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. See XMAX days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see XMAX total assets.
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. Explore XMAX long-term investments to assets to see how much of total assets are deployed in long-term investments.
| 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 | — |