Northann Corp. (NCLX) — 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. See NCLX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northann Corp. Working Capital to Net Assets (2022–2025)
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. For the complete balance sheet picture, see Northann Corp. asset portfolio.
Annual Working Capital to Net Assets for Northann Corp. (2022–2025)
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. Read Northann Corp. balance sheet liabilities for a breakdown of total debt and financial obligations.
| 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 | — |