NRX Pharmaceuticals Inc (NRXP) — Working Capital to Net Assets Ratio
NRX Pharmaceuticals Inc (NRXP) has a Working Capital to Net Assets ratio of 111.2% as of September 2025. Working capital of $-28.65 Million (current assets of $11.95 Million minus current liabilities of $40.59 Million) is measured against net assets of $-25.75 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see NRXP asset base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NRX Pharmaceuticals Inc Working Capital to Net Assets (2017–2024)
This chart shows how NRX Pharmaceuticals Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 111.2%, reflecting working capital of $-28.65 Million against net assets of $-25.75 Million USD. Check NRX Pharmaceuticals Inc (NRXP) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Annual Working Capital to Net Assets for NRX Pharmaceuticals Inc (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for NRX Pharmaceuticals Inc from 2017 to 2024, covering 8 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. Read NRXP current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 79.9% | $-18.56 Million | $-23.22 Million | $3.30 Million | $21.86 Million | ▼ -23.7 pp |
| 2023 | 103.7% | $-12.16 Million | $-11.73 Million | $6.88 Million | $19.05 Million | ▼ -34.1 pp |
| 2022 | 137.8% | $10.21 Million | $7.41 Million | $25.80 Million | $15.59 Million | ▲ +37.9 pp |
| 2021 | 99.9% | $20.79 Million | $20.81 Million | $32.71 Million | $11.92 Million | ▲ +1.2 pp |
| 2020 | 98.8% | $-43.23 Million | $-43.77 Million | $2.93 Million | $46.16 Million | ▲ +100.6 pp |
| 2019 | -1.9% | $-552.95K | $29.50 Million | $69.49K | $622.44K | ▼ -1.1 pp |
| 2018 | -0.8% | $-537.22K | $69.54 Million | $30.19K | $567.41K | ▼ -1.4 pp |
| 2017 | 0.6% | $443.20K | $69.47 Million | $536.38K | $93.17K | — |