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. SAB Biotherapeutics's current ratio for the quarter that ended in Dec. 2023 was 5.45.
SAB Biotherapeutics has a current ratio of 5.45. 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 SAB Biotherapeutics's Current Ratio or its related term are showing as below:
SABS'
s Current Ratio Range Over the Past 10 Years
Min: 1.47 Med: 2.01 Max: 5.45
Current: 5.45
During the past 5 years, SAB Biotherapeutics's highest Current Ratio was 5.45. The lowest was 1.47. And the median was 2.01.
SABS's Current Ratio is ranked better than 64.16% of 1554
companies
in the Biotechnology industry
Industry Median: 3.79
vs SABS: 5.45
SAB Biotherapeutics Current Ratio Historical Data
The historical data trend for SAB Biotherapeutics'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.
Competitive Comparison of SAB Biotherapeutics's Current Ratio
For the Biotechnology subindustry, SAB Biotherapeutics'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.
SAB Biotherapeutics's Current Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, SAB Biotherapeutics's Current Ratio distribution charts can be found below:
* The bar in red indicates where SAB Biotherapeutics's Current Ratio falls into.
SAB Biotherapeutics 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.
SAB Biotherapeutics's Current Ratio for the fiscal year that ended in Dec. 2023 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.
SAB Biotherapeutics (NAS:SABS) 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.
SAB Biotherapeutics Current Ratio Related Terms
Thank you for viewing the detailed overview of SAB Biotherapeutics's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SAB Biotherapeutics (SAB Biotherapeutics) Business Description
SAB Biotherapeutics Inc is a clinical-stage biopharmaceutical company focused on the development and commercialization of a portfolio of products from its proprietary immunotherapy platform to produce fully targeted human polyclonal antibodies, without using human plasma or serum. The company's novel DiversitAb platform enables the rapid production of large amounts of targeted human polyclonal antibodies, leveraging transchromosomic cattle (Tc Bovine) that have been genetically designed to produce human antibodies (immunoglobulin G) rather than bovine in response to an antigen. Animal antibodies have been made in rabbits, sheep and horses.
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