Rani Therapeutics Holdings Inc (RANI) — Working Capital to Net Assets Ratio
Rani Therapeutics Holdings Inc (RANI) has a Working Capital to Net Assets ratio of 118.5% as of September 2025. Working capital of $-14.19 Million (current assets of $4.96 Million minus current liabilities of $19.14 Million) is measured against net assets of $-11.97 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Rani Therapeutics Holdings Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Rani Therapeutics Holdings Inc Working Capital to Net Assets (2019–2024)
This chart shows how Rani Therapeutics Holdings Inc's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 118.5%, reflecting working capital of $-14.19 Million against net assets of $-11.97 Million USD. Check Rani Therapeutics Holdings Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Rani Therapeutics Holdings Inc (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Rani Therapeutics Holdings Inc from 2019 to 2024, covering 6 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 RANI market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 282.1% | $9.85 Million | $3.49 Million | $29.74 Million | $19.89 Million | ▲ +113.6 pp |
| 2023 | 168.4% | $42.86 Million | $25.44 Million | $50.85 Million | $7.99 Million | ▲ +38.6 pp |
| 2022 | 129.9% | $96.11 Million | $74.00 Million | $100.92 Million | $4.82 Million | ▲ +33.7 pp |
| 2021 | 96.2% | $116.95 Million | $121.57 Million | $119.59 Million | $2.64 Million | ▲ +157.6 pp |
| 2020 | -61.4% | $69.64 Million | $-113.34 Million | $74.94 Million | $5.31 Million | ▼ -47.5 pp |
| 2019 | -13.9% | $13.45 Million | $-96.64 Million | $16.94 Million | $3.50 Million | — |