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ARS PharmaceuticalsSPRY +1.51%28 Quick Ratio is 4.77 as of Mar. 2026, which is 62% below its 10-year median of 12.52. GuruFocus rates SPRY with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 1,409 Biotechnology companies, ARS Pharmaceuticals ranks better than 58.2% on this metric.
ARS Pharmaceuticals (NAS:SPRY) 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.
ARS Pharmaceuticals Quick Ratio Related Terms
ARS Pharmaceuticals Quick Ratio Historical Data
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The historical data trend for ARS Pharmaceuticals'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, ARS Pharmaceuticals'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.
ARS Pharmaceuticals Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, ARS Pharmaceuticals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ARS Pharmaceuticals'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.
ARS Pharmaceuticals'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.
ARS Pharmaceuticals (SPRY) has a Quick Ratio of 4.77 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on ARS Pharmaceuticals and its competitors. This is 62% below median its historical median of 12.52. Over the past decade, ARS Pharmaceuticals' Quick Ratio has ranged from 3.21 to 96.92. According to the industry distribution chart, ARS Pharmaceuticals ranks #589 out of 1409 companies in the Biotechnology industry, placing it in the top 41.8%.
Is ARS Pharmaceuticals' Quick Ratio too high?
ARS Pharmaceuticals' current Quick Ratio of 4.77 is 62% below median its 10-year median of 12.52. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 96.92. The Biotechnology industry median Quick Ratio is 3.52. ARS Pharmaceuticals' value of 4.77 is 35.5% above this industry median. Based on the distribution chart, ARS Pharmaceuticals ranks #589 out of 1409 companies in the Biotechnology industry, which is above the industry midpoint. Overall, ARS Pharmaceuticals has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does ARS Pharmaceuticals' Quick Ratio compare to ALLO and CBIO?
According to the Biotechnology industry distribution chart, ARS Pharmaceuticals ranks #589 out of 1409 companies for Quick Ratio. This puts ARS Pharmaceuticals in the upper half of its industry. The industry median Quick Ratio is 3.52. ARS Pharmaceuticals' value of 4.77 is 35.5% above this benchmark. Historically, ARS Pharmaceuticals' own Quick Ratio has ranged from 3.21 to 96.92 over the past decade. While the company's 10-year median is 12.52 vs. the industry median of 3.52, ARS Pharmaceuticals 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 3.52, based on 1,409 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. ARS Pharmaceuticals's current Quick Ratio of 4.77 is 35.5% 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 ARS Pharmaceuticals and its competitors. For the Biotechnology industry, the median Quick Ratio is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARS Pharmaceuticals's current Quick Ratio is 4.77, which is 62% below median its own 10-year median of 12.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARS Pharmaceuticals stock overvalued right now?
ARS Pharmaceuticals (SPRY) has a current Quick Ratio of 4.77. The current Quick Ratio is 4.77, which is 62% below median its 10-year median of 12.52 and 35.5% above the Biotechnology industry median of 3.52. ARS Pharmaceuticals' overall GF Score™ is 28/100 with 5 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 ARS Pharmaceuticals (SPRY), the current Quick Ratio is 4.77 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.
ARS Pharmaceuticals Inc is a biopharmaceutical company focused on the commercialization and development of neffy (currently identified in the European Union (EU) and United Kingdom (U.K.) by the trade name EURneffy and in China) for needle-free intranasal delivery of epinephrine for emergency treatment of Type I allergic reactions, including anaphylaxis. Neffy is a proprietary composition of epinephrine with an absorption enhancer called Intravail, which allows Neffy to safely provide intranasal delivery of epinephrine at a low dose within the exposures of approved injectable products across a range of dosing conditions.
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