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 Borealis Foods Inc. balance sheet quality to measure how much of total assets are equity-financed.
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. Check tangible net worth ratio of Borealis Foods Inc. to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see market cap of Borealis Foods Inc..
| 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 | — |