TOYO Co., Ltd Ordinary Shares (TOYO) — Working Capital to Net Assets Ratio
TOYO Co., Ltd Ordinary Shares (TOYO) has a Working Capital to Net Assets ratio of -187.0% as of June 2025. Working capital of $-131.38 Million (current assets of $117.88 Million minus current liabilities of $249.26 Million) is measured against net assets of $70.24 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TOYO cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TOYO Co., Ltd Ordinary Shares Working Capital to Net Assets (2021–2024)
This chart shows how TOYO Co., Ltd Ordinary Shares's Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of June 2025, the ratio stands at -187.0%, reflecting working capital of $-131.38 Million against net assets of $70.24 Million USD. For the complete balance sheet picture, see TOYO current and non-current assets.
Annual Working Capital to Net Assets for TOYO Co., Ltd Ordinary Shares (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for TOYO Co., Ltd Ordinary Shares from 2021 to 2024, covering 4 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. Read TOYO Co., Ltd Ordinary Shares (TOYO) financial obligations for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -117.2% | $-69.64 Million | $59.44 Million | $55.39 Million | $125.03 Million | ▲ +34.8 pp |
| 2023 | -151.9% | $-86.44 Million | $56.90 Million | $82.75 Million | $169.19 Million | ▼ -147.6 pp |
| 2022 | -4.3% | $-2.84 Million | $65.34 Million | $36.61K | $2.88 Million | ▼ -4.6 pp |
| 2021 | 0.3% | $227.50K | $90.56 Million | $310.23K | $82.73K | — |