Headway (1776) — Working Capital to Net Assets Ratio
Headway (1776) has a Working Capital to Net Assets ratio of 77.1% as of December 2025. Working capital of NT$713.43 Million (current assets of NT$1.04 Billion minus current liabilities of NT$322.70 Million) is measured against net assets of NT$925.64 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Headway net asset quality index to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 77.1%, reflecting working capital of NT$713.43 Million against net assets of NT$925.64 Million TWD. Check Headway tangible book value ratio to evaluate the tangible quality of the company's equity base.
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 market cap of Headway.
| 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 | — |