Kumulus Vape SA (ALVAP) — Working Capital to Net Assets Ratio

Kumulus Vape SA (ALVAP) has a Working Capital to Net Assets ratio of 97.6% as of June 2025. Working capital of €16.17 Million (current assets of €23.43 Million minus current liabilities of €7.26 Million) is measured against net assets of €16.57 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Kumulus Vape SA to measure how many days the company can operate on defensive assets alone.