AN2 Therapeutics Inc (ANTX) — Working Capital to Net Assets Ratio
AN2 Therapeutics Inc (ANTX) has a Working Capital to Net Assets ratio of 96.5% as of December 2025. Working capital of $51.22 Million (current assets of $59.94 Million minus current liabilities of $8.72 Million) is measured against net assets of $53.06 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is AN2 Therapeutics Inc's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AN2 Therapeutics Inc Working Capital to Net Assets (2019–2025)
This chart shows how AN2 Therapeutics Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 96.5%, reflecting working capital of $51.22 Million against net assets of $53.06 Million USD. Check how tangible is AN2 Therapeutics Inc's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AN2 Therapeutics Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for AN2 Therapeutics Inc from 2019 to 2025, covering 7 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 AN2 Therapeutics Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 96.5% | $51.22 Million | $53.06 Million | $59.94 Million | $8.72 Million | ▲ +3.6 pp |
| 2024 | 92.9% | $76.02 Million | $81.85 Million | $86.26 Million | $10.24 Million | ▲ +15.5 pp |
| 2023 | 77.4% | $96.46 Million | $124.70 Million | $110.51 Million | $14.04 Million | ▼ -18.5 pp |
| 2022 | 95.9% | $91.44 Million | $95.37 Million | $98.62 Million | $7.19 Million | ▲ +4.3 pp |
| 2021 | 91.6% | $56.71 Million | $61.91 Million | $60.11 Million | $3.40 Million | ▼ -9.3 pp |
| 2020 | 100.9% | $2.77 Million | $2.75 Million | $4.23 Million | $1.46 Million | ▼ -14.3 pp |
| 2019 | 115.1% | $5.54 Million | $4.81 Million | $5.70 Million | $159.00K | — |