Angel Studios, Inc. (ANGX) — Working Capital to Net Assets Ratio
Angel Studios, Inc. (ANGX) has a Working Capital to Net Assets ratio of 184.6% as of March 2026. Working capital of $-76.55 Million (current assets of $111.62 Million minus current liabilities of $188.16 Million) is measured against net assets of $-41.46 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Angel Studios, Inc. to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Angel Studios, Inc. Working Capital to Net Assets (2021–2025)
This chart shows how Angel Studios, Inc.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at 184.6%, reflecting working capital of $-76.55 Million against net assets of $-41.46 Million USD. Check Angel Studios, Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Angel Studios, Inc. (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Angel Studios, Inc. from 2021 to 2025, covering 5 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 ANGX company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 326.3% | $-84.12 Million | $-25.78 Million | $134.88 Million | $219.00 Million | ▲ +1030.2 pp |
| 2024 | -703.9% | $-27.11 Million | $3.85 Million | $52.95 Million | $80.06 Million | ▼ -756.7 pp |
| 2023 | 52.8% | $20.94 Million | $39.68 Million | $65.06 Million | $44.12 Million | ▲ +3.7 pp |
| 2022 | 49.1% | $10.79 Million | $22.00 Million | $22.22 Million | $11.43 Million | ▲ +48.6 pp |
| 2021 | 0.5% | $1.01 Million | $210.34 Million | $2.03 Million | $1.02 Million | — |