PHARVARIS N.V. EO -12 (9EN) — Working Capital to Net Assets Ratio

PHARVARIS N.V. EO -12 (9EN) has a Working Capital to Net Assets ratio of 99.4% as of December 2025. Working capital of €269.56 Million (current assets of €299.17 Million minus current liabilities of €29.60 Million) is measured against net assets of €271.27 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 9EN net asset quality index to measure how much of total assets are equity-financed.