdings Inc (RCAT) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Red Cat Holdings Inc (1996–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Red Cat Holdings Inc from 1996 to 2026, covering 30 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 market cap of Red Cat Holdings Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 86.3% | $212.09 Million | $245.83 Million | $226.94 Million | $14.85 Million | ▲ +43.1 pp |
| 2025 | 43.1% | $21.62 Million | $50.12 Million | $25.80 Million | $4.18 Million | ▲ +0.1 pp |
| 2024 | 43.0% | $18.75 Million | $43.56 Million | $22.40 Million | $3.65 Million | ▼ -8.3 pp |
| 2023 | 51.4% | $28.12 Million | $54.77 Million | $32.18 Million | $4.05 Million | ▼ -13.1 pp |
| 2022 | 64.4% | $50.21 Million | $77.92 Million | $55.65 Million | $5.44 Million | ▲ +122.1 pp |
| 2021 | -57.6% | $-3.03 Million | $5.27 Million | $1.64 Million | $4.67 Million | ▼ -24.2 pp |
| 2020 | -33.4% | $-510.93K | $1.53 Million | $318.34K | $829.27K | ▼ -133.4 pp |
| 2019 | 100.0% | $-187.27K | $-187.27K | $603.44K | $790.71K | ▲ +48.8 pp |
| 2018 | 51.2% | $-1.72 Million | $-3.36 Million | $690.52K | $2.41 Million | ▲ +59.9 pp |
| 2017 | -8.7% | $465.33K | $-5.34 Million | $499.78K | $34.45K | ▼ -179.8 pp |
| 2016 | 171.1% | $-314.25K | $-183.71K | $6.17K | $320.42K | ▲ +195.3 pp |
| 2015 | -24.3% | $-307.03K | $1.27 Million | $1.55K | $308.58K | ▼ -65.2 pp |
| 2014 | 40.9% | $114.34K | $279.34K | $142.04K | $27.70K | ▼ -59.1 pp |
| 2013 | 100.0% | $48.67K | $48.67K | $151.21K | $102.54K | ▼ -2.4 pp |
| 2012 | 102.4% | $-1.07 Million | $-1.05 Million | $11.96K | $1.08 Million | ▲ +16.2 pp |
| 2011 | 86.2% | $-836.75K | $-970.75K | $41.48K | $878.23K | ▼ -23.1 pp |
| 2010 | 109.3% | $-1.04 Million | $-951.37K | $30.00K | $1.07 Million | ▼ -4.8 pp |
| 2009 | 114.1% | $-990.00K | $-867.34K | $30.00K | $1.02 Million | ▲ +4.4 pp |
| 2008 | 109.8% | $-1.39 Million | $-1.26 Million | $1.90K | $1.39 Million | ▼ -0.7 pp |
| 2007 | 110.5% | $-1.51 Million | $-1.36 Million | $3.13K | $1.51 Million | ▲ +1.5 pp |
| 2006 | 109.0% | $-1.91 Million | $-1.75 Million | $3.75K | $1.91 Million | ▼ -48.6 pp |
| 2005 | 157.6% | $-2.17 Million | $-1.38 Million | $-4.39K | $2.17 Million | ▲ +85.4 pp |
| 2004 | 72.2% | $-1.33 Million | $-1.84 Million | $15.83K | $1.34 Million | ▼ -37.1 pp |
| 2002 | 109.3% | $-4.00 Million | $-3.66 Million | $30.00K | $4.03 Million | ▼ -103.4 pp |
| 2001 | 212.7% | $-1.68 Million | $-790.00K | $230.00K | $1.91 Million | ▲ +236.5 pp |
| 2000 | -23.8% | $-500.00K | $2.10 Million | $480.00K | $980.00K | ▲ +89.1 pp |
| 1999 | -112.9% | $-1.31 Million | $1.16 Million | $20.00K | $1.33 Million | ▼ -5.6 pp |
| 1998 | -107.3% | $-1.61 Million | $1.50 Million | $20.00K | $1.63 Million | ▲ +15.9 pp |
| 1997 | -123.3% | $-1.43 Million | $1.16 Million | $100.00K | $1.53 Million | ▼ -97.1 pp |
| 1996 | -26.1% | $-290.00K | $1.11 Million | $310.00K | $600.00K | — |