Mersana Therapeutics Inc (MRSN) — Working Capital to Net Assets Ratio
Mersana Therapeutics Inc (MRSN) has a Working Capital to Net Assets ratio of -28.1% as of September 2025. Working capital of $16.72 Million (current assets of $59.99 Million minus current liabilities of $43.27 Million) is measured against net assets of $-59.54 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mersana Therapeutics Inc (MRSN) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mersana Therapeutics Inc Working Capital to Net Assets (2015–2024)
This chart shows how Mersana Therapeutics Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2015 to 2024. As of September 2025, the ratio stands at -28.1%, reflecting working capital of $16.72 Million against net assets of $-59.54 Million USD. For the complete balance sheet picture, see MRSN total asset value.
Annual Working Capital to Net Assets for Mersana Therapeutics Inc (2015–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mersana Therapeutics Inc from 2015 to 2024, covering 10 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 Mersana Therapeutics Inc asset resilience 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) |
|---|---|---|---|---|---|---|
| 2024 | -782.9% | $74.45 Million | $-9.51 Million | $136.90 Million | $62.46 Million | ▼ -1190.5 pp |
| 2023 | 407.6% | $150.42 Million | $36.90 Million | $214.06 Million | $63.64 Million | ▲ +160.3 pp |
| 2022 | 247.3% | $227.69 Million | $92.06 Million | $319.22 Million | $91.53 Million | ▲ +131.2 pp |
| 2021 | 116.1% | $141.38 Million | $121.74 Million | $188.90 Million | $47.52 Million | ▲ +15.9 pp |
| 2020 | 100.2% | $228.58 Million | $228.09 Million | $258.58 Million | $30.00 Million | ▲ +1.6 pp |
| 2019 | 98.6% | $77.26 Million | $78.32 Million | $101.33 Million | $24.07 Million | ▲ +90.6 pp |
| 2018 | 8.0% | $706.00K | $8.79 Million | $70.13 Million | $69.42 Million | ▼ -114.4 pp |
| 2017 | 122.4% | $85.66 Million | $69.99 Million | $117.54 Million | $31.88 Million | ▲ +255.0 pp |
| 2016 | -132.7% | $73.79 Million | $-55.62 Million | $102.17 Million | $28.39 Million | ▼ -127.9 pp |
| 2015 | -4.7% | $2.02 Million | $-42.69 Million | $12.75 Million | $10.73 Million | — |