Tingo Group Inc. (TIO) — Working Capital to Net Assets Ratio
Tingo Group Inc. (TIO) has a Working Capital to Net Assets ratio of 27.3% as of September 2023. Working capital of $164.31 Million (current assets of $622.10 Million minus current liabilities of $457.79 Million) is measured against net assets of $601.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Tingo Group Inc. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tingo Group Inc. Working Capital to Net Assets (2004–2022)
This chart shows how Tingo Group Inc.'s Working Capital to Net Assets ratio has evolved across 19 annual periods from 2004 to 2022. As of September 2023, the ratio stands at 27.3%, reflecting working capital of $164.31 Million against net assets of $601.32 Million USD. Check TIO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tingo Group Inc. (2004–2022)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tingo Group Inc. from 2004 to 2022, covering 19 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 TIO market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2022 | 20.0% | $265.78 Million | $1.33 Billion | $531.18 Million | $265.39 Million | ▼ -49.1 pp |
| 2021 | 69.1% | $102.11 Million | $147.72 Million | $127.50 Million | $25.39 Million | ▲ +29.0 pp |
| 2020 | 40.1% | $26.34 Million | $65.70 Million | $33.33 Million | $6.99 Million | ▼ -87.1 pp |
| 2019 | 127.2% | $4.13 Million | $3.24 Million | $4.42 Million | $290.00K | ▲ +195.3 pp |
| 2018 | -68.1% | $-684.00K | $1.00 Million | $7.87 Million | $8.55 Million | ▼ -119.4 pp |
| 2017 | 51.3% | $3.06 Million | $5.97 Million | $25.31 Million | $22.25 Million | ▼ -10.2 pp |
| 2016 | 61.4% | $6.73 Million | $10.96 Million | $26.35 Million | $19.62 Million | ▼ -14.7 pp |
| 2015 | 76.1% | $13.29 Million | $17.46 Million | $33.53 Million | $20.24 Million | ▼ -5.0 pp |
| 2014 | 81.2% | $16.43 Million | $20.25 Million | $37.06 Million | $20.62 Million | ▼ -22.1 pp |
| 2013 | 103.3% | $26.44 Million | $25.60 Million | $39.21 Million | $12.77 Million | ▼ -11.9 pp |
| 2012 | 115.2% | $19.43 Million | $16.87 Million | $33.98 Million | $14.55 Million | ▼ -105.2 pp |
| 2011 | 220.4% | $7.96 Million | $3.61 Million | $12.07 Million | $4.11 Million | ▲ +112.6 pp |
| 2010 | 107.8% | $4.36 Million | $4.04 Million | $8.79 Million | $4.43 Million | ▼ -17.0 pp |
| 2009 | 124.8% | $1.87 Million | $1.50 Million | $8.36 Million | $6.49 Million | ▲ +23.6 pp |
| 2008 | 101.2% | $1.71 Million | $1.69 Million | $10.04 Million | $8.34 Million | ▼ -7.4 pp |
| 2007 | 108.6% | $1.72 Million | $1.58 Million | $9.45 Million | $7.74 Million | ▲ +2.0 pp |
| 2006 | 106.6% | $1.31 Million | $1.23 Million | $8.05 Million | $6.74 Million | ▲ +20.4 pp |
| 2005 | 86.2% | $1.09 Million | $1.26 Million | $6.60 Million | $5.51 Million | ▼ -3.8 pp |
| 2004 | 90.0% | $1.25 Million | $1.39 Million | $5.74 Million | $4.49 Million | — |