ZKH Group Limited Working Capital to Net Assets Ratio
ZKH Group Limited working capital to net assets ratio. ZKH Group Limited (ZKH) has a Working Capital to Net Assets ratio of 92.4% as of March 2026. Working capital of $2.68 Billion (current assets of $5.88 Billion minus current liabilities of $3.19 Billion) is measured against net assets of $2.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check ZKH Group Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of ZKH Group Limited (2020–2025)
Working capital to net assets ratio of ZKH Group Limited from 2020 to 2025. This chart shows how ZKH Group Limited'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 92.4%, reflecting working capital of $2.68 Billion against net assets of $2.91 Billion USD. See defensive interval ratio of ZKH Group Limited to measure how many days the company can operate on defensive assets alone.
ZKH Group Limited Working Capital to Net Assets Ratio by Year (2020–2025)
ZKH Group Limited working capital to net assets ratio by year from 2020 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for ZKH Group Limited 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. For the complete balance sheet picture, see ZKH Group Limited assets under control.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 92.0% | $2.85 Billion | $3.10 Billion | $6.19 Billion | $3.34 Billion | ▲ +0.9 pp |
| 2024 | 91.1% | $2.93 Billion | $3.21 Billion | $6.95 Billion | $4.03 Billion | ▲ +0.0 pp |
| 2023 | 91.1% | $2.93 Billion | $3.21 Billion | $6.95 Billion | $4.03 Billion | ▲ +160.0 pp |
| 2022 | -68.9% | $2.80 Billion | $-4.07 Billion | $6.28 Billion | $3.48 Billion | ▼ -0.6 pp |
| 2021 | -68.3% | $1.89 Billion | $-2.77 Billion | $5.28 Billion | $3.39 Billion | ▼ -160.7 pp |
| 2020 | 92.4% | $3.01 Billion | $3.26 Billion | $5.08 Billion | $2.07 Billion | — |