Headway (1776) — Working Capital to Net Assets Ratio
Headway (1776) has a Working Capital to Net Assets ratio of 78.7% as of March 2026. Working capital of NT$727.05 Million (current assets of NT$1.06 Billion minus current liabilities of NT$332.95 Million) is measured against net assets of NT$924.06 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Headway 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
Headway Working Capital to Net Assets (2009–2025)
This chart shows how Headway's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 78.7%, reflecting working capital of NT$727.05 Million against net assets of NT$924.06 Million TWD. See Headway defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Headway (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Headway from 2009 to 2025, covering 17 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 how much is Headway worth.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 77.1% | NT$713.43 Million | NT$925.64 Million | NT$1.04 Billion | NT$322.70 Million | ▼ -10.9 pp |
| 2024 | 87.9% | NT$899.31 Million | NT$1.02 Billion | NT$1.24 Billion | NT$340.35 Million | ▲ +5.8 pp |
| 2023 | 82.2% | NT$812.77 Million | NT$989.22 Million | NT$1.20 Billion | NT$390.02 Million | ▲ +4.7 pp |
| 2022 | 77.4% | NT$862.45 Million | NT$1.11 Billion | NT$1.34 Billion | NT$480.81 Million | ▼ -1.8 pp |
| 2021 | 79.3% | NT$926.47 Million | NT$1.17 Billion | NT$1.37 Billion | NT$445.04 Million | ▼ -0.3 pp |
| 2020 | 79.5% | NT$874.14 Million | NT$1.10 Billion | NT$1.41 Billion | NT$539.34 Million | ▲ +8.4 pp |
| 2019 | 71.2% | NT$792.18 Million | NT$1.11 Billion | NT$1.40 Billion | NT$605.94 Million | ▲ +21.0 pp |
| 2018 | 50.2% | NT$565.13 Million | NT$1.13 Billion | NT$1.19 Billion | NT$622.07 Million | ▼ -5.6 pp |
| 2017 | 55.7% | NT$716.19 Million | NT$1.28 Billion | NT$1.37 Billion | NT$653.72 Million | ▼ -1.7 pp |
| 2016 | 57.5% | NT$759.74 Million | NT$1.32 Billion | NT$1.32 Billion | NT$564.47 Million | ▲ +0.7 pp |
| 2015 | 56.8% | NT$692.16 Million | NT$1.22 Billion | NT$1.27 Billion | NT$576.12 Million | ▼ -4.4 pp |
| 2014 | 61.2% | NT$730.20 Million | NT$1.19 Billion | NT$1.39 Billion | NT$656.83 Million | ▼ -13.1 pp |
| 2013 | 74.2% | NT$831.23 Million | NT$1.12 Billion | NT$1.43 Billion | NT$597.42 Million | ▼ -9.9 pp |
| 2012 | 84.1% | NT$884.53 Million | NT$1.05 Billion | NT$1.53 Billion | NT$649.09 Million | ▲ +15.0 pp |
| 2011 | 69.2% | NT$681.89 Million | NT$985.97 Million | NT$1.34 Billion | NT$658.87 Million | ▲ +11.3 pp |
| 2010 | 57.9% | NT$527.23 Million | NT$911.25 Million | NT$1.40 Billion | NT$869.05 Million | ▼ -1.3 pp |
| 2009 | 59.1% | NT$542.52 Million | NT$917.80 Million | NT$1.21 Billion | NT$663.73 Million | — |