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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Theseus Pharmaceuticals's Cash Ratio for the quarter that ended in Sep. 2023 was 29.29.
Theseus Pharmaceuticals has a Cash Ratio of 29.29. 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 Theseus Pharmaceuticals's Cash Ratio or its related term are showing as below:
During the past 4 years, Theseus Pharmaceuticals's highest Cash Ratio was 66.48. The lowest was 2.14. And the median was 27.16.
The historical data trend for Theseus Pharmaceuticals'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.
Theseus Pharmaceuticals Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Cash Ratio | 2.14 | 5.30 | 66.48 | 17.79 |
Theseus Pharmaceuticals Quarterly Data | |||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cash Ratio | Get a 7-Day Free Trial | 27.21 | 17.79 | 35.72 | 27.10 | 29.29 |
For the Biotechnology subindustry, Theseus Pharmaceuticals'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.
For the Biotechnology industry and Healthcare sector, Theseus Pharmaceuticals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Theseus Pharmaceuticals's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Theseus Pharmaceuticals's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:
Cash Ratio (A: Dec. 2022 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 197.979 | / | 11.13 | |
= | 17.79 |
Theseus Pharmaceuticals's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:
Cash Ratio (Q: Sep. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 205.122 | / | 7.003 | |
= | 29.29 |
* 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.
Theseus Pharmaceuticals (NAS:THRX) 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.
Thank you for viewing the detailed overview of Theseus Pharmaceuticals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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