Biora Therapeutics, Inc. Working Capital to Net Assets Ratio
Biora Therapeutics, Inc. working capital to net assets ratio. Biora Therapeutics, Inc. (BIORQ) has a Working Capital to Net Assets ratio of 107.4% as of September 2024. Working capital of $-114.56 Million (current assets of $6.05 Million minus current liabilities of $120.62 Million) is measured against net assets of $-106.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BIORQ net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Biora Therapeutics, Inc. (2018–2023)
Working capital to net assets ratio of Biora Therapeutics, Inc. from 2018 to 2023. This chart shows how Biora Therapeutics, Inc.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at 107.4%, reflecting working capital of $-114.56 Million against net assets of $-106.63 Million USD. See BIORQ cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Biora Therapeutics, Inc. Working Capital to Net Assets Ratio by Year (2018–2023)
Biora Therapeutics, Inc. working capital to net assets ratio by year from 2018 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Biora Therapeutics, Inc. from 2018 to 2023, covering 6 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 Biora Therapeutics, Inc. total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 43.3% | $-43.90 Million | $-101.42 Million | $19.07 Million | $62.97 Million | ▲ +57.8 pp |
| 2022 | -14.5% | $14.81 Million | $-102.29 Million | $38.12 Million | $23.30 Million | ▲ +28.9 pp |
| 2021 | -43.3% | $36.82 Million | $-84.98 Million | $98.43 Million | $61.61 Million | ▲ +6.8 pp |
| 2020 | -50.2% | $53.67 Million | $-106.99 Million | $126.34 Million | $72.67 Million | ▼ -80.8 pp |
| 2019 | 30.6% | $-25.69 Million | $-83.87 Million | $74.65 Million | $100.34 Million | ▲ +60.1 pp |
| 2018 | -29.5% | $10.89 Million | $-36.97 Million | $88.95 Million | $78.06 Million | — |