The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Tonix Pharmaceuticals Holding's Cash Ratio for the quarter that ended in Dec. 2023 was 1.32.
Tonix Pharmaceuticals Holding has a Cash Ratio of 1.32. 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 Tonix Pharmaceuticals Holding's Cash Ratio or its related term are showing as below:
TNXP'
s Cash Ratio Range Over the Past 10 Years
Min: 1.32 Med: 8.04 Max: 12.34
Current: 1.32
During the past 13 years, Tonix Pharmaceuticals Holding's highest Cash Ratio was 12.34. The lowest was 1.32. And the median was 8.04.
TNXP's Cash Ratio is ranked worse than 68.72% of 1525
companies
in the Biotechnology industry
Industry Median: 2.95
vs TNXP: 1.32
Tonix Pharmaceuticals Holding Cash Ratio Historical Data
The historical data trend for Tonix Pharmaceuticals Holding'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 Tonix Pharmaceuticals Holding's Cash Ratio
For the Biotechnology subindustry, Tonix Pharmaceuticals Holding'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.
Tonix Pharmaceuticals Holding's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Tonix Pharmaceuticals Holding's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tonix Pharmaceuticals Holding's Cash Ratio falls into.
Tonix Pharmaceuticals Holding Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Tonix Pharmaceuticals Holding'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.
Tonix Pharmaceuticals Holding (NAS:TNXP) 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.
Tonix Pharmaceuticals Holding Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tonix Pharmaceuticals Holding's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tonix Pharmaceuticals Holding (Tonix Pharmaceuticals Holding) Business Description
Tonix Pharmaceuticals Holding Corp is a clinical-stage biopharmaceutical company focused on developing therapeutics and vaccines to treat and prevent human disease and alleviate suffering. its portfolio consists of the central nervous system, rare disease, immunology, and infectious disease product candidates. The CNS portfolio includes small molecules and biologics to treat pain, neurologic, psychiatric, and addiction conditions. CNS product candidate is TNX-102 SL, a proprietary sublingual tablet formulation of cyclobenzaprine (CBP) designed for bedtime administration.
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