Anebulo Pharmaceuticals(Aneb) Financials: Quick Ratio Compared To Industry Average, Plus Other Key Ratios
Liquidity Trend (Last 5 Years)
Liquidity - quick ratio
This chart shows the historical trend of quick ratio for ANEB compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Quick Ratio
Definition: The quick ratio is like an emergency response measure: can the company pay off short-term debts without selling any inventory? It only counts cash, short-term investments, and receivables — assets that can quickly be turned into cash. A healthy quick ratio shows strong liquidity. A very low quick ratio means the company depends on selling inventory to meet short-term obligations — which can be risky if sales unexpectedly slow down.
Interpretation:
• In '2021', ANEB's quick ratio was 82.71, providing a stringent test of short-term liquidity. Industry average for Biotechnology: Pharmaceutical Preparations in '2021' stood at 4.05.
Overall, ANEB's quick ratio has remained generally stable over the past 1 years.
Formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities
Good Range: Normally between 0.8 and 1.5.