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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. DMK Pharmaceuticals's quick ratio for the quarter that ended in Sep. 2023 was 0.54.
DMK Pharmaceuticals has a quick ratio of 0.54. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for DMK Pharmaceuticals's Quick Ratio or its related term are showing as below:
During the past 13 years, DMK Pharmaceuticals's highest Quick Ratio was 4.97. The lowest was 0.09. And the median was 1.26.
The historical data trend for DMK 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.
DMK Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Mar13 | Mar14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.95 | 1.26 | 0.57 | 3.10 | 0.70 |
DMK Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Quick Ratio | Get a 7-Day Free Trial | 1.01 | 0.70 | 0.53 | 0.19 | 0.54 |
For the Drug Manufacturers - Specialty & Generic subindustry, DMK 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.
For the Drug Manufacturers industry and Healthcare sector, DMK Pharmaceuticals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where DMK 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.
DMK Pharmaceuticals's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (9.272 | - | 1.239) | / | 11.396 | |
= | 0.70 |
DMK Pharmaceuticals's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as
Quick Ratio (Q: Sep. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (7.872 | - | 0.663) | / | 13.462 | |
= | 0.54 |
* 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.
DMK Pharmaceuticals (OTCPK:DMKPQ) 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 DMK Pharmaceuticals's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dorbin John W. Jr. | officer: General Counsel | C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402 |
Seth Cohen | officer: CFO | C/O NEWTEK BUSINESS SERVICES,INC, 1440 BROADWAY, NEW YORK NY 10018 |
Ebrahim Versi | director, officer: CEO | 11682 EL CAMINO REAL, STE 300, SAN DIEGO CA 92130 |
Jannine Versi | director | 11682 EL CAMINO REAL, STE 300, SAN DIEGO CA 92130 |
Vickie S Reed | director | TORREYPINES THERAPEUTICS, INC., 11085 NORTH TORREY PINES RD, STE 300, LA JOLLA CA 92037 |
David J. Marguglio | director | 2658 DEL MAR HEIGHTS RD., #555, DEL MAR CA 92014 |
Carlo Dennis J Phd | director, 10 percent owner, officer: President/CEO | PO BOX 1176, RANCHO SANTA FE CA 92067 |
Ronald B. Moss | officer: Chief Medical Officer | 11682 EL CAMINO REAL STE 300, SAN DIEGO CA 92130 |
David C. Benedicto | officer: Chief Financial Officer | 11682 EL CAMINO REAL, STE 300, SAN DIEGO CA 92130 |
Meera J. Desai | director | 1682 EL CAMINO REAL, STE 300, SAN DIEGO CA 92130 |
Robert O Hopkins | officer: Chief Financial Officer | 2658 DEL MAR HEIGHTS RD., #555, DEL MAR CA 92014 |
Karen K. Daniels | officer: Vice President of Operations | 11455 EL CAMINO REAL, SUITE 310, SAN DIEGO CA 92130 |
Howard C Birndorf | director | C/O NANOGEN INC, 10398 PACIFIC CENTER COURT, SAN DIEGO CA 92121 |
Roshawn A. Blunt | director | 11682 EL CAMINO REAL STE 300, SAN DIEGO CA 92130 |
Richard C Williams | director | 26001 OSPREY NEST COURT, BONITA SPRINGS FL 34134 |
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