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Spruce BiosciencesSPRB -1.25%40 Quick Ratio is 4.67 as of Mar. 2026, which is 14% below its 10-year median of 5.41. GuruFocus rates SPRB with a GF Score™ of 40/100 and a GF Value™ of $4.08 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,411 Biotechnology companies, Spruce Biosciences ranks better than 57.05% on this metric.
Spruce Biosciences (NAS:SPRB) 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.
Spruce Biosciences Quick Ratio Related Terms
Spruce Biosciences Quick Ratio Historical Data
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The historical data trend for Spruce Biosciences'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, Spruce Biosciences'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.
Spruce Biosciences Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Spruce Biosciences's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Spruce Biosciences'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.
Spruce Biosciences'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.
Spruce Biosciences (SPRB) has a Quick Ratio of 4.67 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Spruce Biosciences and its competitors. This is 14% below median its historical median of 5.41. Over the past decade, Spruce Biosciences' Quick Ratio has ranged from 1.08 to 22.13. According to the industry distribution chart, Spruce Biosciences ranks #606 out of 1411 companies in the Biotechnology industry, placing it in the top 42.9%.
Is Spruce Biosciences' Quick Ratio too high?
Spruce Biosciences' current Quick Ratio of 4.67 is 14% below median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 22.13. The Biotechnology industry median Quick Ratio is 3.56. Spruce Biosciences' value of 4.67 is 31.2% above this industry median. Based on the distribution chart, Spruce Biosciences ranks #606 out of 1411 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Spruce Biosciences has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spruce Biosciences' Quick Ratio compare to VXRT and VTVT?
According to the Biotechnology industry distribution chart, Spruce Biosciences ranks #606 out of 1411 companies for Quick Ratio. This puts Spruce Biosciences in the upper half of its industry. The industry median Quick Ratio is 3.56. Spruce Biosciences' value of 4.67 is 31.2% above this benchmark. Historically, Spruce Biosciences' own Quick Ratio has ranged from 1.08 to 22.13 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 3.56, Spruce Biosciences has consistently been above 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 3.56, 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. Spruce Biosciences's current Quick Ratio of 4.67 is 31.2% above 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 Spruce Biosciences and its competitors. For the Biotechnology industry, the median Quick Ratio is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spruce Biosciences's current Quick Ratio is 4.67, which is 14% below median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spruce Biosciences stock overvalued right now?
Based on GuruFocus' analysis, Spruce Biosciences (SPRB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.08, compared to a current price of $42.83 — trading 949.8% above its estimated fair value. The current Quick Ratio is 4.67, which is 14% below median its 10-year median of 5.41 and 31.2% above the Biotechnology industry median of 3.56. Spruce Biosciences' overall GF Score™ is 40/100 with 1 warning sign 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 Spruce Biosciences (SPRB), the current Quick Ratio is 4.67 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.
Is Spruce Biosciences (SPRB) Overvalued in 2026?
Based on GuruFocus' analysis, Spruce Biosciences stock appears to be overvalued.
The current stock price of $42.83 is trading 949.8% above its estimated GF Value™ of $4.08.
GuruFocus considers Spruce Biosciences to be Significantly Overvalued.
Key valuation signals for SPRB:
Quick Ratio: 4.67 (14% below median its 10-year median of 5.41)
GF Value™: $4.08 vs. price of $42.83 (949.8% above fair value)
Industry Position: 31.2% above the Biotechnology median (#606 of 1411)
No single metric tells the full story. See the SPRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spruce Biosciences Inc is a late-stage biopharmaceutical company focused on developing and commercializing novel therapies for rare endocrine disorders with unmet medical needs. The company develops biologics and small-molecule product candidates aimed at addressing diseases with unmet medical needs and limited or no approved therapies. Its product candidate, TA-ERT for the treatment of Mucopolysaccharidosis Type IIIB (MPS IIIB), is a fusion protein comprised of recombinant human alpha-N-acetylglucosaminidase (rhNAGLU) intended as an enzyme replacement therapy for patients who lack rhNAGLU enzyme activity. TA-ERT is designed to restore rhNAGLU enzyme activity in the central nervous system following intracerebroventricular injection and promote clearance of heparan sulfate in the brain.
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