IO Biotech Inc (IOBT) — Working Capital to Net Assets Ratio
IO Biotech Inc (IOBT) has a Working Capital to Net Assets ratio of 2032.9% as of September 2025. Working capital of $18.52 Million (current assets of $36.83 Million minus current liabilities of $18.31 Million) is measured against net assets of $911.00K. A higher ratio indicates strong short-term liquidity financed by the equity base. See IO Biotech Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
IO Biotech Inc Working Capital to Net Assets (2019–2024)
This chart shows how IO Biotech Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 2032.9%, reflecting working capital of $18.52 Million against net assets of $911.00K USD. See IO Biotech Inc (IOBT) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for IO Biotech Inc (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for IO Biotech Inc from 2019 to 2024, 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 live market cap and the full company profile, see market value of IO Biotech Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 96.7% | $45.47 Million | $47.02 Million | $64.95 Million | $19.49 Million | ▼ -2.1 pp |
| 2023 | 98.8% | $131.54 Million | $133.16 Million | $147.25 Million | $15.72 Million | ▼ -0.3 pp |
| 2022 | 99.1% | $137.54 Million | $138.85 Million | $148.22 Million | $10.68 Million | ▼ -0.7 pp |
| 2021 | 99.8% | $211.43 Million | $211.92 Million | $221.74 Million | $10.30 Million | ▲ +0.5 pp |
| 2020 | 99.3% | $2.58 Million | $2.60 Million | $5.63 Million | $3.05 Million | ▲ +1.5 pp |
| 2019 | 97.8% | $-1.44 Million | $-1.47 Million | $9.40 Million | $10.84 Million | — |