Incannex Healthcare Ltd ADR (IXHL) — Working Capital to Net Assets Ratio
Incannex Healthcare Ltd ADR (IXHL) has a Working Capital to Net Assets ratio of 99.6% as of December 2025. Working capital of $73.03 Million (current assets of $74.68 Million minus current liabilities of $1.65 Million) is measured against net assets of $73.29 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See IXHL net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Incannex Healthcare Ltd ADR Working Capital to Net Assets (2006–2025)
This chart shows how Incannex Healthcare Ltd ADR's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of December 2025, the ratio stands at 99.6%, reflecting working capital of $73.03 Million against net assets of $73.29 Million USD. Check tangible equity quality of Incannex Healthcare Ltd ADR to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Incannex Healthcare Ltd ADR (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Incannex Healthcare Ltd ADR from 2006 to 2025, covering 20 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 Incannex Healthcare Ltd ADR market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 96.9% | $12.98 Million | $13.39 Million | $19.96 Million | $6.98 Million | ▲ +2.6 pp |
| 2024 | 94.3% | $10.58 Million | $11.22 Million | $16.20 Million | $5.62 Million | ▼ -3.8 pp |
| 2023 | 98.2% | $20.45 Million | $20.82 Million | $23.00 Million | $2.55 Million | ▼ -1.8 pp |
| 2022 | 100.0% | $24.76 Million | $24.76 Million | $26.15 Million | $1.39 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $6.44 Million | $6.44 Million | $7.01 Million | $567.30K | ▲ +0.0 pp |
| 2020 | 100.0% | $2.17 Million | $2.17 Million | $2.91 Million | $736.35K | ▼ -32.3 pp |
| 2019 | 132.3% | $-387.52K | $-292.88K | $268.96K | $656.48K | ▼ -11.7 pp |
| 2018 | 144.0% | $-408.60K | $-283.71K | $399.02K | $807.62K | ▲ +184.2 pp |
| 2017 | -40.2% | $52.14K | $-129.77K | $645.15K | $593.01K | ▼ -173.1 pp |
| 2016 | 132.9% | $-694.74K | $-522.58K | $85.22K | $779.96K | ▲ +32.9 pp |
| 2015 | 100.0% | $364.01K | $364.01K | $4.79 Million | $4.43 Million | ▲ +88.3 pp |
| 2014 | 11.7% | $191.42K | $1.64 Million | $433.91K | $242.49K | ▲ +11.5 pp |
| 2013 | 0.2% | $21.26K | $12.53 Million | $1.89 Million | $1.87 Million | ▲ +7.0 pp |
| 2012 | -6.9% | $-1.40 Million | $20.35 Million | $943.70K | $2.34 Million | ▲ +1.3 pp |
| 2011 | -8.1% | $-1.32 Million | $16.29 Million | $1.22 Million | $2.55 Million | ▼ -11.9 pp |
| 2010 | 3.8% | $392.77K | $10.37 Million | $1.45 Million | $1.05 Million | ▲ +4.2 pp |
| 2009 | -0.4% | $-19.66K | $5.26 Million | $132.09K | $151.75K | ▼ -3.4 pp |
| 2008 | 3.1% | $278.73K | $9.12 Million | $1.22 Million | $938.98K | ▼ -70.1 pp |
| 2007 | 73.1% | $4.12 Million | $5.63 Million | $4.22 Million | $101.42K | ▲ +91.8 pp |
| 2006 | -18.6% | $-184.67K | $990.36K | $68.62K | $253.29K | — |