51Talk Online Education Group Working Capital to Net Assets Ratio
51Talk Online Education Group working capital to net assets ratio. 51Talk Online Education Group (COE) has a Working Capital to Net Assets ratio of 111.9% as of March 2026. Working capital of $-34.96 Million (current assets of $60.40 Million minus current liabilities of $95.36 Million) is measured against net assets of $-31.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check COE goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of 51Talk Online Education Group (2013–2025)
Working capital to net assets ratio of 51Talk Online Education Group from 2013 to 2025. This chart shows how 51Talk Online Education Group's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 111.9%, reflecting working capital of $-34.96 Million against net assets of $-31.25 Million USD. See COE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
51Talk Online Education Group Working Capital to Net Assets Ratio by Year (2013–2025)
51Talk Online Education Group working capital to net assets ratio by year from 2013 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for 51Talk Online Education Group from 2013 to 2025, covering 13 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 the complete balance sheet picture, see COE total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 111.9% | $-34.96 Million | $-31.25 Million | $60.40 Million | $95.36 Million | ▼ -2.4 pp |
| 2024 | 114.3% | $-16.81 Million | $-14.71 Million | $40.09 Million | $56.90 Million | ▲ +0.1 pp |
| 2023 | 114.1% | $-9.35 Million | $-8.19 Million | $29.78 Million | $39.13 Million | ▲ +22.0 pp |
| 2022 | 92.1% | $6.06 Million | $6.58 Million | $26.57 Million | $20.51 Million | ▼ -36.4 pp |
| 2021 | 128.5% | $-145.79 Million | $-113.43 Million | $151.25 Million | $297.04 Million | ▼ -33.0 pp |
| 2020 | 161.5% | $-214.35 Million | $-132.70 Million | $247.61 Million | $461.96 Million | ▲ +44.2 pp |
| 2019 | 117.3% | $-175.52 Million | $-149.59 Million | $170.15 Million | $345.67 Million | ▲ +20.6 pp |
| 2018 | 96.7% | $-135.34 Million | $-139.94 Million | $138.78 Million | $274.11 Million | ▼ -10.4 pp |
| 2017 | 107.1% | $-109.67 Million | $-102.38 Million | $108.50 Million | $218.17 Million | ▼ -20.0 pp |
| 2016 | 127.1% | $-18.16 Million | $-14.28 Million | $102.65 Million | $120.81 Million | ▼ -3.8 pp |
| 2015 | 130.9% | $-17.40 Million | $-13.30 Million | $39.45 Million | $56.85 Million | ▲ +38.0 pp |
| 2014 | 92.9% | $16.66 Million | $17.94 Million | $35.08 Million | $18.42 Million | ▼ -4.4 pp |
| 2013 | 97.3% | $6.32 Million | $6.49 Million | $10.29 Million | $3.98 Million | — |