Northann Corp. Working Capital to Net Assets Ratio
Northann Corp. working capital to net assets ratio. Northann Corp. (NCLX) has a Working Capital to Net Assets ratio of 22.9% as of March 2026. Working capital of $4.22 Million (current assets of $12.55 Million minus current liabilities of $8.34 Million) is measured against net assets of $18.45 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Northann Corp. (2022–2025)
Working capital to net assets ratio of Northann Corp. from 2022 to 2025. This chart shows how Northann Corp.'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 22.9%, reflecting working capital of $4.22 Million against net assets of $18.45 Million USD. See how many days can Northann Corp. fund operations to measure how many days the company can operate on defensive assets alone.
Northann Corp. Working Capital to Net Assets Ratio by Year (2022–2025)
Northann Corp. working capital to net assets ratio by year from 2022 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Northann Corp. 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. For the complete balance sheet picture, see Northann Corp. balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 55.1% | $4.97 Million | $9.01 Million | $12.34 Million | $7.37 Million | ▲ +199.8 pp |
| 2024 | -144.7% | $-3.76 Million | $2.60 Million | $5.91 Million | $9.67 Million | ▲ +893.8 pp |
| 2023 | -1038.5% | $-6.05 Million | $582.61K | $6.80 Million | $12.86 Million | ▼ -765.2 pp |
| 2022 | -273.3% | $-5.39 Million | $1.97 Million | $6.59 Million | $11.99 Million | — |