Passage Bio Inc (PASG) — Working Capital to Net Assets Ratio
Passage Bio Inc (PASG) has a Working Capital to Net Assets ratio of 107.6% as of September 2025. Working capital of $33.48 Million (current assets of $55.73 Million minus current liabilities of $22.25 Million) is measured against net assets of $31.12 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Passage Bio Inc balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Passage Bio Inc Working Capital to Net Assets (2018–2024)
This chart shows how Passage Bio Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 107.6%, reflecting working capital of $33.48 Million against net assets of $31.12 Million USD. Check Passage Bio Inc (PASG) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Passage Bio Inc (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Passage Bio Inc from 2018 to 2024, covering 7 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 Passage Bio Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |