MoonLake Immunotherapeutics (MLTX) — Working Capital to Net Assets Ratio
MoonLake Immunotherapeutics (MLTX) has a Working Capital to Net Assets ratio of 138.0% as of March 2026. Working capital of $350.53 Million (current assets of $396.64 Million minus current liabilities of $46.11 Million) is measured against net assets of $254.02 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See MLTX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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 March 2026, the ratio stands at 138.0%, reflecting working capital of $350.53 Million against net assets of $254.02 Million USD. For the complete balance sheet picture, see MoonLake Immunotherapeutics balance sheet assets.
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. Check MoonLake Immunotherapeutics liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |