MoonLake Immunotherapeutics (MLTX) — Working Capital to Net Assets Ratio
MoonLake Immunotherapeutics (MLTX) has a Working Capital to Net Assets ratio of 123.6% as of December 2025. Working capital of $376.22 Million (current assets of $421.69 Million minus current liabilities of $45.48 Million) is measured against net assets of $304.48 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MLTX equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MoonLake Immunotherapeutics Working Capital to Net Assets (2020–2025)
This chart shows how MoonLake Immunotherapeutics's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 123.6%, reflecting working capital of $376.22 Million against net assets of $304.48 Million USD. Check tangible equity quality of MoonLake Immunotherapeutics to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for MoonLake Immunotherapeutics (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MoonLake Immunotherapeutics from 2020 to 2025, 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 MLTX market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 123.6% | $376.22 Million | $304.48 Million | $421.69 Million | $45.48 Million | ▲ +23.9 pp |
| 2024 | 99.7% | $451.82 Million | $453.39 Million | $474.29 Million | $22.46 Million | ▲ +1.5 pp |
| 2023 | 98.2% | $504.20 Million | $513.49 Million | $514.17 Million | $9.97 Million | ▼ -1.9 pp |
| 2022 | 100.1% | $68.85 Million | $68.77 Million | $76.51 Million | $7.67 Million | ▲ +1.8 pp |
| 2021 | 98.3% | $-11.45 Million | $-11.65 Million | $9.64 Million | $21.09 Million | ▲ +97.0 pp |
| 2020 | 1.3% | $1.49 Million | $112.48 Million | $1.62 Million | $125.18K | — |