Sorrento Therapeutics (LTS:0L85) Accounts Payable: $18.55 Mil (As of Jun. 2023)

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LTS:0L85 Sorrento Therapeutics Inc LTS:0L85
12 GF Score
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What is Sorrento Therapeutics Accounts Payable?

Sorrento Therapeutics LTS:0L85 12 Accounts Payable is $18.55 Mil as of Jun. 2023. GuruFocus rates LTS:0L85 with a GF Score™ of 12/100.

Sorrento Therapeutics's Accounts Payable for the quarter that ended in Jun. 2023 was $18.55 Mil.

Sorrento Therapeutics's quarterly Accounts Payable declined from Dec. 2022 ($47.52 Mil) to Mar. 2023 ($14.59 Mil) but then increased from Mar. 2023 ($14.59 Mil) to Jun. 2023 ($18.55 Mil).

Sorrento Therapeutics's annual Accounts Payable increased from Dec. 2020 ($24.71 Mil) to Dec. 2021 ($27.41 Mil) and increased from Dec. 2021 ($27.41 Mil) to Dec. 2022 ($47.52 Mil).

Sorrento Therapeutics Accounts Payable Related Terms

Sorrento Therapeutics Accounts Payable Historical Data

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The historical data trend for Sorrento Therapeutics's Accounts Payable 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.

Sorrento Therapeutics Accounts Payable Chart

Sorrento Therapeutics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.82 27.63 24.71 27.41 47.52

Sorrento Therapeutics Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.94 38.39 47.52 14.59 18.55
LTS:0L85
12GF Score
Sorrento Therapeutics Inc LTS:0L85
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Sorrento Therapeutics Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $18.55 Mil mean?
Sorrento Therapeutics (LTS:0L85) has a Accounts Payable of $18.55 Mil as of Jun. 2023. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Sorrento Therapeutics and its competitors.
Is Sorrento Therapeutics' Accounts Payable too high?
Sorrento Therapeutics' current Accounts Payable is $18.55 Mil. Overall, Sorrento Therapeutics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Sorrento Therapeutics' Accounts Payable compare to IMUX and OCUP?
Sorrento Therapeutics' Accounts Payable of $18.55 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Biotechnology company?
A good Accounts Payable depends on the Biotechnology industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Sorrento Therapeutics and its competitors. Sorrento Therapeutics's current Accounts Payable is $18.55 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sorrento Therapeutics stock overvalued right now?
Sorrento Therapeutics (LTS:0L85) has a current Accounts Payable of $18.55 Mil. The current Accounts Payable is $18.55 Mil. Sorrento Therapeutics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Sorrento Therapeutics (LTS:0L85), the current Accounts Payable is $18.55 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sorrento Therapeutics Business Description

Address 4955 Directors Place, San Diego, CA, USA, 92121
Sorrento Therapeutics Inc is a clinical and commercial-stage biopharmaceutical company developing a portfolio of next-generation treatments for three major therapeutic areas: cancer, infectious disease, and pain. Its multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as fully human antibodies (G-MAB library), immuno-cellular therapies (DAR-T), antibody-drug conjugates (ADCs), and oncolytic virus (Seprehvec). Sorrento is also developing potential antiviral therapies and vaccines against coronaviruses, including COVI-AMG, COVIDROPS, COVISHIELD, FUJOVEE (Abivertinib), and OQORY (Covi-MSC), and diagnostic test solutions, including COVITRACK and COVIMARK.
12GF Score

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Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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