Sarepta Therapeutics has a Cash Ratio of 2.28. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Sarepta Therapeutics's Cash Ratio or its related term are showing as below:
SRPT'
s Cash Ratio Range Over the Past 10 Years
Min: 1.84 Med: 4.67 Max: 12.22
Current: 2.28
During the past 13 years, Sarepta Therapeutics's highest Cash Ratio was 12.22. The lowest was 1.84. And the median was 4.67.
SRPT's Cash Ratio is ranked worse than 55.52% of 1522
companies
in the Biotechnology industry
Industry Median: 2.895
vs SRPT: 2.28
Sarepta Therapeutics Cash Ratio Historical Data
The historical data trend for Sarepta Therapeutics's Cash Ratio can be seen below:
* 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 Sarepta Therapeutics's Cash Ratio
For the Biotechnology subindustry, Sarepta Therapeutics'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.
Sarepta Therapeutics's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Sarepta Therapeutics's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sarepta Therapeutics's Cash Ratio falls into.
Sarepta Therapeutics Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Sarepta Therapeutics's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Sarepta Therapeutics (NAS:SRPT) 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.
Sarepta Therapeutics Cash Ratio Related Terms
Thank you for viewing the detailed overview of Sarepta Therapeutics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sarepta Therapeutics (Sarepta Therapeutics) Business Description
Sarepta Therapeutics Inc is a biotechnology company focused on treating rare, infectious, and other diseases. It targets a broad range of diseases while focusing on the rapid development of its drug candidates. Sarepta's strategy involves proprietary RNA-targeted technology platforms to be used for developing novel pharmaceutical products to treat a broad range of diseases and address key unmet medical needs. The company uses third-party contractors to manufacture its product candidates. Most of Sarepta's product candidates are at an early stage of development.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SRPT has been successfully added to your 