Ryde Group Ltd. Working Capital to Net Assets Ratio
Ryde Group Ltd. working capital to net assets ratio. Ryde Group Ltd. (RYDE) has a Working Capital to Net Assets ratio of -21.6% as of September 2025. Working capital of $-487.00K (current assets of $4.50 Million minus current liabilities of $4.99 Million) is measured against net assets of $2.26 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Ryde Group Ltd. tangible book value 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 Ryde Group Ltd. (2021–2024)
Working capital to net assets ratio of Ryde Group Ltd. from 2021 to 2024. This chart shows how Ryde Group Ltd.'s Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of September 2025, the ratio stands at -21.6%, reflecting working capital of $-487.00K against net assets of $2.26 Million USD. See RYDE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Ryde Group Ltd. Working Capital to Net Assets Ratio by Year (2021–2024)
Ryde Group Ltd. working capital to net assets ratio by year from 2021 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Ryde Group Ltd. from 2021 to 2024, 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 RYDE current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 79.2% | $3.06 Million | $3.87 Million | $8.19 Million | $5.12 Million | ▼ -30.3 pp |
| 2023 | 109.5% | $-8.12 Million | $-7.42 Million | $4.46 Million | $12.59 Million | ▲ +85.1 pp |
| 2022 | 24.3% | $-1.39 Million | $-5.74 Million | $3.77 Million | $5.16 Million | ▼ -47.2 pp |
| 2021 | 71.5% | $-1.45 Million | $-2.03 Million | $3.31 Million | $4.77 Million | — |