TH International Limited (THCH) — Working Capital to Net Assets Ratio
TH International Limited (THCH) has a Working Capital to Net Assets ratio of 54.6% as of March 2026. Working capital of $-676.07 Million (current assets of $326.83 Million minus current liabilities of $1.00 Billion) is measured against net assets of $-1.24 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of TH International Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TH International Limited Working Capital to Net Assets (2019–2025)
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 March 2026, the ratio stands at 54.6%, reflecting working capital of $-676.07 Million against net assets of $-1.24 Billion USD. Check TH International Limited (THCH) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TH International Limited (2019–2025)
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 live market cap and the full company profile, see how much is TH International Limited worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 54.6% | $-676.07 Million | $-1.24 Billion | $326.83 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 | — |