Sunworks Inc (SUNWQ) — Working Capital to Net Assets Ratio
Sunworks Inc (SUNWQ) has a Working Capital to Net Assets ratio of 43.5% as of September 2023. Working capital of $9.40 Million (current assets of $49.30 Million minus current liabilities of $39.90 Million) is measured against net assets of $21.61 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See SUNWQ FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Sunworks Inc Working Capital to Net Assets (2016–2022)
This chart shows how Sunworks Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2016 to 2022. As of September 2023, the ratio stands at 43.5%, reflecting working capital of $9.40 Million against net assets of $21.61 Million USD. See Sunworks Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Sunworks Inc (2016–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Sunworks Inc from 2016 to 2022, covering 7 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 value of Sunworks Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 36.9% | $23.60 Million | $63.94 Million | $74.85 Million | $51.26 Million | ▼ -2.6 pp |
| 2021 | 39.5% | $28.74 Million | $72.77 Million | $53.48 Million | $24.75 Million | ▼ -51.2 pp |
| 2020 | 90.7% | $30.89 Million | $34.06 Million | $45.94 Million | $15.05 Million | ▲ +73.4 pp |
| 2019 | 17.3% | $1.46 Million | $8.44 Million | $19.25 Million | $17.79 Million | ▼ -20.6 pp |
| 2018 | 37.9% | $3.79 Million | $10.00 Million | $21.81 Million | $18.02 Million | ▲ +10.1 pp |
| 2017 | 27.9% | $4.36 Million | $15.66 Million | $28.48 Million | $24.12 Million | ▼ -16.3 pp |
| 2016 | 44.2% | $9.37 Million | $21.20 Million | $28.59 Million | $19.22 Million | — |