Cub Elecparts Inc (2231) — Working Capital to Net Assets Ratio
Cub Elecparts Inc (2231) has a Working Capital to Net Assets ratio of 45.5% as of March 2026. Working capital of NT$2.04 Billion (current assets of NT$5.91 Billion minus current liabilities of NT$3.87 Billion) is measured against net assets of NT$4.48 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See financial agility of Cub Elecparts Inc to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cub Elecparts Inc Working Capital to Net Assets (2005–2025)
This chart shows how Cub Elecparts Inc's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of March 2026, the ratio stands at 45.5%, reflecting working capital of NT$2.04 Billion against net assets of NT$4.48 Billion TWD. See Cub Elecparts Inc (2231) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Cub Elecparts Inc (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cub Elecparts Inc from 2005 to 2025, covering 21 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 2231 market cap overview.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.6% | NT$2.16 Billion | NT$4.44 Billion | NT$6.05 Billion | NT$3.89 Billion | ▲ +4.0 pp |
| 2024 | 44.6% | NT$2.51 Billion | NT$5.62 Billion | NT$7.19 Billion | NT$4.69 Billion | ▼ -25.7 pp |
| 2023 | 70.3% | NT$3.68 Billion | NT$5.24 Billion | NT$6.13 Billion | NT$2.45 Billion | ▲ +8.6 pp |
| 2022 | 61.8% | NT$3.19 Billion | NT$5.17 Billion | NT$5.59 Billion | NT$2.40 Billion | ▲ +10.3 pp |
| 2021 | 51.5% | NT$2.40 Billion | NT$4.66 Billion | NT$6.16 Billion | NT$3.76 Billion | ▼ -3.5 pp |
| 2020 | 55.0% | NT$1.96 Billion | NT$3.57 Billion | NT$4.70 Billion | NT$2.74 Billion | ▲ +12.0 pp |
| 2019 | 43.0% | NT$1.95 Billion | NT$4.53 Billion | NT$4.48 Billion | NT$2.53 Billion | ▲ +9.5 pp |
| 2018 | 33.5% | NT$1.34 Billion | NT$4.00 Billion | NT$4.03 Billion | NT$2.69 Billion | ▼ -0.6 pp |
| 2017 | 34.1% | NT$1.22 Billion | NT$3.59 Billion | NT$4.13 Billion | NT$2.90 Billion | ▼ -32.5 pp |
| 2016 | 66.6% | NT$2.16 Billion | NT$3.24 Billion | NT$4.64 Billion | NT$2.48 Billion | ▼ -3.7 pp |
| 2015 | 70.2% | NT$1.78 Billion | NT$2.54 Billion | NT$2.36 Billion | NT$582.14 Million | ▲ +16.8 pp |
| 2014 | 53.4% | NT$1.06 Billion | NT$1.99 Billion | NT$1.51 Billion | NT$441.94 Million | ▼ -4.1 pp |
| 2013 | 57.5% | NT$815.75 Million | NT$1.42 Billion | NT$1.18 Billion | NT$359.39 Million | ▲ +23.4 pp |
| 2012 | 34.1% | NT$419.66 Million | NT$1.23 Billion | NT$698.52 Million | NT$278.85 Million | ▼ -2.2 pp |
| 2011 | 36.3% | NT$393.05 Million | NT$1.08 Billion | NT$627.50 Million | NT$234.44 Million | ▼ -0.3 pp |
| 2010 | 36.6% | NT$417.20 Million | NT$1.14 Billion | NT$713.65 Million | NT$296.45 Million | ▲ +5.4 pp |
| 2009 | 31.1% | NT$278.43 Million | NT$894.19 Million | NT$607.59 Million | NT$329.16 Million | ▲ +14.1 pp |
| 2008 | 17.1% | NT$118.60 Million | NT$694.93 Million | NT$473.84 Million | NT$355.24 Million | ▲ +0.5 pp |
| 2007 | 16.6% | NT$106.24 Million | NT$641.19 Million | NT$445.97 Million | NT$339.73 Million | ▼ -1.6 pp |
| 2006 | 18.2% | NT$92.46 Million | NT$508.30 Million | NT$345.23 Million | NT$252.77 Million | ▲ +25.9 pp |
| 2005 | -7.7% | NT$-28.29 Million | NT$365.05 Million | NT$271.03 Million | NT$299.32 Million | — |