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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Eterna Therapeutics's current ratio for the quarter that ended in Dec. 2023 was 1.46.
Eterna Therapeutics has a current ratio of 1.46. It generally indicates good short-term financial strength.
The historical rank and industry rank for Eterna Therapeutics's Current Ratio or its related term are showing as below:
During the past 4 years, Eterna Therapeutics's highest Current Ratio was 5.10. The lowest was 0.55. And the median was 1.63.
The historical data trend for Eterna Therapeutics's Current 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.
Eterna Therapeutics Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Current Ratio | 0.55 | 5.10 | 1.79 | 1.46 |
Eterna Therapeutics Quarterly Data | ||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 1.79 | 1.21 | 0.54 | 0.73 | 1.46 |
For the Biotechnology subindustry, Eterna Therapeutics's Current Ratio, along with its competitors' market caps and Current 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, Eterna Therapeutics's Current Ratio distribution charts can be found below:
* The bar in red indicates where Eterna Therapeutics's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Eterna Therapeutics's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 9.599 | / | 6.573 | |
= | 1.46 |
Eterna Therapeutics's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 9.599 | / | 6.573 | |
= | 1.46 |
* 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.
Eterna Therapeutics (NAS:ERNA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Eterna Therapeutics's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dorothy J Clarke | director | C/O ETERNA THERAPEUTICS INC., 1035 CAMBRIDGE STREET, STE. 18A, CAMBRIDGE MA 02141 |
Charles Cherington | 10 percent owner | ONE BOW STREET, CAMBRIDGE MA 02138 |
Brant Binder | director | C/O TRUST CO OF THE SWEST, 200 PARK AVE SUITE 220, NEW YORK NY 01066 |
Richard W Wagner | director | C/O PRAECIS PHARMACEUTICALS INC, 830 WINTER ST, WALTHAM MA 02451 |
Curtis W Huft | 10 percent owner | 4510 LAMESA HWY, SNYDER TX 79549 |
Freebird Partners Lp | 10 percent owner | 2800 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056 |
Freebird Investments Llc | 10 percent owner | 2800 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056 |
John D Halpern | 10 percent owner | |
Nicholas Jason Singer | director | 1395 BRICKELL AVENUE, SUITE 800, MIAMI FL 33131 |
William A. Wexler | director | 12 GILL STREET, SUITE 4650, WOBURN MA 01801 |
Gregory Fiore | director | 10355 SCIENCE CENTER DRIVE, SUITE 150, SAN DIEGO CA 92121 |
Andrew C. Jackson | officer: Chief Financial Officer | 11988 EL CAMINO REAL STE. 650, SAN DIEGO CA 92130 |
Matthew Angel | officer: Interim President and CEO | 10531 4S COMMONS DRIVE, SUITE 160-550, SAN DIEGO CA 92127 |
Heather B Redman | director | TWO NORTH NINTH STREET, ALLENTOWN PA 18101 |
Erin S. Enright | director | 666 PLAINSBORO ROAD, PLAINSBORO NJ 08536 |
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