Comera Life Sciences Holdings has a Cash Ratio of 0.60. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Comera Life Sciences Holdings's Cash Ratio or its related term are showing as below:
CMRA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.64 Max: 6.23
Current: 0.6
During the past 3 years, Comera Life Sciences Holdings's highest Cash Ratio was 6.23. The lowest was 0.09. And the median was 0.64.
CMRA's Cash Ratio is ranked worse than 80.75% of 1470
companies
in the Biotechnology industry
Industry Median: 3.065
vs CMRA: 0.60
Comera Life Sciences Holdings Cash Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Comera Life Sciences Holdings's Cash Ratio
For the Biotechnology subindustry, Comera Life Sciences Holdings's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Comera Life Sciences Holdings's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Comera Life Sciences Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Comera Life Sciences Holdings's Cash Ratio falls into.
Comera Life Sciences Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Comera Life Sciences Holdings (OTCPK:CMRA) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Comera Life Sciences Holdings Cash Ratio Related Terms
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Comera Life Sciences Holdings (Comera Life Sciences Holdings) Business Description
Comera Life Sciences Holdings Inc is a pre-clinical biotechnology company dedicated to promoting formulation science and technology to transform essential biologic medicines from intravenous to subcutaneous forms. Comera's internal portfolio of proprietary techniques known as the SQore platform is designed to potentially transform essential biologic medicines from intravenous (IV) to subcutaneous (SQ) forms, and optimize current versions of subcutaneous biologics, and produce biosimilar versions of existing subcutaneous products. It also collaborates with pharmaceutical and biotechnology companies, applying the SQore platform to the Company's partners' biologic medicines to deliver enhanced formulations that facilitate self-injectable care.
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