XMax Inc. (XMAX) — Working Capital to Net Assets Ratio
XMax Inc. (XMAX) has a Working Capital to Net Assets ratio of 45.1% as of March 2026. Working capital of $18.18 Million (current assets of $19.71 Million minus current liabilities of $1.52 Million) is measured against net assets of $40.35 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Read debt load of XMax Inc. for a breakdown of total debt and financial obligations.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
XMax Inc. Working Capital to Net Assets (2022–2025)
This chart shows how XMax Inc.'s Working Capital to Net Assets ratio has evolved across 4 annual periods from 2022 to 2025. As of March 2026, the ratio stands at 45.1%, reflecting working capital of $18.18 Million against net assets of $40.35 Million USD. See XMAX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Annual Working Capital to Net Assets for XMax Inc. (2022–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for XMax Inc. from 2022 to 2025, 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. For live market cap and the full company profile, see market value of XMax Inc..
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 33.6% | $9.39 Million | $27.96 Million | $11.78 Million | $2.39 Million | ▼ -33.8 pp |
| 2024 | 67.4% | $2.11 Million | $3.12 Million | $7.93 Million | $5.83 Million | ▲ +55.3 pp |
| 2023 | 12.1% | $60.06K | $496.35K | $3.75 Million | $3.69 Million | ▼ -87.1 pp |
| 2022 | 99.2% | $6.56 Million | $6.61 Million | $8.20 Million | $1.64 Million | — |