Qudian Inc (QD) — Working Capital to Net Assets Ratio
Qudian Inc (QD) has a Working Capital to Net Assets ratio of 80.7% as of September 2025. Working capital of $9.64 Billion (current assets of $11.64 Billion minus current liabilities of $2.00 Billion) is measured against net assets of $11.95 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See QD FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Qudian Inc Working Capital to Net Assets (2014–2024)
This chart shows how Qudian Inc's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 80.7%, reflecting working capital of $9.64 Billion against net assets of $11.95 Billion USD. See operational self-sufficiency of Qudian Inc to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Qudian Inc (2014–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Qudian Inc from 2014 to 2024, covering 11 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 cap of Qudian Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 79.8% | $9.02 Billion | $11.29 Billion | $10.14 Billion | $1.12 Billion | ▼ -0.6 pp |
| 2023 | 80.5% | $9.41 Billion | $11.69 Billion | $10.16 Billion | $754.49 Million | ▼ -6.5 pp |
| 2022 | 87.0% | $10.47 Billion | $12.04 Billion | $11.06 Billion | $584.93 Million | ▼ -6.6 pp |
| 2021 | 93.6% | $11.72 Billion | $12.52 Billion | $12.22 Billion | $493.52 Million | ▼ -0.6 pp |
| 2020 | 94.2% | $11.22 Billion | $11.91 Billion | $11.69 Billion | $472.61 Million | ▼ -15.9 pp |
| 2019 | 110.1% | $13.13 Billion | $11.92 Billion | $17.02 Billion | $3.90 Billion | ▲ +22.6 pp |
| 2018 | 87.5% | $9.47 Billion | $10.82 Billion | $14.49 Billion | $5.02 Billion | ▼ -15.8 pp |
| 2017 | 103.3% | $9.86 Billion | $9.54 Billion | $19.19 Billion | $9.33 Billion | ▲ +173.3 pp |
| 2016 | -70.0% | $2.40 Billion | $-3.43 Billion | $6.93 Billion | $4.53 Billion | ▼ -81.7 pp |
| 2015 | 11.8% | $-773.06 Million | $-6.58 Billion | $2.44 Billion | $3.22 Billion | ▼ -149.5 pp |
| 2014 | 161.3% | $-61.37 Million | $-38.06 Million | $445.36 Million | $506.73 Million | — |