T3 Defense Inc. (DFNS) — Working Capital to Net Assets Ratio
T3 Defense Inc. (DFNS) has a Working Capital to Net Assets ratio of -31.7% as of March 2026. Working capital of $-68.81 Million (current assets of $22.81 Million minus current liabilities of $91.62 Million) is measured against net assets of $217.09 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see DFNS total asset value.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
T3 Defense Inc. Working Capital to Net Assets (2021–2025)
This chart shows how T3 Defense Inc.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at -31.7%, reflecting working capital of $-68.81 Million against net assets of $217.09 Million USD. Check DFNS cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for T3 Defense Inc. (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for T3 Defense Inc. from 2021 to 2025, covering 5 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 T3 Defense Inc. long-term investment allocation 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 | -19.1% | $-29.99 Million | $157.20 Million | $13.55 Million | $43.55 Million | ▼ -105.1 pp |
| 2024 | 86.0% | $-6.10 Million | $-7.10 Million | $965.71K | $7.07 Million | ▼ -14.0 pp |
| 2023 | 100.0% | $-6.20 Million | $-6.19 Million | $2.93 Million | $9.12 Million | ▲ +134.8 pp |
| 2022 | -34.8% | $-3.79 Million | $10.89 Million | $3.69 Million | $7.47 Million | ▼ -17.4 pp |
| 2021 | -17.4% | $-1.59 Million | $9.16 Million | $5.06 Million | $6.66 Million | — |