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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. Kadmon Holdings's quick ratio for the quarter that ended in Sep. 2021 was 6.32.
Kadmon Holdings has a quick ratio of 6.32. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kadmon Holdings's Quick Ratio or its related term are showing as below:
During the past 7 years, Kadmon Holdings's highest Quick Ratio was 11.00. The lowest was 0.23. And the median was 2.98.
The historical data trend for Kadmon Holdings'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.
Kadmon Holdings Annual Data | ||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.55 | 1.23 | 4.08 | 6.40 | 4.66 |
Kadmon Holdings Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Quick Ratio | Get a 7-Day Free Trial | 5.76 | 4.66 | 11.00 | 9.46 | 6.32 |
For the Biotechnology subindustry, Kadmon Holdings'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, Kadmon Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kadmon Holdings'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.
Kadmon Holdings's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Quick Ratio (A: Dec. 2020 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (137.301 | - | 0.102) | / | 29.471 | |
= | 4.66 |
Kadmon Holdings's Quick Ratio for the quarter that ended in Sep. 2021 is calculated as
Quick Ratio (Q: Sep. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (281.758 | - | 0.022) | / | 44.566 | |
= | 6.32 |
* 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.
Kadmon Holdings (NAS:KDMN) 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 Kadmon Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Harlan Waksal | director, officer: President, CEO | WAKSAL CONSULTING LLC, 7 NORTH WILLOW STREET, SUITE 6, MONTCLAIR NJ 07042 |
Nancy Miller-rich | director | C/O INTERCEPT PHARMACEUTICALS, INC., 10 HUDSON YARDS, 37TH FL, NEW YORK NY 10001 |
Cynthia Schwalm | director | C/O G1 THERAPEUTICS, 700 PARK OFFICES DR, SUITE 200, P.O. BOX 110341, RESEARCH TRIANGLE PARK NC 27709 |
Arthur S Kirsch | director | 7100 WEST CREDIT AVENUE, SUITE 101, C/O ARALEZ PHARMACEUTICALS INC., MISSISSAUGA A6 L5N 0E4 |
David E Cohen | director | 3160 PORTER DRIVE, PALO ALTO CA 94304 |
Eugene Bauer | director | C/O KADMON HOLDINGS, LLC 450 E 29TH STREET NEW YORK NY 10016 |
Tasos Konidaris | director | 103 JFK PARKWAY, SHORT HILLS NJ 07078 |
John L Ryan | officer: Executive Vice President, CMO | C/O KADMON HOLDINGS, LLC, 450 E. 29TH STREET, NEW YORK NY 10016 |
Steven Meehan | officer: EVP, Chief Financial Officer | 450 E. 29TH STREET NEW YORK NY 10016 |
Kyle Carver | officer: Principal Accounting Officer, Controller | 450 EAST 29TH STREET NEW YORK NY 10016 |
Gregory S. Moss | officer: EVP, General Counsel, Chief Compliance Officer | 450 EAST 29TH STREET, 16TH FLOOR, NEW YORK NY 10016 |
Perceptive Life Sciences Master Fund Ltd | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Perceptive Advisors Llc | other: Former 10% owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Joseph Edelman | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Steven N. Gordon | officer: Exec VP, GC, Chief Admin, Comp | C/O KADMON HOLDINGS, LLC 450 E 29TH STREET NEW YORK NY 10016 |
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