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. Cosmo Pharmaceuticals NV's current ratio for the quarter that ended in Jun. 2023 was 1.42.
Cosmo Pharmaceuticals NV has a current ratio of 1.42. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cosmo Pharmaceuticals NV's Current Ratio or its related term are showing as below:
CHIX:COPNz'
s Current Ratio Range Over the Past 10 Years
Min: 1.17 Med: 11.39 Max: 24.38
Current: 1.42
During the past 13 years, Cosmo Pharmaceuticals NV's highest Current Ratio was 24.38. The lowest was 1.17. And the median was 11.39.
CHIX:COPNz's Current Ratio is ranked worse than 63.32% of 1077
companies
in the Drug Manufacturers industry
Industry Median: 1.87
vs CHIX:COPNz: 1.42
Cosmo Pharmaceuticals NV Current Ratio Historical Data
* 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 Cosmo Pharmaceuticals NV's Current Ratio
For the Drug Manufacturers - General subindustry, Cosmo Pharmaceuticals NV'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.
Cosmo Pharmaceuticals NV's Current Ratio Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cosmo Pharmaceuticals NV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cosmo Pharmaceuticals NV's Current Ratio falls into.
Cosmo Pharmaceuticals NV Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Cosmo Pharmaceuticals NV's Current Ratio for the fiscal year that ended in Dec. 2022 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.
Cosmo Pharmaceuticals NV (CHIX:COPNz) 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.
Cosmo Pharmaceuticals NV Current Ratio Related Terms
Thank you for viewing the detailed overview of Cosmo Pharmaceuticals NV's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cosmo Pharmaceuticals NV (CHIX:COPNZ) Business Description
Cosmo Pharmaceuticals NV is a pharmaceutical company with a focus on gastrointestinal diseases, dermatology and healthtech. The company develops and manufactures products that are distributed globally by its partners. Products that the company has developed include Lialda/Mezavant/Mesavancol and Uceris/Cortiment, for the treatment of ulcerative colitis; GI Genius, which uses artificial intelligence to aid the detection of colorectal polyps during colonoscopy; Eleview, a submucosal injectable composition for use in gastrointestinal endoscopic procedures; Aemcolo for the treatment of travellers' diarrhoea (TD) and Winlevi for the treatment of acne. Product pipeline includes Breezula, GI Genius, Methylene blue MMX, Aemcolo, CB-03-10 and CB-01-33.
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