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Thor Medical ASAFRA:8NN -2.61%26 Cash Ratio is 1.47 as of Jun. 2026, which is 64% below its 10-year median of 4.10. GuruFocus rates FRA:8NN with a GF Score™ of 26/100. The stock has 2 warning signs investors should review. Among 1,382 Biotechnology companies, Thor Medical ASA ranks worse than 64.98% on this metric.
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.
Thor Medical ASA Cash Ratio Related Terms
Thor Medical ASA Cash Ratio Historical Data
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The historical data trend for Thor Medical ASA'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.
FRA:8NN vs VRTX, REGN, MRNA: Cash Ratio Comparison
For the Biotechnology subindustry, Thor Medical ASA'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.
Thor Medical ASA Cash Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Thor Medical ASA's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Thor Medical ASA's Cash Ratio falls into.
* 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.
Thor Medical ASA (FRA:8NN) has a Cash Ratio of 1.47 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thor Medical ASA and its competitors. This is 64% below median its historical median of 4.10. Over the past decade, Thor Medical ASA's Cash Ratio has ranged from 1.47 to 12.82. According to the industry distribution chart, Thor Medical ASA ranks #898 out of 1382 companies in the Biotechnology industry, placing it in the top 65%.
Is Thor Medical ASA's Cash Ratio too high?
Thor Medical ASA's current Cash Ratio of 1.47 is 64% below median its 10-year median of 4.10. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 12.82. The Biotechnology industry median Cash Ratio is 2.93. Thor Medical ASA's value of 1.47 is 49.8% below this industry median. Based on the distribution chart, Thor Medical ASA ranks #898 out of 1382 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Thor Medical ASA has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Thor Medical ASA's Cash Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Thor Medical ASA ranks #898 out of 1382 companies for Cash Ratio. This places Thor Medical ASA in the lower half of its industry. The industry median Cash Ratio is 2.93. Thor Medical ASA's value of 1.47 is 49.8% below this benchmark. Historically, Thor Medical ASA's own Cash Ratio has ranged from 1.47 to 12.82 over the past decade. While the company's 10-year median is 4.10 vs. the industry median of 2.93, Thor Medical ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Biotechnology company?
The median Cash Ratio among Biotechnology companies is 2.93, based on 1,382 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Medical ASA's current Cash Ratio of 1.47 is 49.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Thor Medical ASA and its competitors. For the Biotechnology industry, the median Cash Ratio is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Medical ASA's current Cash Ratio is 1.47, which is 64% below median its own 10-year median of 4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Medical ASA stock overvalued right now?
Thor Medical ASA (FRA:8NN) has a current Cash Ratio of 1.47. The current Cash Ratio is 1.47, which is 64% below median its 10-year median of 4.10 and 49.8% below the Biotechnology industry median of 2.93. Thor Medical ASA's overall GF Score™ is 26/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Thor Medical ASA (FRA:8NN), the current Cash Ratio is 1.47 as of Jun. 2026. 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.
Thor Medical ASA is a Norway-based biopharmaceutical company. The company is a producer and supplier of alpha-particle emitters for cancer therapy. The production process is based on separation of natural occurring radioactive decay products from thorium. The Company is utilizing alpha-emitters in radiotherapy and cancer treatments using Pb-212, which can be produced from naturally occurring isotope Thorium-232 and Lead-212. It uses a proprietary production process that does not involve irradiation or nuclear reactors to produce alpha-emitting materials. These materials are used by radiopharmaceutical companies in the development of cancer therapies.
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