Passage Bio Inc (PASG) — Working Capital to Net Assets Ratio
Passage Bio Inc (PASG) has a Working Capital to Net Assets ratio of 124.5% as of March 2026. Working capital of $14.64 Million (current assets of $34.74 Million minus current liabilities of $20.10 Million) is measured against net assets of $11.75 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see Passage Bio Inc total assets.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Passage Bio Inc Working Capital to Net Assets (2018–2025)
This chart shows how Passage Bio Inc's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of March 2026, the ratio stands at 124.5%, reflecting working capital of $14.64 Million against net assets of $11.75 Million USD. Explore how well can Passage Bio Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Working Capital to Net Assets for Passage Bio Inc (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Passage Bio Inc from 2018 to 2025, 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 debt load of Passage Bio Inc for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 131.6% | $24.68 Million | $18.75 Million | $47.76 Million | $23.08 Million | ▲ +34.5 pp |
| 2024 | 97.0% | $59.45 Million | $61.26 Million | $78.81 Million | $19.36 Million | ▲ +5.7 pp |
| 2023 | 91.3% | $101.62 Million | $111.28 Million | $117.96 Million | $16.34 Million | ▲ +2.6 pp |
| 2022 | 88.7% | $178.69 Million | $201.37 Million | $197.04 Million | $18.35 Million | ▼ -4.0 pp |
| 2021 | 92.8% | $295.57 Million | $318.66 Million | $325.07 Million | $29.50 Million | ▼ -4.4 pp |
| 2020 | 97.1% | $296.01 Million | $304.71 Million | $317.18 Million | $21.18 Million | ▲ +4.2 pp |
| 2019 | 93.0% | $162.09 Million | $174.35 Million | $165.78 Million | $3.68 Million | ▲ +364.8 pp |
| 2018 | -271.8% | $33.09 Million | $-12.17 Million | $33.40 Million | $307.00K | — |