Bicycle Therapeutics plc (50BA) — Working Capital to Net Assets Ratio
Bicycle Therapeutics plc (50BA) has a Working Capital to Net Assets ratio of 102.9% as of March 2026. Working capital of €570.25 Million (current assets of €619.13 Million minus current liabilities of €48.89 Million) is measured against net assets of €554.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 50BA financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bicycle Therapeutics plc Working Capital to Net Assets (2018–2025)
This chart shows how Bicycle Therapeutics plc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of March 2026, the ratio stands at 102.9%, reflecting working capital of €570.25 Million against net assets of €554.32 Million EUR. See 50BA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Bicycle Therapeutics plc (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bicycle Therapeutics plc from 2018 to 2025, covering 8 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 50BA market cap overview.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 102.6% | €625.90 Million | €609.98 Million | €682.88 Million | €56.98 Million | ▼ -6.0 pp |
| 2024 | 108.6% | €861.38 Million | €793.06 Million | €928.61 Million | €67.23 Million | ▼ -24.1 pp |
| 2023 | 132.7% | €492.33 Million | €370.93 Million | €561.87 Million | €69.54 Million | ▲ +16.0 pp |
| 2022 | 116.7% | €316.04 Million | €270.78 Million | €369.38 Million | €53.34 Million | ▼ -5.3 pp |
| 2021 | 122.0% | €422.32 Million | €346.25 Million | €458.56 Million | €36.24 Million | ▼ -16.9 pp |
| 2020 | 138.9% | €132.59 Million | €95.46 Million | €155.72 Million | €23.13 Million | ▲ +36.6 pp |
| 2019 | 102.3% | €95.33 Million | €93.20 Million | €104.15 Million | €8.82 Million | ▲ +199.4 pp |
| 2018 | -97.2% | €67.84 Million | €-69.83 Million | €76.77 Million | €8.93 Million | — |