Phoenix New Media Limited (FENG) — Working Capital to Net Assets Ratio
Phoenix New Media Limited (FENG) has a Working Capital to Net Assets ratio of 82.3% as of March 2026. Working capital of $892.04 Million (current assets of $1.36 Billion minus current liabilities of $466.53 Million) is measured against net assets of $1.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See FENG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Phoenix New Media Limited Working Capital to Net Assets (2010–2025)
This chart shows how Phoenix New Media Limited's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2010 to 2025. As of March 2026, the ratio stands at 82.3%, reflecting working capital of $892.04 Million against net assets of $1.08 Billion USD. For the complete balance sheet picture, see balance sheet size of Phoenix New Media Limited.
Annual Working Capital to Net Assets for Phoenix New Media Limited (2010–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Phoenix New Media Limited from 2010 to 2025, covering 16 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. Check Phoenix New Media Limited (FENG) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 83.0% | $920.62 Million | $1.11 Billion | $1.42 Billion | $498.57 Million | ▼ -1.1 pp |
| 2024 | 84.2% | $937.03 Million | $1.11 Billion | $1.47 Billion | $537.32 Million | ▲ +2.4 pp |
| 2023 | 81.8% | $951.63 Million | $1.16 Billion | $1.48 Billion | $526.99 Million | ▲ +3.0 pp |
| 2022 | 78.8% | $997.33 Million | $1.27 Billion | $1.66 Billion | $664.32 Million | ▼ -1.1 pp |
| 2021 | 79.9% | $1.11 Billion | $1.39 Billion | $2.08 Billion | $966.98 Million | ▼ -1.7 pp |
| 2020 | 81.6% | $1.36 Billion | $1.66 Billion | $2.42 Billion | $1.06 Billion | ▲ +51.9 pp |
| 2019 | 29.6% | $1.05 Billion | $3.54 Billion | $2.56 Billion | $1.51 Billion | ▲ +1.7 pp |
| 2018 | 27.9% | $947.30 Million | $3.39 Billion | $2.02 Billion | $1.07 Billion | ▼ -18.9 pp |
| 2017 | 46.8% | $1.17 Billion | $2.50 Billion | $2.24 Billion | $1.07 Billion | ▼ -5.9 pp |
| 2016 | 52.7% | $1.14 Billion | $2.16 Billion | $2.12 Billion | $983.08 Million | ▼ -13.1 pp |
| 2015 | 65.8% | $1.19 Billion | $1.80 Billion | $1.93 Billion | $742.84 Million | ▼ -19.9 pp |
| 2014 | 85.7% | $1.47 Billion | $1.72 Billion | $2.06 Billion | $591.99 Million | ▼ -7.7 pp |
| 2013 | 93.4% | $1.47 Billion | $1.58 Billion | $1.94 Billion | $469.49 Million | ▲ +2.0 pp |
| 2012 | 91.4% | $1.25 Billion | $1.37 Billion | $1.56 Billion | $306.92 Million | ▼ -4.5 pp |
| 2011 | 95.9% | $1.25 Billion | $1.31 Billion | $1.51 Billion | $252.21 Million | ▲ +10.5 pp |
| 2010 | 85.4% | $252.15 Million | $295.22 Million | $400.71 Million | $148.56 Million | — |