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Compass Pathways Current Ratio

: 29.36 (As of Dec. 2020)
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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. Compass Pathways's current ratio for the quarter that ended in Dec. 2020 was 29.36.

Compass Pathways has a current ratio of 29.36. 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.

NAS:CMPS' s Current Ratio Range Over the Past 10 Years
Min: 1.35   Med: 14.24   Max: 29.36
Current: 29.36

1.35
29.36

During the past 3 years, Compass Pathways's highest Current Ratio was 29.36. The lowest was 1.35. And the median was 14.24.

NAS:CMPS's Current Ratio is ranked higher than
99% of the 593 Companies
in the Healthcare Providers & Services industry.

( Industry Median: 1.49 vs. NAS:CMPS: 29.36 )

Compass Pathways 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.

* Premium members only.

Compass Pathways Annual Data
Dec18 Dec19 Dec20
Current Ratio 14.24 1.35 29.36

Compass Pathways Quarterly Data
Dec18 Sep19 Dec19 Jun20 Sep20 Dec20
Current Ratio Premium Member Only - 1.35 14.03 42.11 29.36

Competitive Comparison
* 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.


Compass Pathways Current Ratio Distribution

* The bar in red indicates where Compass Pathways's Current Ratio falls into.



Compass Pathways 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.

Compass Pathways's Current Ratio for the fiscal year that ended in Dec. 2020

Current Ratio (A: Dec. 2020 )=Total Current Assets (A: Dec. 2020 )/Total Current Liabilities (A: Dec. 2020 )
=202.404/6.895
=29.36

Compass Pathways's Current Ratio for the quarter that ended in Dec. 2020 is calculated as

Current Ratio (Q: Dec. 2020 )=Total Current Assets (Q: Dec. 2020 )/Total Current Liabilities (Q: Dec. 2020 )
=202.404/6.895
=29.36

* 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.


Compass Pathways  (NAS:CMPS) 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.


Compass Pathways Current Ratio Related Terms


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