Aldeyra TherapeuticsALDX +1.95%29 Current Ratio is 2.72 as of Mar. 2026, which is 75% below its 10-year median of 10.72. GuruFocus rates ALDX with a GF Score™ of 29/100. The stock has 2 warning signs investors should review. Among 1,416 Biotechnology companies, Aldeyra Therapeutics ranks worse than 60.24% on this metric.
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. Aldeyra Therapeutics's current ratio for the quarter that ended in Mar. 2026 was 2.72.
Aldeyra Therapeutics has a current ratio of 2.72. It generally indicates good short-term financial strength.
The historical rank and industry rank for Aldeyra Therapeutics's Current Ratio or its related term are showing as below:
ALDX'
s Current Ratio Range Over the Past 10 Years
Min: 2.58 Med: 10.72 Max: 34.59
Current: 2.72
During the past 13 years, Aldeyra Therapeutics's highest Current Ratio was 34.59. The lowest was 2.58. And the median was 10.72.
ALDX's Current Ratio is ranked worse than 60.24% of 1416
companies
in the Biotechnology industry
Industry Median: 3.885
vs ALDX: 2.72
Aldeyra Therapeutics (NAS:ALDX) 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.
Aldeyra Therapeutics Current Ratio Related Terms
Aldeyra Therapeutics Current Ratio Historical Data
* Premium members only.
The historical data trend for Aldeyra Therapeutics'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.
ALDX vs CGTX, RANI, PEPG: Current Ratio Comparison
For the Biotechnology subindustry, Aldeyra Therapeutics'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.
Aldeyra Therapeutics Current Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Aldeyra Therapeutics's Current Ratio distribution charts can be found below:
* The bar in red indicates where Aldeyra Therapeutics's Current 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.
Aldeyra Therapeutics (ALDX) has a Current Ratio of 2.72 as of Mar. 2026. This is 75% below median its historical median of 10.72. Over the past decade, Aldeyra Therapeutics' Current Ratio has ranged from 2.58 to 34.59. According to the industry distribution chart, Aldeyra Therapeutics ranks #853 out of 1416 companies in the Biotechnology industry, placing it in the top 60.2%.
Is Aldeyra Therapeutics' Current Ratio too high?
Aldeyra Therapeutics' current Current Ratio of 2.72 is 75% below median its 10-year median of 10.72. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 34.59. The Biotechnology industry median Current Ratio is 3.89. Aldeyra Therapeutics' value of 2.72 is 30% below this industry median. Based on the distribution chart, Aldeyra Therapeutics ranks #853 out of 1416 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Aldeyra Therapeutics has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Aldeyra Therapeutics' Current Ratio compare to CGTX and RANI?
According to the Biotechnology industry distribution chart, Aldeyra Therapeutics ranks #853 out of 1416 companies for Current Ratio. This places Aldeyra Therapeutics in the lower half of its industry. The industry median Current Ratio is 3.89. Aldeyra Therapeutics' value of 2.72 is 30% below this benchmark. Historically, Aldeyra Therapeutics' own Current Ratio has ranged from 2.58 to 34.59 over the past decade. While the company's 10-year median is 10.72 vs. the industry median of 3.89, Aldeyra Therapeutics 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 Current Ratio for a Biotechnology company?
The median Current Ratio among Biotechnology companies is 3.89, based on 1,416 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aldeyra Therapeutics's current Current Ratio of 2.72 is 30% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Biotechnology industry, the median Current Ratio is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aldeyra Therapeutics's current Current Ratio is 2.72, which is 75% below median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aldeyra Therapeutics stock overvalued right now?
Aldeyra Therapeutics (ALDX) has a current Current Ratio of 2.72. The current Current Ratio is 2.72, which is 75% below median its 10-year median of 10.72 and 30% below the Biotechnology industry median of 3.89. Aldeyra Therapeutics' overall GF Score™ is 29/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Aldeyra Therapeutics (ALDX), the current Current Ratio is 2.72 as of Mar. 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.
Aldeyra Therapeutics Inc is a biotechnology company engaged in developing and commercializing next-generation medicines to improve the lives of patients with immune-mediated and metabolic diseases. The company's product candidate, Reproxalap, is a treatment in late-stage development for dry eye disease and allergic conjunctivitis. In addition, it also has additional product candidates in development for proliferative vitreoretinopathy, primary vitreoretinal lymphoma, and other retinal diseases, autoimmune disease, and cancer. Company products includes ADX248, ADX743, ADX631, ADX246, ADX629, ADX2191.
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