Surf Air Mobility Inc. (SRFM) — Working Capital to Net Assets Ratio
Surf Air Mobility Inc. (SRFM) has a Working Capital to Net Assets ratio of 197.7% as of March 2026. Working capital of $-111.87 Million (current assets of $21.06 Million minus current liabilities of $132.93 Million) is measured against net assets of $-56.59 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Surf Air Mobility Inc. (SRFM) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Surf Air Mobility Inc. Working Capital to Net Assets (2020–2025)
This chart shows how Surf Air Mobility Inc.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 197.7%, reflecting working capital of $-111.87 Million against net assets of $-56.59 Million USD. For the complete balance sheet picture, see Surf Air Mobility Inc. assets under control.
Annual Working Capital to Net Assets for Surf Air Mobility Inc. (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Surf Air Mobility Inc. from 2020 to 2025, covering 6 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. Read SRFM liabilities breakdown for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 117.4% | $-64.40 Million | $-54.86 Million | $30.92 Million | $95.32 Million | ▲ +70.9 pp |
| 2024 | 46.4% | $-55.73 Million | $-120.00 Million | $33.88 Million | $89.61 Million | ▼ -111.5 pp |
| 2023 | 157.9% | $-122.38 Million | $-77.48 Million | $17.74 Million | $140.11 Million | ▲ +135.7 pp |
| 2022 | 22.3% | $-49.48 Million | $-222.09 Million | $7.92 Million | $57.40 Million | ▼ -8.7 pp |
| 2021 | 31.0% | $-53.64 Million | $-173.03 Million | $1.94 Million | $55.58 Million | ▲ +6.1 pp |
| 2020 | 24.9% | $-35.20 Million | $-141.54 Million | $8.37 Million | $43.57 Million | — |