Passage BioPASG +2.18%30 Quick Ratio is 1.73 as of Mar. 2026, which is 83% below its 10-year median of 9.95. GuruFocus rates PASG with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 1,411 Biotechnology companies, Passage Bio ranks worse than 69.38% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Passage Bio's quick ratio for the quarter that ended in Mar. 2026 was 1.73.
Passage Bio has a quick ratio of 1.73. It generally indicates good short-term financial strength.
The historical rank and industry rank for Passage Bio's Quick Ratio or its related term are showing as below:
PASG'
s Quick Ratio Range Over the Past 10 Years
Min: 1.73 Med: 9.95 Max: 108.79
Current: 1.73
During the past 8 years, Passage Bio's highest Quick Ratio was 108.79. The lowest was 1.73. And the median was 9.95.
PASG's Quick Ratio is ranked worse than 69.38% of 1411
companies
in the Biotechnology industry
Industry Median: 3.6
vs PASG: 1.73
Passage Bio (NAS:PASG) 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.
Passage Bio Quick Ratio Related Terms
Passage Bio Quick Ratio Historical Data
* Premium members only.
The historical data trend for Passage Bio'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, Passage Bio'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.
Passage Bio Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Passage Bio's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Passage Bio'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.
Passage Bio'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.
Passage Bio (PASG) has a Quick Ratio of 1.73 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Passage Bio and its competitors. This is 83% below median its historical median of 9.95. Over the past decade, Passage Bio's Quick Ratio has ranged from 1.73 to 108.79. According to the industry distribution chart, Passage Bio ranks #979 out of 1411 companies in the Biotechnology industry, placing it in the top 69.4%.
Is Passage Bio's Quick Ratio too high?
Passage Bio's current Quick Ratio of 1.73 is 83% below median its 10-year median of 9.95. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 108.79. The Biotechnology industry median Quick Ratio is 3.60. Passage Bio's value of 1.73 is 51.9% below this industry median. Based on the distribution chart, Passage Bio ranks #979 out of 1411 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Passage Bio has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Passage Bio's Quick Ratio compare to CTXR and HIND?
According to the Biotechnology industry distribution chart, Passage Bio ranks #979 out of 1411 companies for Quick Ratio. This places Passage Bio in the lower half of its industry. The industry median Quick Ratio is 3.60. Passage Bio's value of 1.73 is 51.9% below this benchmark. Historically, Passage Bio's own Quick Ratio has ranged from 1.73 to 108.79 over the past decade. While the company's 10-year median is 9.95 vs. the industry median of 3.60, Passage Bio 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 1,411 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. Passage Bio's current Quick Ratio of 1.73 is 51.9% 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 Passage Bio 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. Passage Bio's current Quick Ratio is 1.73, which is 83% below median its own 10-year median of 9.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Passage Bio stock overvalued right now?
Passage Bio (PASG) has a current Quick Ratio of 1.73. The current Quick Ratio is 1.73, which is 83% below median its 10-year median of 9.95 and 51.9% below the Biotechnology industry median of 3.60. Passage Bio's overall GF Score™ is 30/100 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 Passage Bio (PASG), the current Quick Ratio is 1.73 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.
Passage Bio Inc is a clinical-stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases. Their primary focus is the development and advancement of cutting-edge, one-time gene therapies designed to target critical underlying pathologies in these conditions. The Company operates in a single reportable segment, developing and advancing genetic medicines designed to target the critical underlying pathology of neurodegenerative diseases. The pipeline having PBFT02.
30GF Score
Get the complete analysis for PASG
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PASG has been successfully added to your 
