Net Element, Inc. Working Capital

Working Capital of NETE for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending September 29, 2020 was $170 Thousand (a -110.56% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -109.76%
  • Annual Working Capital for 2019 was $-1.74 Million (a 13.5% increase from previous year)
  • Annual Working Capital for 2018 was $-1.54 Million (a -135.12% decrease from previous year)
  • Annual Working Capital for 2017 was $4.37 Million (a -169.69% decrease from previous year)
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Historical Working Capital of Net Element, Inc.

Most recent Working Capitalof NETE including historical data for past 10 years.

Interactive Chart of Working Capital of Net Element, Inc.

Net Element, Inc. Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.17 $-1.61 $-2.6
2019 $-1.74 $-0.81 $-1.02 $-2.68 $-1.74
2018 $-1.54 $-0.54 $2.97 $3.72 $-1.54
2017 $4.37 $-4.54 $-5.24 $-6.47 $4.37
2016 $-6.28 $-4.1 $-4.05 $-4.13 $-6.28
2015 $-3.1 $-3.17 $-0.83 $-1.85 $-3.1
2014 $-0.74 $0.8 $0.33 $-6.25 $-0.74
2013 $-7.97 $-3.07 $0.54 $12.4 $-7.97
2012 $16.77 $44.37 $45.3 $45.54 $16.77
2011 $-2.48 $-2.48
2010 $46.41 $46.41

Business Profile of Net Element, Inc.

Sector: Technology
Industry: Software—Infrastructure
Net Element, Inc. operates as a financial technology and value-added solutions company in North America, Russia, and the Commonwealth of Independent States. It operates in two segments, North American Transaction Solutions and International Transaction Solutions. The company offers a range of payment acceptance and transaction processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), fraud management solutions, information solutions, and analytical tools. Its services include Unified Payments that provides integrated payment acceptance solutions, value-added POS, and business process management services; Unified m-POS, a mobile POS application that accepts payments; Aptito POS Platform, an integrated POS platform for the hospitality, retail, service, and on the go industries; Restoactive, a POS restaurant management platform; Zero Pay, a zero-fee payment acceptance program for SMB merchants; transactional services, mobile payment transactions, online payment transactions, and other payment technologies under the PayOnline name; Pay-Travel, an integrated payment processing solutions to the travel industry; and Netevia, a multi-channel payments and merchant management platform that delivers end-to-end payment processing through easy-to-use APIs. Net Element, Inc. offers its services through retail and mobile merchants, as well as online. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is based in North Miami Beach, Florida.