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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. Affymax's current ratio for the quarter that ended in Jun. 2014 was 20.81.
Affymax has a current ratio of 20.81. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Affymax's Current Ratio or its related term are showing as below:
The historical data trend for Affymax'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.
For the Biotechnology subindustry, Affymax'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, Affymax's Current Ratio distribution charts can be found below:
* The bar in red indicates where Affymax'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.
Affymax's Current Ratio for the fiscal year that ended in Dec. 2013 is calculated as
Current Ratio (A: Dec. 2013 ) | = | Total Current Assets (A: Dec. 2013 ) | / | Total Current Liabilities (A: Dec. 2013 ) |
= | 6.322 | / | 8.871 | |
= | 0.71 |
Affymax's Current Ratio for the quarter that ended in Jun. 2014 is calculated as
Current Ratio (Q: Jun. 2014 ) | = | Total Current Assets (Q: Jun. 2014 ) | / | Total Current Liabilities (Q: Jun. 2014 ) |
= | 4.454 | / | 0.214 | |
= | 20.81 |
* 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.
Affymax (OTCPK:AFFY) 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 Affymax's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
John Peter Walker | director | 126 ISABELLA AVE, ATHERTON CA 94027 |
John A Orwin | director | C/O RELYPSA, INC., 700 SAGINAW DR., REDWOOD CITY CA 94063 |
Mark G Thompson | officer: Chief Financial Officer | 8383 WILSHIRE BLVD BEVERLY HILLS CA 90211 |
Jeffrey H Knapp | officer: Chief Commercial Officer | 4001 MIRANDA AVE. PALO ALTO CA 94304 |
Herb Cross | officer: Chief Financial Officer | 3061 ZANKER RD, SAN JOSE CA 95134 |
Anne-marie Duliege | officer: Chief Medical Officer | 4001 MIRANDA AVENUE, PALO ALTO CA 94304 |
Kathleen Laporte | director | |
Karin L Walker | officer: VP, Finance & CAO | C/O PROTHENA CORPORATION PLC, 650 GATEWAY BOULEVARD, SOUTH SAN FRANCISCO CA 94080 |
Heek Christi Van | director | 4001 MIRANDA AVENUE, PALO ALTO CA 94304 |
Daniel K Spiegelman | director | MYRIAD GENETICS, 320 WAKARA WAY, SALT LAKE CITY UT 84003 |
Hollings Renton | director | |
Keith R Leonard | director | ARYX THERAPEUTICS,INC., 6300 DUMBARTON CIRCLE, FREMONT CA 94555 |
Ted W Love | director | C/O GLOBAL BLOOD THERAPEUTICS, INC., 400 EAST JAMIE COURT, SUITE 101, SOUTH SAN FRANCISCO CA 94080 |
Paul B Cleveland | officer: EVP, Corp. Development and CFO | C/O AFFYMAX, INC., 4001 MIRANDA AVE., PALO ALTO CA 94304 |
Arlene Morris | director, officer: CEO | C/O AFFYMAX, INC., 4001 MIRANDA AVE., PALO ALTO CA 94304 |
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