Skye BioscienceFRA:09R -15.91%12 Current Ratio is 1.78 as of Mar. 2026, which is 76% above its 10-year median of 1.01. GuruFocus rates FRA:09R with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 1,411 Biotechnology companies, Skye Bioscience ranks worse than 72.43% 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. Skye Bioscience's current ratio for the quarter that ended in Mar. 2026 was 1.78.
Skye Bioscience has a current ratio of 1.78. It generally indicates good short-term financial strength.
The historical rank and industry rank for Skye Bioscience's Current Ratio or its related term are showing as below:
FRA:09R'
s Current Ratio Range Over the Past 10 Years
Min: 0.1 Med: 1.01 Max: 16.32
Current: 1.78
During the past 13 years, Skye Bioscience's highest Current Ratio was 16.32. The lowest was 0.10. And the median was 1.01.
FRA:09R's Current Ratio is ranked worse than 72.43% of 1411
companies
in the Biotechnology industry
Industry Median: 3.91
vs FRA:09R: 1.78
Skye Bioscience (FRA:09R) 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.
Skye Bioscience Current Ratio Related Terms
Skye Bioscience Current Ratio Historical Data
* Premium members only.
The historical data trend for Skye Bioscience'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.
FRA:09R vs PLRZ, NEUP, LGVN: Current Ratio Comparison
For the Biotechnology subindustry, Skye Bioscience'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.
Skye Bioscience Current Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Skye Bioscience's Current Ratio distribution charts can be found below:
* The bar in red indicates where Skye Bioscience'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.
Skye Bioscience (FRA:09R) has a Current Ratio of 1.78 as of Mar. 2026. This is 76% above median its historical median of 1.01. Over the past decade, Skye Bioscience's Current Ratio has ranged from 0.10 to 16.32. According to the industry distribution chart, Skye Bioscience ranks #1022 out of 1411 companies in the Biotechnology industry, placing it in the top 72.4%.
Is Skye Bioscience's Current Ratio too high?
Skye Bioscience's current Current Ratio of 1.78 is 76% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 16.32. The Biotechnology industry median Current Ratio is 3.91. Skye Bioscience's value of 1.78 is 54.5% below this industry median. Based on the distribution chart, Skye Bioscience ranks #1022 out of 1411 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Skye Bioscience has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Skye Bioscience's Current Ratio compare to PLRZ and NEUP?
According to the Biotechnology industry distribution chart, Skye Bioscience ranks #1022 out of 1411 companies for Current Ratio. This places Skye Bioscience in the lower half of its industry. The industry median Current Ratio is 3.91. Skye Bioscience's value of 1.78 is 54.5% below this benchmark. Historically, Skye Bioscience's own Current Ratio has ranged from 0.10 to 16.32 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 3.91, Skye Bioscience 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 3.91, based on 1,411 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. Skye Bioscience's current Current Ratio of 1.78 is 54.5% 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 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skye Bioscience's current Current Ratio is 1.78, which is 76% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skye Bioscience stock overvalued right now?
Skye Bioscience (FRA:09R) has a current Current Ratio of 1.78. The current Current Ratio is 1.78, which is 76% above median its 10-year median of 1.01 and 54.5% below the Biotechnology industry median of 3.91. Skye Bioscience's overall GF Score™ is 12/100 with 1 warning sign 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 Skye Bioscience (FRA:09R), the current Current Ratio is 1.78 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.
Skye Bioscience Inc is a pre-clinical pharmaceutical company located in San Diego, California. The company's clinical assets focus on the modulation of cannabinoid receptor 1 ("CB1") to provide novel treatments and alternatives for diseases caused by metabolic disorders, inflammation, fibrosis, and neurodegeneration, such as obesity and glaucoma. The company's Phase 2 clinical candidates include nimacimab, a negative allosteric modulating antibody that inhibits peripheral CB1 receptors, currently being developed for the treatment of obesity and SBI-100 Ophthalmic Emulsion ("SBI-100 OE"), a CB1 agonist (activator), currently being developed for the treatment of glaucoma and ocular hypertension.
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