Axonics Modulation Technologies Inc Working Capital to Net Assets Ratio
Axonics Modulation Technologies Inc working capital to net assets ratio. Axonics Modulation Technologies Inc (AXNX) has a Working Capital to Net Assets ratio of 69.5% as of September 2024. Working capital of $461.50 Million (current assets of $525.91 Million minus current liabilities of $64.42 Million) is measured against net assets of $664.49 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Axonics Modulation Technologies Inc (2016–2023)
Working capital to net assets ratio of Axonics Modulation Technologies Inc from 2016 to 2023. This chart shows how Axonics Modulation Technologies Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2016 to 2023. As of September 2024, the ratio stands at 69.5%, reflecting working capital of $461.50 Million against net assets of $664.49 Million USD. See operational self-sufficiency of Axonics Modulation Technologies Inc to measure how many days the company can operate on defensive assets alone.
Axonics Modulation Technologies Inc Working Capital to Net Assets Ratio by Year (2016–2023)
Axonics Modulation Technologies Inc working capital to net assets ratio by year from 2016 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Axonics Modulation Technologies Inc from 2016 to 2023, 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 the complete balance sheet picture, see Axonics Modulation Technologies Inc total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 69.9% | $445.61 Million | $637.56 Million | $491.42 Million | $45.82 Million | ▼ -0.2 pp |
| 2022 | 70.1% | $399.83 Million | $570.14 Million | $465.07 Million | $65.25 Million | ▲ +9.1 pp |
| 2021 | 61.0% | $294.45 Million | $482.44 Million | $321.32 Million | $26.87 Million | ▼ -37.2 pp |
| 2020 | 98.2% | $282.26 Million | $287.37 Million | $327.95 Million | $45.68 Million | ▼ -10.9 pp |
| 2019 | 109.1% | $199.65 Million | $183.00 Million | $211.68 Million | $12.03 Million | ▼ -2.2 pp |
| 2018 | 111.3% | $159.45 Million | $143.28 Million | $165.34 Million | $5.89 Million | ▲ +180.6 pp |
| 2017 | -69.3% | $24.51 Million | $-35.35 Million | $26.92 Million | $2.41 Million | ▼ -49.4 pp |
| 2016 | -20.0% | $7.24 Million | $-36.28 Million | $8.73 Million | $1.48 Million | — |