Borealis Foods Inc. (BRLS) — Working Capital to Net Assets Ratio
Borealis Foods Inc. (BRLS) has a Working Capital to Net Assets ratio of 422.0% as of September 2025. Working capital of $-54.65 Million (current assets of $9.47 Million minus current liabilities of $64.12 Million) is measured against net assets of $-12.95 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See BRLS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Borealis Foods Inc. Working Capital to Net Assets (2021–2024)
This chart shows how Borealis Foods Inc.'s Working Capital to Net Assets ratio has evolved across 4 annual periods from 2021 to 2024. As of September 2025, the ratio stands at 422.0%, reflecting working capital of $-54.65 Million against net assets of $-12.95 Million USD. For the complete balance sheet picture, see Borealis Foods Inc. assets under control.
Annual Working Capital to Net Assets for Borealis Foods Inc. (2021–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Borealis Foods Inc. from 2021 to 2024, covering 4 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. Read total liabilities of Borealis Foods Inc. for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 1955.3% | $-13.61 Million | $-695.89K | $11.80 Million | $25.41 Million | ▲ +2005.9 pp |
| 2023 | -50.6% | $-7.36 Million | $14.56 Million | $122.72K | $7.49 Million | ▲ +535.2 pp |
| 2022 | -585.8% | $-27.18 Million | $4.64 Million | $15.84 Million | $43.02 Million | ▼ -565.1 pp |
| 2021 | -20.7% | $-5.81 Million | $28.08 Million | $11.57 Million | $17.38 Million | — |