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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. Mersana Therapeutics's current ratio for the quarter that ended in Dec. 2023 was 3.36.
Mersana Therapeutics has a current ratio of 3.36. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Mersana Therapeutics's Current Ratio or its related term are showing as below:
During the past 9 years, Mersana Therapeutics's highest Current Ratio was 8.62. The lowest was 1.07. And the median was 3.60.
The historical data trend for Mersana 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.
Mersana Therapeutics Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Current Ratio | Get a 7-Day Free Trial | 4.21 | 8.62 | 3.97 | 3.49 | 3.36 |
Mersana Therapeutics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 3.49 | 3.38 | 3.97 | 3.68 | 3.36 |
For the Biotechnology subindustry, Mersana 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.
For the Biotechnology industry and Healthcare sector, Mersana Therapeutics's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mersana Therapeutics'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.
Mersana Therapeutics'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 ) |
= | 214.057 | / | 63.637 | |
= | 3.36 |
Mersana Therapeutics's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 214.057 | / | 63.637 | |
= | 3.36 |
* 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.
Mersana Therapeutics (NAS:MRSN) 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 Mersana Therapeutics's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Anna Protopapas | director, officer: President and CEO | MILLENNIUM PHARMACEUTICALS, INC., 40 LANDSDOWNE STREET, CAMBRIDGE MA 02139 |
Mohan Bala | officer: SVP, Chief Development Officer | C/O MERSANA THERAPEUTICS, INC., 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Tushar Misra | officer: Chief Manufacturing Officer | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Brian Deschuytner | officer: Sr. VP, Finance & Product stgy | 840 MEMORIAL DRIVE, CAMBRIDGE MA 01776 |
Ashish Mandelia | officer: VP, Controller | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Timothy B Lowinger | officer: Chief Scientific Officer | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Alejandra Carvajal | officer: Chief Legal Officer | C/O CERULEAN PHARMA INC., 840 MEMORIAL DRIVE, 5TH FLOOR, CAMBRIDGE MA 02139 |
Ecor1 Capital, Llc | 10 percent owner | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
Arvin Yang | officer: Chief Medical Officer | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Hack Andrew A. F. | director | 300 THIRD STREET, FIRST FLOOR, CAMBRIDGE MA 02142 |
Michael J. Kaufman | officer: Sr VP Chmistry, Man & Control | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Allene M. Diaz | director | C/O ALLENA PHARMACEUTIALS, INC., ONEW NEWTON EXECUTIVE PARK SUITE 202, NEWTON MA 02462 |
Eva M. Jack | officer: CBO, Treasurer & Secretary | 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
Lawrence M Alleva | director | 1000 WINTER STREET, SUITE 3300, WALTHAM MA 02451 |
Scott D Sandell | 10 percent owner |
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