Codexis Inc (CDXS) — Working Capital to Net Assets Ratio
Codexis Inc (CDXS) has a Working Capital to Net Assets ratio of 149.7% as of September 2025. Working capital of $57.72 Million (current assets of $76.19 Million minus current liabilities of $18.48 Million) is measured against net assets of $38.54 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Codexis Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Codexis Inc Working Capital to Net Assets (2006–2024)
This chart shows how Codexis Inc's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at 149.7%, reflecting working capital of $57.72 Million against net assets of $38.54 Million USD. Check CDXS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Codexis Inc (2006–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Codexis Inc from 2006 to 2024, covering 19 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 Codexis Inc (CDXS) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 112.2% | $75.12 Million | $66.93 Million | $98.77 Million | $23.65 Million | ▲ +45.7 pp |
| 2023 | 66.5% | $57.64 Million | $86.61 Million | $93.47 Million | $35.83 Million | ▼ -12.1 pp |
| 2022 | 78.6% | $113.83 Million | $144.80 Million | $162.89 Million | $49.07 Million | ▲ +0.4 pp |
| 2021 | 78.2% | $128.52 Million | $164.39 Million | $161.89 Million | $33.37 Million | ▼ -15.6 pp |
| 2020 | 93.7% | $159.44 Million | $170.10 Million | $184.42 Million | $24.98 Million | ▲ +0.1 pp |
| 2019 | 93.7% | $98.82 Million | $105.52 Million | $114.20 Million | $15.39 Million | ▲ +4.7 pp |
| 2018 | 89.0% | $50.09 Million | $56.31 Million | $67.20 Million | $17.11 Million | ▲ +7.1 pp |
| 2017 | 81.8% | $20.09 Million | $24.55 Million | $45.04 Million | $24.95 Million | ▲ +4.0 pp |
| 2016 | 77.8% | $14.86 Million | $19.10 Million | $27.23 Million | $12.37 Million | ▼ -0.9 pp |
| 2015 | 78.7% | $18.00 Million | $22.88 Million | $32.84 Million | $14.84 Million | ▲ +5.4 pp |
| 2014 | 73.2% | $19.27 Million | $26.31 Million | $33.01 Million | $13.73 Million | ▲ +14.0 pp |
| 2013 | 59.3% | $24.58 Million | $41.48 Million | $35.78 Million | $11.20 Million | ▲ +3.8 pp |
| 2012 | 55.4% | $43.49 Million | $78.44 Million | $59.77 Million | $16.28 Million | ▲ +5.8 pp |
| 2011 | 49.6% | $50.94 Million | $102.69 Million | $79.23 Million | $28.29 Million | ▼ -10.7 pp |
| 2010 | 60.3% | $64.71 Million | $107.36 Million | $92.19 Million | $27.48 Million | ▲ +10.3 pp |
| 2009 | 50.0% | $18.41 Million | $36.84 Million | $67.38 Million | $48.98 Million | ▲ +54.6 pp |
| 2008 | -4.6% | $5.93 Million | $-129.12 Million | $48.33 Million | $42.40 Million | ▲ +63.1 pp |
| 2007 | -67.6% | $59.17 Million | $-87.47 Million | $93.35 Million | $34.18 Million | ▼ -24.1 pp |
| 2006 | -43.5% | $22.97 Million | $-52.77 Million | $36.64 Million | $13.67 Million | — |