Immunocore Holdings Ltd (IMCR) — Working Capital to Net Assets Ratio
Immunocore Holdings Ltd (IMCR) has a Working Capital to Net Assets ratio of 215.0% as of September 2025. Working capital of $852.50 Million (current assets of $1.02 Billion minus current liabilities of $170.35 Million) is measured against net assets of $396.56 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Immunocore Holdings Ltd (IMCR) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Immunocore Holdings Ltd Working Capital to Net Assets (2018–2024)
This chart shows how Immunocore Holdings Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 215.0%, reflecting working capital of $852.50 Million against net assets of $396.56 Million USD. See Immunocore Holdings Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Immunocore Holdings Ltd (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Immunocore Holdings Ltd from 2018 to 2024, covering 7 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 Immunocore Holdings Ltd stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 199.0% | $717.68 Million | $360.72 Million | $929.86 Million | $212.18 Million | ▲ +93.3 pp |
| 2023 | 105.7% | $389.80 Million | $368.84 Million | $528.82 Million | $139.02 Million | ▼ -4.4 pp |
| 2022 | 110.1% | $373.14 Million | $338.90 Million | $473.98 Million | $100.83 Million | ▼ -7.4 pp |
| 2021 | 117.5% | $272.01 Million | $231.53 Million | $354.58 Million | $82.57 Million | ▼ -59.5 pp |
| 2020 | 176.9% | $97.93 Million | $55.35 Million | $152.93 Million | $55.00 Million | ▼ -92.3 pp |
| 2019 | 269.2% | $52.68 Million | $19.57 Million | $164.64 Million | $111.96 Million | ▲ +54.4 pp |
| 2018 | 214.9% | $121.57 Million | $56.58 Million | $171.18 Million | $49.61 Million | — |