Oncolytics BiotechONCY +3.00%31 Quick Ratio is 1.38 as of Mar. 2026, which is 74% below its 10-year median of 5.21. GuruFocus rates ONCY with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 1,412 Biotechnology companies, Oncolytics Biotech ranks worse than 74.36% on this metric.
Oncolytics Biotech has a quick ratio of 1.38. It generally indicates good short-term financial strength.
The historical rank and industry rank for Oncolytics Biotech's Quick Ratio or its related term are showing as below:
ONCY'
s Quick Ratio Range Over the Past 10 Years
Min: 1.12 Med: 5.21 Max: 22.15
Current: 1.38
During the past 13 years, Oncolytics Biotech's highest Quick Ratio was 22.15. The lowest was 1.12. And the median was 5.21.
ONCY's Quick Ratio is ranked worse than 74.36% of 1412
companies
in the Biotechnology industry
Industry Median: 3.6
vs ONCY: 1.38
Oncolytics Biotech (NAS:ONCY) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Oncolytics Biotech Quick Ratio Related Terms
Oncolytics Biotech Quick Ratio Historical Data
* Premium members only.
The historical data trend for Oncolytics Biotech's Quick 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.
For the Biotechnology subindustry, Oncolytics Biotech's Quick Ratio, along with its competitors' market caps and Quick 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.
Oncolytics Biotech Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Oncolytics Biotech's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Oncolytics Biotech's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Oncolytics Biotech's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Oncolytics Biotech (ONCY) has a Quick Ratio of 1.38 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oncolytics Biotech and its competitors. This is 74% below median its historical median of 5.21. Over the past decade, Oncolytics Biotech's Quick Ratio has ranged from 1.12 to 22.15. According to the industry distribution chart, Oncolytics Biotech ranks #1050 out of 1412 companies in the Biotechnology industry, placing it in the top 74.4%.
Is Oncolytics Biotech's Quick Ratio too high?
Oncolytics Biotech's current Quick Ratio of 1.38 is 74% below median its 10-year median of 5.21. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 22.15. The Biotechnology industry median Quick Ratio is 3.60. Oncolytics Biotech's value of 1.38 is 61.7% below this industry median. Based on the distribution chart, Oncolytics Biotech ranks #1050 out of 1412 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Oncolytics Biotech has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Oncolytics Biotech's Quick Ratio compare to VRCA and ENGN?
According to the Biotechnology industry distribution chart, Oncolytics Biotech ranks #1050 out of 1412 companies for Quick Ratio. This places Oncolytics Biotech in the lower half of its industry. The industry median Quick Ratio is 3.60. Oncolytics Biotech's value of 1.38 is 61.7% below this benchmark. Historically, Oncolytics Biotech's own Quick Ratio has ranged from 1.12 to 22.15 over the past decade. While the company's 10-year median is 5.21 vs. the industry median of 3.60, Oncolytics Biotech has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Biotechnology company?
The median Quick Ratio among Biotechnology companies is 3.60, based on 1,412 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oncolytics Biotech's current Quick Ratio of 1.38 is 61.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oncolytics Biotech and its competitors. For the Biotechnology industry, the median Quick Ratio is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oncolytics Biotech's current Quick Ratio is 1.38, which is 74% below median its own 10-year median of 5.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oncolytics Biotech stock overvalued right now?
Oncolytics Biotech (ONCY) has a current Quick Ratio of 1.38. The current Quick Ratio is 1.38, which is 74% below median its 10-year median of 5.21 and 61.7% below the Biotechnology industry median of 3.60. Oncolytics Biotech's overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Oncolytics Biotech (ONCY), the current Quick Ratio is 1.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Oncolytics Biotech Inc is a clinical-stage biopharmaceutical company. The company is focused on the discovery and development of pharmaceutical products for the treatment of cancers that have not been treated with therapeutics. It is developing pelareorep, an immunotherapeutic agent that improves the ability of the immune system to fight cancer, making tumors more susceptible to a broad range of oncology treatments. The other projects in the company's pipeline include Bracelet-1 for the treatment of Breast Cancer, Goblet cohort-1, and Goblet cohort-5 for the treatment of Gastro-Intestinal Cancer, among others.
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