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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. Panacea Life Sciences Holdings's current ratio for the quarter that ended in Sep. 2024 was 0.22.
Panacea Life Sciences Holdings has a current ratio of 0.22. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Panacea Life Sciences Holdings has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Panacea Life Sciences Holdings's Current Ratio or its related term are showing as below:
During the past 4 years, Panacea Life Sciences Holdings's highest Current Ratio was 1.32. The lowest was 0.22. And the median was 0.42.
The historical data trend for Panacea Life Sciences Holdings'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.
Panacea Life Sciences Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Current Ratio | 0.63 | 0.90 | 0.42 | 0.24 |
Panacea Life Sciences Holdings Quarterly Data | ||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Current Ratio | Get a 7-Day Free Trial | 0.32 | 0.24 | 0.23 | 0.23 | 0.22 |
For the Drug Manufacturers - Specialty & Generic subindustry, Panacea Life Sciences Holdings'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.
For the Drug Manufacturers industry and Healthcare sector, Panacea Life Sciences Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Panacea Life Sciences Holdings's Current Ratio falls into.
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.
Panacea Life Sciences Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 4.656 | / | 19.448 | |
= | 0.24 |
Panacea Life Sciences Holdings's Current Ratio for the quarter that ended in Sep. 2024 is calculated as
Current Ratio (Q: Sep. 2024 ) | = | Total Current Assets (Q: Sep. 2024 ) | / | Total Current Liabilities (Q: Sep. 2024 ) |
= | 4.79 | / | 22.062 | |
= | 0.22 |
* 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.
Panacea Life Sciences Holdings (OTCPK:PLSH) 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.
Thank you for viewing the detailed overview of Panacea Life Sciences Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Leslie Buttorff | director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | 16194 W 45TH DRIVE, GOLDEN CO 80403 |
Janice Nerger | director | 5910 S UNIVERSITY BLVD., C18-193, GREENWOOD VILLAGE CO 80121 |
Nathan Joel Berman | officer: CONTROLLER & PRIN ACTNG OFCR | 16194 W 45TH DRIVE, GOLDEN CO 80403 |
22nd Century Group, Inc. | 10 percent owner | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Harvey J Kesner | 10 percent owner | 65 E. 55TH STREET, NEW YORK NY 10022 |
Lawrence Wert | director | 170 NUTTALL RD, RIVERSIDE IL 60546 |
Chesne Derek Du | officer: Chief Growth Officer | 80 NE 4TH AVENUE, SUITE 28, DELRAY BEACH FL 33483 |
Alvaro Daniel Alberttis | director | 80 NE 4TH AVENUE, SUITE 28, DELRAY BEACH FL 33483 |
Vladislav Yampolsky | director, 10 percent owner | 332 PLAZA REAL, BOCA RATON FL 33432 |
Steven A Schwartz | director | 332 PLAZA REAL, BOCA RATON FL 33432 |
Andrew L. Johnson | officer: Chief Strategy Officer | 80 NE 4TH AVE. SUITE 28, DELRAY BEACH FL 33483 |
Emiliano Angel Aloi | officer: President | 510 SUNSHINE DRIVE, DELRAY BEACH FL 33444 |
Jonathan Gilbert | director, officer: Executive Chairman | 36 SYCAMORE LANE, ROSALYN HEIGHTS NY 11577 |
John C Price | director | 4721 IRONTON STREET, BUILDING A, DENVER CO 80239 |
Kevin James Esval | director | NEURO HITECH INC, ONE PENN PLAZA STE 1503, NEW YORK NY 10019 |
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