PHARMING GRP SP. ADRS (PHG) — Working Capital to Net Assets Ratio

PHARMING GRP SP. ADRS (PHG) has a Working Capital to Net Assets ratio of 66.3% as of December 2025. Working capital of €183.68 Million (current assets of €299.47 Million minus current liabilities of €115.79 Million) is measured against net assets of €277.10 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See PHG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.