Moderna Inc (MRNA) — Working Capital to Net Assets Ratio
Moderna Inc (MRNA) has a Working Capital to Net Assets ratio of 45.6% as of March 2026. Working capital of $3.38 Billion (current assets of $5.77 Billion minus current liabilities of $2.40 Billion) is measured against net assets of $7.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Moderna Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Moderna Inc Working Capital to Net Assets (2014–2025)
This chart shows how Moderna Inc's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 45.6%, reflecting working capital of $3.38 Billion against net assets of $7.41 Billion USD. Check Moderna Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Moderna Inc (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Moderna Inc from 2014 to 2025, covering 12 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 cap of Moderna Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 52.7% | $4.56 Billion | $8.65 Billion | $6.54 Billion | $1.99 Billion | ▼ -1.4 pp |
| 2024 | 54.1% | $5.89 Billion | $10.90 Billion | $8.10 Billion | $2.21 Billion | ▲ +1.3 pp |
| 2023 | 52.8% | $7.31 Billion | $13.85 Billion | $10.32 Billion | $3.02 Billion | ▲ +8.3 pp |
| 2022 | 44.5% | $8.51 Billion | $19.12 Billion | $13.43 Billion | $4.92 Billion | ▼ -4.6 pp |
| 2021 | 49.1% | $6.94 Billion | $14.14 Billion | $16.07 Billion | $9.13 Billion | ▼ -25.5 pp |
| 2020 | 74.5% | $1.91 Billion | $2.56 Billion | $6.30 Billion | $4.39 Billion | ▼ -9.4 pp |
| 2019 | 83.9% | $985.69 Million | $1.17 Billion | $1.13 Billion | $143.12 Million | ▼ -3.7 pp |
| 2018 | 87.6% | $1.34 Billion | $1.53 Billion | $1.56 Billion | $222.80 Million | ▼ -7.1 pp |
| 2017 | 94.6% | $591.76 Million | $625.30 Million | $783.22 Million | $191.46 Million | ▼ -15.2 pp |
| 2016 | 109.8% | $924.35 Million | $841.85 Million | $1.09 Billion | $162.80 Million | ▼ -30.6 pp |
| 2015 | 140.4% | $126.66K | $90.19K | $261.85K | $135.19K | ▲ +153.6 pp |
| 2014 | -13.1% | $574.00K | $-4.37 Million | $2.52 Million | $1.94 Million | — |