Full Truck Alliance Co Ltd ADR (YMM) — Working Capital to Net Assets Ratio
Full Truck Alliance Co Ltd ADR (YMM) has a Working Capital to Net Assets ratio of 48.9% as of December 2025. Working capital of $20.21 Billion (current assets of $23.07 Billion minus current liabilities of $2.85 Billion) is measured against net assets of $41.30 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Full Truck Alliance Co Ltd ADR balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Full Truck Alliance Co Ltd ADR Working Capital to Net Assets (2019–2025)
This chart shows how Full Truck Alliance Co Ltd ADR's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 48.9%, reflecting working capital of $20.21 Billion against net assets of $41.30 Billion USD. Check YMM goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Full Truck Alliance Co Ltd ADR (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Full Truck Alliance Co Ltd ADR from 2019 to 2025, 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 Full Truck Alliance Co Ltd ADR.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.9% | $20.21 Billion | $41.30 Billion | $23.07 Billion | $2.85 Billion | ▼ -14.6 pp |
| 2024 | 63.6% | $24.24 Billion | $38.14 Billion | $27.26 Billion | $3.02 Billion | ▲ +5.8 pp |
| 2023 | 57.7% | $20.72 Billion | $35.89 Billion | $24.00 Billion | $3.27 Billion | ▼ -25.9 pp |
| 2022 | 83.6% | $28.27 Billion | $33.81 Billion | $31.00 Billion | $2.73 Billion | ▲ +0.6 pp |
| 2021 | 83.0% | $26.16 Billion | $31.53 Billion | $28.90 Billion | $2.73 Billion | ▲ +1.8 pp |
| 2020 | 81.2% | $18.72 Billion | $23.05 Billion | $20.68 Billion | $1.96 Billion | ▲ +11.0 pp |
| 2019 | 70.2% | $10.22 Billion | $14.55 Billion | $12.50 Billion | $2.28 Billion | — |