RLX Technology Inc (RLX) — Working Capital to Net Assets Ratio
RLX Technology Inc (RLX) has a Working Capital to Net Assets ratio of 52.8% as of September 2025. Working capital of $8.55 Billion (current assets of $9.58 Billion minus current liabilities of $1.03 Billion) is measured against net assets of $16.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See RLX Technology Inc 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
RLX Technology Inc Working Capital to Net Assets (2018–2024)
This chart shows how RLX Technology Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 52.8%, reflecting working capital of $8.55 Billion against net assets of $16.19 Billion USD. See defensive interval ratio of RLX Technology Inc to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for RLX Technology Inc (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for RLX Technology Inc from 2018 to 2024, covering 7 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 RLX Technology Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 52.8% | $8.44 Billion | $15.99 Billion | $9.30 Billion | $857.85 Million | ▼ -0.5 pp |
| 2023 | 53.3% | $8.32 Billion | $15.60 Billion | $8.98 Billion | $668.67 Million | ▼ -13.7 pp |
| 2022 | 67.0% | $10.41 Billion | $15.54 Billion | $11.20 Billion | $789.83 Million | ▼ -16.0 pp |
| 2021 | 82.9% | $11.21 Billion | $13.52 Billion | $13.95 Billion | $2.74 Billion | ▼ -7.9 pp |
| 2020 | 90.8% | $209.53 Million | $230.68 Million | $591.29 Million | $381.75 Million | ▼ -438.9 pp |
| 2019 | 529.7% | $562.97 Million | $106.28 Million | $1.18 Billion | $619.90 Million | ▲ +430.0 pp |
| 2018 | 99.7% | $6.60 Million | $6.62 Million | $104.34 Million | $97.73 Million | — |