Tourmaline Bio Inc. Working Capital to Net Assets Ratio
Tourmaline Bio Inc. 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. Check Tourmaline Bio Inc. (TRML) tangible equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Tourmaline Bio Inc. (2019–2024)
Working capital to net assets ratio of Tourmaline Bio Inc. from 2019 to 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. See Tourmaline Bio Inc. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Tourmaline Bio Inc. Working Capital to Net Assets Ratio by Year (2019–2024)
Tourmaline Bio Inc. working capital to net assets ratio by year from 2019 to 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. For the complete balance sheet picture, see how large is Tourmaline Bio Inc.'s balance sheet.
| 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 | — |