TH International Limited Working Capital to Net Assets Ratio
TH International Limited working capital to net assets ratio. TH International Limited (THCH) has a Working Capital to Net Assets ratio of 54.3% as of June 2026. Working capital of $-764.39 Million (current assets of $295.12 Million minus current liabilities of $1.06 Billion) is measured against net assets of $-1.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check THCH intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of TH International Limited (2019–2025)
Working capital to net assets ratio of TH International Limited from 2019 to 2025. This chart shows how TH International Limited's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of June 2026, the ratio stands at 54.3%, reflecting working capital of $-764.39 Million against net assets of $-1.41 Billion USD. See THCH cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
TH International Limited Working Capital to Net Assets Ratio by Year (2019–2025)
TH International Limited working capital to net assets ratio by year from 2019 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for TH International Limited from 2019 to 2025, 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 the complete balance sheet picture, see THCH total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 54.6% | $-675.64 Million | $-1.24 Billion | $326.63 Million | $1.00 Billion | ▼ -79.7 pp |
| 2024 | 134.3% | $-1.12 Billion | $-833.01 Million | $417.08 Million | $1.54 Billion | ▼ -87.5 pp |
| 2023 | 221.9% | $-937.21 Million | $-422.43 Million | $458.62 Million | $1.40 Billion | ▲ +694.6 pp |
| 2022 | -472.7% | $-521.45 Million | $110.30 Million | $796.81 Million | $1.32 Billion | ▼ -478.2 pp |
| 2021 | 5.5% | $18.68 Million | $339.10 Million | $585.97 Million | $567.29 Million | ▼ -22.8 pp |
| 2020 | 28.3% | $122.65 Million | $433.05 Million | $250.89 Million | $128.24 Million | ▼ -30.7 pp |
| 2019 | 59.1% | $223.55 Million | $378.47 Million | $289.08 Million | $65.52 Million | — |