Tourmaline Bio Inc. (TRML) — Working Capital to Net Assets Ratio
Tourmaline Bio Inc. (TRML) has a Working Capital to Net Assets ratio of 92.2% as of June 2025. Working capital of $239.01 Million (current assets of $249.10 Million minus current liabilities of $10.10 Million) is measured against net assets of $259.19 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TRML cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tourmaline Bio Inc. Working Capital to Net Assets (2019–2024)
This chart shows how Tourmaline Bio Inc.'s Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of June 2025, the ratio stands at 92.2%, reflecting working capital of $239.01 Million against net assets of $259.19 Million USD. For the complete balance sheet picture, see Tourmaline Bio Inc. total assets.
Annual Working Capital to Net Assets for Tourmaline Bio Inc. (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tourmaline Bio 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. Check TRML asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 86.6% | $259.93 Million | $300.05 Million | $268.84 Million | $8.91 Million | ▼ -12.8 pp |
| 2023 | 99.4% | $203.87 Million | $205.04 Million | $208.87 Million | $5.00 Million | ▲ +134.6 pp |
| 2022 | -35.2% | $6.95 Million | $-19.73 Million | $8.31 Million | $1.36 Million | ▼ -133.5 pp |
| 2021 | 98.2% | $238.53 Million | $242.81 Million | $246.51 Million | $7.99 Million | ▼ -1.3 pp |
| 2020 | 99.6% | $147.35 Million | $148.00 Million | $150.75 Million | $3.40 Million | ▲ +2.3 pp |
| 2019 | 97.3% | $38.50 Million | $39.59 Million | $40.79 Million | $2.29 Million | — |