Holdco Nuvo Group D.G Ltd. Ordinary Shares (NUVO) — Working Capital to Net Assets Ratio
Holdco Nuvo Group D.G Ltd. Ordinary Shares (NUVO) has a Working Capital to Net Assets ratio of 76.0% as of March 2024. Working capital of $-29.37 Million (current assets of $1.58 Million minus current liabilities of $30.95 Million) is measured against net assets of $-38.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Holdco Nuvo Group D.G Ltd. Ordinary Shar financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Holdco Nuvo Group D.G Ltd. Ordinary Shares Working Capital to Net Assets (2019–2023)
This chart shows how Holdco Nuvo Group D.G Ltd. Ordinary Shares's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2019 to 2023. As of March 2024, the ratio stands at 76.0%, reflecting working capital of $-29.37 Million against net assets of $-38.63 Million USD. See NUVO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Holdco Nuvo Group D.G Ltd. Ordinary Shares (2019–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Holdco Nuvo Group D.G Ltd. Ordinary Shares from 2019 to 2023, covering 5 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 live market cap and the full company profile, see market value of Holdco Nuvo Group D.G Ltd. Ordinary Shar.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 76.0% | $-29.37 Million | $-38.63 Million | $1.58 Million | $30.95 Million | ▲ +76.2 pp |
| 2022 | -0.2% | $-413.23K | $251.67 Million | $481.61K | $894.84K | ▼ -0.7 pp |
| 2021 | 0.5% | $1.28 Million | $249.42 Million | $1.37 Million | $93.01K | ▼ -6.1 pp |
| 2020 | 6.7% | $-81.00 | $-1.22K | $1.34K | $1.42K | ▲ +29.0 pp |
| 2019 | -22.3% | $-240.00 | $1.08K | $1.62K | $1.86K | — |