Tonix Pharmaceuticals Holding Corp (TNXP) — Working Capital to Net Assets Ratio
Tonix Pharmaceuticals Holding Corp (TNXP) has a Working Capital to Net Assets ratio of 80.8% as of December 2025. Working capital of $198.04 Million (current assets of $228.88 Million minus current liabilities of $30.84 Million) is measured against net assets of $245.15 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tonix Pharmaceuticals Holding Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tonix Pharmaceuticals Holding Corp Working Capital to Net Assets (2008–2025)
This chart shows how Tonix Pharmaceuticals Holding Corp's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of December 2025, the ratio stands at 80.8%, reflecting working capital of $198.04 Million against net assets of $245.15 Million USD. For the complete balance sheet picture, see Tonix Pharmaceuticals Holding Corp assets under control.
Annual Working Capital to Net Assets for Tonix Pharmaceuticals Holding Corp (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tonix Pharmaceuticals Holding Corp from 2008 to 2025, covering 18 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 Tonix Pharmaceuticals Holding Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 80.8% | $198.04 Million | $245.15 Million | $228.88 Million | $30.84 Million | ▲ +8.6 pp |
| 2024 | 72.2% | $100.69 Million | $139.56 Million | $119.00 Million | $18.31 Million | ▲ +44.8 pp |
| 2023 | 27.4% | $28.88 Million | $105.53 Million | $47.77 Million | $18.88 Million | ▼ -27.0 pp |
| 2022 | 54.3% | $112.60 Million | $207.18 Million | $130.78 Million | $18.18 Million | ▼ -22.2 pp |
| 2021 | 76.5% | $167.33 Million | $218.72 Million | $189.05 Million | $21.72 Million | ▼ -12.7 pp |
| 2020 | 89.2% | $78.17 Million | $87.65 Million | $87.99 Million | $9.82 Million | ▼ -4.4 pp |
| 2019 | 93.6% | $8.81 Million | $9.42 Million | $13.95 Million | $5.13 Million | ▼ -5.3 pp |
| 2018 | 98.9% | $23.40 Million | $23.66 Million | $26.06 Million | $2.65 Million | ▲ +0.1 pp |
| 2017 | 98.8% | $24.32 Million | $24.62 Million | $26.44 Million | $2.13 Million | ▲ +0.1 pp |
| 2016 | 98.7% | $25.02 Million | $25.36 Million | $27.14 Million | $2.12 Million | ▲ +0.0 pp |
| 2015 | 98.6% | $39.71 Million | $40.26 Million | $46.36 Million | $6.65 Million | ▼ -0.2 pp |
| 2014 | 98.8% | $35.65 Million | $36.09 Million | $39.04 Million | $3.38 Million | ▲ +0.2 pp |
| 2013 | 98.6% | $6.42 Million | $6.51 Million | $8.63 Million | $2.21 Million | ▲ +7.7 pp |
| 2012 | 90.9% | $871.26K | $958.71K | $2.01 Million | $1.14 Million | ▲ +59.0 pp |
| 2011 | 31.9% | $-781.72K | $-2.45 Million | $143.55K | $925.28K | ▼ -68.1 pp |
| 2010 | 100.0% | $-5.68K | $-5.68K | $4.62K | $10.30K | ▲ +0.0 pp |
| 2009 | 100.0% | $12.04K | $12.04K | $13.03K | $988.00 | ▲ +0.0 pp |
| 2008 | 100.0% | $42.91K | $42.91K | $45.91K | $3.00K | — |