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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. Celldex Therapeutics's quick ratio for the quarter that ended in Dec. 2023 was 13.87.
Celldex Therapeutics has a quick ratio of 13.87. It generally indicates good short-term financial strength.
The historical rank and industry rank for Celldex Therapeutics's Quick Ratio or its related term are showing as below:
During the past 13 years, Celldex Therapeutics's highest Quick Ratio was 24.86. The lowest was 5.22. And the median was 9.06.
The historical data trend for Celldex Therapeutics'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.
Celldex Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 5.73 | 13.93 | 24.86 | 17.07 | 13.87 |
Celldex Therapeutics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Quick Ratio | Get a 7-Day Free Trial | 17.07 | 19.03 | 16.93 | 8.84 | 13.87 |
For the Biotechnology subindustry, Celldex Therapeutics'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.
For the Biotechnology industry and Healthcare sector, Celldex Therapeutics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Celldex Therapeutics'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.
Celldex Therapeutics's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Quick Ratio (A: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (431.693 | - | 0) | / | 31.125 | |
= | 13.87 |
Celldex Therapeutics's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as
Quick Ratio (Q: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (431.693 | - | 0) | / | 31.125 | |
= | 13.87 |
* 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.
Celldex Therapeutics (NAS:CLDX) 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.
Thank you for viewing the detailed overview of Celldex Therapeutics's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Garry Arthur Neil | director | 555 CALIFORNIA STREET, SUITE 365, SAN FRANCISCO CA 94104 |
Cheryl Cohen | director | C/O MEDIVATION, INC., 201 SPEAR ST., 3RD FLOOR, SAN FRANCISCO CA 94105 |
Rita Jain | director | C/O AKEBIA THERAPEUTICS, INC., 245 FIRST STREET, SUITE 1100, CAMBRIDGE MA 02142 |
Tibor Keler | officer: Sen. VP & Ch Scientific Off. | 30 PARK ROAD, OTTSVILLE PA 18942 |
Sarah Cavanaugh | officer: SVP of Corp. Affairs & Admin. | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
Diane C. Young | officer: SVP, Chief Medical Officer | 175 TOYOTA PLAZA, 7TH FLOOR, MEMPHIS TN 38103 |
Anthony S Marucci | director, officer: President and CEO | 66 COLD HILL DRIVE, MENDAHM NJ 07945 |
Richard M. Wright | officer: Sr. VP & CCO | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
Samuel Bates Martin | officer: SVP and CFO | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
Margo Heath-chiozzi | officer: SVP of of Regulatory Affairs | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
Elizabeth Crowley | officer: SVP, Chief Product Dev Officer | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
Freddy A. Jimenez | officer: SVP & General Counsel | C/O CELLDEX THERAPEUTICS, INC., 53 FRONTAGE ROAD, SUITE 220, HAMPTON NJ 08827 |
James J Marino | director | C/O ONCONOVA THERAPEUTICS, 375 PHEASANT RUN, NEWTOWN PA 18940 |
Keith L Brownlie | director | 777 OLD SAW MILL RIVER RD, TARRYTOWN NY 10591 |
Gerald Phd Mcmahon | director | 300 ELLIOTT AVENUE WEST, SUITE 500, SEATTLE WA 98119-4114 |
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