IMAC Holdings Inc (BACK) — Working Capital to Net Assets Ratio
IMAC Holdings Inc (BACK) has a Working Capital to Net Assets ratio of 119.9% as of December 2024. Working capital of $-5.76 Million (current assets of $510.74K minus current liabilities of $6.27 Million) is measured against net assets of $-4.80 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BACK 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
IMAC Holdings Inc Working Capital to Net Assets (2016–2024)
This chart shows how IMAC Holdings Inc's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of December 2024, the ratio stands at 119.9%, reflecting working capital of $-5.76 Million against net assets of $-4.80 Million USD. See BACK days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for IMAC Holdings Inc (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for IMAC Holdings Inc from 2016 to 2024, covering 9 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 market value of IMAC Holdings Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 114.1% | $-7.30 Million | $-6.39 Million | $684.34K | $7.98 Million | ▲ +14.1 pp |
| 2023 | 100.0% | $-752.65K | $-752.65K | $1.14 Million | $1.90 Million | ▲ +89.4 pp |
| 2022 | 10.6% | $494.10K | $4.65 Million | $4.21 Million | $3.71 Million | ▼ -12.4 pp |
| 2021 | 23.0% | $4.13 Million | $17.95 Million | $9.07 Million | $4.93 Million | ▲ +38.3 pp |
| 2020 | -15.3% | $-1.19 Million | $7.81 Million | $4.76 Million | $5.95 Million | ▲ +28.7 pp |
| 2019 | -43.9% | $-3.49 Million | $7.94 Million | $2.58 Million | $6.07 Million | ▼ -378.7 pp |
| 2018 | 334.8% | $-13.16 Million | $-3.93 Million | $668.11K | $13.83 Million | ▲ +197.9 pp |
| 2017 | 136.9% | $234.64K | $171.43K | $708.46K | $473.82K | ▼ -10.7 pp |
| 2016 | 147.6% | $1.55 Million | $1.05 Million | $1.60 Million | $51.09K | — |