Celldex Therapeutics has a Cash Ratio of 13.61. 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 Celldex Therapeutics's Cash Ratio or its related term are showing as below:
CLDX'
s Cash Ratio Range Over the Past 10 Years
Min: 5.03 Med: 8.9 Max: 24.7
Current: 13.61
During the past 13 years, Celldex Therapeutics's highest Cash Ratio was 24.70. The lowest was 5.03. And the median was 8.90.
CLDX's Cash Ratio is ranked better than 89.3% of 1524
companies
in the Biotechnology industry
Industry Median: 2.92
vs CLDX: 13.61
Celldex Therapeutics Cash Ratio Historical Data
The historical data trend for Celldex 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 Celldex Therapeutics's Cash Ratio
For the Biotechnology subindustry, Celldex 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.
Celldex Therapeutics's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Celldex Therapeutics's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Celldex Therapeutics's Cash Ratio falls into.
Celldex 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.
Celldex 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.
Celldex Therapeutics (NAS:CLDX) 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.
Celldex Therapeutics Cash Ratio Related Terms
Thank you for viewing the detailed overview of Celldex Therapeutics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Celldex Therapeutics (Celldex Therapeutics) Business Description
Celldex Therapeutics Inc is a biopharmaceutical company. It is focused on the development and commercialization of several immunotherapy technologies and other cancer-targeting biologics. The company is also engaged in clinical trials for products targeting breast cancer, metastatic melanoma, lung cancer, solid tumors, and ovarian cancer. Its pipeline products are Varlilumab, CDX-301, CDX-1140,CDX-0159/Anti-KIT Program, and CDX-527.
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