Clarity Pharmaceuticals (Clarity Pharmaceuticals) Net Cash per Share : $0.16 (As of Dec. 2023)

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What is Clarity Pharmaceuticals Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Clarity Pharmaceuticals's Net Cash per Share for the quarter that ended in Dec. 2023 was $0.16.

The historical rank and industry rank for Clarity Pharmaceuticals's Net Cash per Share or its related term are showing as below:

CLRPF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 1.4 Med: 1.94 Max: 15.84
Current: 15.81

During the past 2 years, the highest Price-to-Net-Cash Ratio of Clarity Pharmaceuticals was 15.84. The lowest was 1.40. And the median was 1.94.

CLRPF's Price-to-Net-Cash is ranked worse than
85.55% of 865 companies
in the Biotechnology industry
Industry Median: 4.14 vs CLRPF: 15.81

Clarity Pharmaceuticals Net Cash per Share Historical Data

The historical data trend for Clarity Pharmaceuticals's Net Cash per Share 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.

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Clarity Pharmaceuticals Net Cash per Share Chart

Clarity Pharmaceuticals Annual Data

Trend

Jun22

Jun23

Net Cash per Share

0.23

0.15

Clarity Pharmaceuticals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Net Cash per Share	Get a 7-Day Free Trial			0.38	0.23	0.34	0.15	0.16

Competitive Comparison of Clarity Pharmaceuticals's Net Cash per Share

For the Biotechnology subindustry, Clarity Pharmaceuticals's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.

Clarity Pharmaceuticals's Price-to-Net-Cash Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Clarity Pharmaceuticals's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Clarity Pharmaceuticals's Price-to-Net-Cash falls into.

Clarity Pharmaceuticals Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Clarity Pharmaceuticals's Net Cash per Share for the fiscal year that ended in Jun. 2023 is calculated as

	Net Cash per Share (A: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(43.634	-	5.182	-	0)	/	261.472
=	0.15

Clarity Pharmaceuticals's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

	Net Cash per Share (Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(25.424	-	3.422	-	0)	/	134.005
=	0.16

Clarity Pharmaceuticals (OTCPK:CLRPF) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

Clarity Pharmaceuticals Net Cash per Share Related Terms

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Clarity Pharmaceuticals (Clarity Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Clarity Pharmaceuticals Ltd (OTCPK:CLRPF) » Definitions » Net Cash per Share

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Traded in Other Exchanges

CU6:Australia

Address

4 Cornwallis Street, National Innovation Centre, Eveleigh, Sydney, NSW, AUS, 2015

Website

https://www.claritypharmaceuticals.com

Clarity Pharmaceuticals Ltd is a clinical-stage radiopharmaceutical company developing next-generation theranostic (therapy and imaging) products, based on its platform SAR Technology. The SAR technology is ideally suited for use with copper isotopes, enabling superior imaging and therapeutic characteristics of radiopharmaceutical products and addressing the current manufacturing and logistical limitations in the growth of the radiopharmaceutical sector in oncology.