Boqii Holding Limited (BQ) — Working Capital to Net Assets Ratio
Boqii Holding Limited (BQ) has a Working Capital to Net Assets ratio of 66.1% as of September 2025. Working capital of $145.68 Million (current assets of $224.61 Million minus current liabilities of $78.93 Million) is measured against net assets of $220.53 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BQ 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
Boqii Holding Limited Working Capital to Net Assets (2019–2025)
This chart shows how Boqii Holding Limited's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of September 2025, the ratio stands at 66.1%, reflecting working capital of $145.68 Million against net assets of $220.53 Million USD. For the complete balance sheet picture, see Boqii Holding Limited assets under control.
Annual Working Capital to Net Assets for Boqii Holding Limited (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Boqii Holding Limited from 2019 to 2025, covering 7 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 asset resilience ratio of Boqii Holding Limited 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 | 77.3% | $176.45 Million | $228.38 Million | $222.32 Million | $45.87 Million | ▼ -17.0 pp |
| 2024 | 94.3% | $206.21 Million | $218.68 Million | $278.25 Million | $72.04 Million | ▲ +0.9 pp |
| 2023 | 93.4% | $210.04 Million | $224.95 Million | $406.18 Million | $196.14 Million | ▼ -12.4 pp |
| 2022 | 105.8% | $262.70 Million | $248.34 Million | $578.55 Million | $315.86 Million | ▼ -268.7 pp |
| 2021 | 374.5% | $478.18 Million | $127.69 Million | $694.79 Million | $216.61 Million | ▲ +372.8 pp |
| 2020 | 1.7% | $-32.80 Million | $-1.96 Billion | $279.09 Million | $311.89 Million | ▼ -5.9 pp |
| 2019 | 7.5% | $-121.88 Million | $-1.62 Billion | $172.60 Million | $294.48 Million | — |