Nio Inc Class A ADR (NIO) — Working Capital to Net Assets Ratio
Nio Inc Class A ADR (NIO) has a Working Capital to Net Assets ratio of -35.2% as of September 2025. Working capital of $-4.26 Billion (current assets of $63.06 Billion minus current liabilities of $67.32 Billion) is measured against net assets of $12.09 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Nio Inc Class A ADR (NIO) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nio Inc Class A ADR Working Capital to Net Assets (2016–2024)
This chart shows how Nio Inc Class A ADR's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at -35.2%, reflecting working capital of $-4.26 Billion against net assets of $12.09 Billion USD. Check tangible equity quality of Nio Inc Class A ADR to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nio Inc Class A ADR (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nio Inc Class A ADR from 2016 to 2024, covering 9 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 Nio Inc Class A ADR.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -3.1% | $-424.98 Million | $13.51 Billion | $61.89 Billion | $62.31 Billion | ▼ -45.7 pp |
| 2023 | 42.5% | $12.58 Billion | $29.60 Billion | $70.38 Billion | $57.80 Billion | ▼ -5.6 pp |
| 2022 | 48.1% | $13.30 Billion | $27.65 Billion | $59.15 Billion | $45.85 Billion | ▼ -50.9 pp |
| 2021 | 99.0% | $34.44 Billion | $34.79 Billion | $63.64 Billion | $29.20 Billion | ▼ -19.6 pp |
| 2020 | 118.6% | $32.23 Billion | $27.17 Billion | $46.21 Billion | $13.98 Billion | ▲ +45.8 pp |
| 2019 | 72.8% | $-4.57 Billion | $-6.28 Billion | $4.93 Billion | $9.50 Billion | ▲ +20.4 pp |
| 2018 | 52.4% | $3.58 Billion | $6.82 Billion | $12.17 Billion | $8.59 Billion | ▲ +110.2 pp |
| 2017 | -57.7% | $6.69 Billion | $-11.59 Billion | $8.31 Billion | $1.62 Billion | ▼ -53.9 pp |
| 2016 | -3.8% | $148.46 Million | $-3.92 Billion | $875.03 Million | $726.57 Million | — |