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. Zentalis Pharmaceuticals's quick ratio for the quarter that ended in Jun. 2023 was 10.90.
Zentalis Pharmaceuticals has a quick ratio of 10.90. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zentalis Pharmaceuticals's Quick Ratio or its related term are showing as below:
ZNTL'
s Quick Ratio Range Over the Past 10 Years
Min: 3.9 Med: 8.01 Max: 15.59
Current: 10.9
During the past 5 years, Zentalis Pharmaceuticals's highest Quick Ratio was 15.59. The lowest was 3.90. And the median was 8.01.
ZNTL's Quick Ratio is ranked better than 81.24% of 1583
companies
in the Biotechnology industry
Industry Median: 3.78
vs ZNTL: 10.90
Zentalis Pharmaceuticals Quick Ratio Historical Data
The historical data trend for Zentalis 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.
* Premium members only.
Zentalis Pharmaceuticals Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Dec22
Quick Ratio
4.30
4.62
12.07
7.98
7.98
Zentalis Pharmaceuticals Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Quick Ratio
9.61
8.03
7.98
7.28
10.90
Competitive Comparison
For the Biotechnology subindustry, Zentalis 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.
Zentalis Pharmaceuticals Quick Ratio Distribution
For the Biotechnology industry and Healthcare sector, Zentalis Pharmaceuticals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zentalis Pharmaceuticals's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.
Zentalis Pharmaceuticals 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.
Zentalis Pharmaceuticals's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Zentalis Pharmaceuticals (NAS:ZNTL) 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.
Zentalis Pharmaceuticals Quick Ratio Related Terms
Thank you for viewing the detailed overview of Zentalis Pharmaceuticals's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Zentalis Pharmaceuticals (NAS:ZNTL) Business Description
Zentalis Pharmaceuticals Inc is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers. It uses a drug discovery engine, which it refers to as Integrated Discovery Engine, to identify targets and develop small molecule new chemical entities, or NCEs, with properties that it believes could result in potentially differentiated product profiles. It has two lead product candidates under pipeline: ZN-c5, for the treatment of advanced estrogen receptor-positive, human epidermal growth factor receptor 2-negative, or ER+/HER2-, advanced or metastatic breast cancer; and ZN-c3, for the treatment of advanced solid tumors as monotherapy and ovarian cancer.
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