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. Replimune Group's quick ratio for the quarter that ended in Dec. 2023 was 12.40.
Replimune Group has a quick ratio of 12.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Replimune Group's Quick Ratio or its related term are showing as below:
REPL'
s Quick Ratio Range Over the Past 10 Years
Min: 9.79 Med: 17.52 Max: 40.56
Current: 12.4
During the past 7 years, Replimune Group's highest Quick Ratio was 40.56. The lowest was 9.79. And the median was 17.52.
REPL's Quick Ratio is ranked better than 85.96% of 1553
companies
in the Biotechnology industry
Industry Median: 3.56
vs REPL: 12.40
Replimune Group Quick Ratio Historical Data
The historical data trend for Replimune Group'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.
Competitive Comparison of Replimune Group's Quick Ratio
For the Biotechnology subindustry, Replimune Group'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.
Replimune Group's Quick Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Replimune Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Replimune Group's Quick Ratio falls into.
Replimune Group Quick Ratio Calculation
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.
Replimune Group's Quick Ratio for the fiscal year that ended in Mar. 2023 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.
Replimune Group (NAS:REPL) 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.
Replimune Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Replimune Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Replimune Group (Replimune Group) Business Description
Replimune Group Inc is a clinical-stage biotechnology company. It uses a proprietary RPx platform to design and develop product candidates that are intended to maximally activate the immune system against solid tumors. The RPx platform is based on a proprietary, engineered strain of herpes simplex virus 1, or HSV-1, backbone with payloads added to maximize immunogenic cell death and the induction of a systemic anti-tumor immune response. The company focuses on developing oncolytic immunotherapies for the treatment of cancer. Its pipeline products include RP1, RP2, and RP3.
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