AN2 Therapeutics has a Cash Ratio of 10.71. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for AN2 Therapeutics's Cash Ratio or its related term are showing as below:
ANTX'
s Cash Ratio Range Over the Past 10 Years
Min: 2.79 Med: 10.71 Max: 27.33
Current: 10.71
During the past 4 years, AN2 Therapeutics's highest Cash Ratio was 27.33. The lowest was 2.79. And the median was 10.71.
ANTX's Cash Ratio is ranked better than 82.68% of 1507
companies
in the Biotechnology industry
Industry Median: 2.95
vs ANTX: 10.71
AN2 Therapeutics Cash Ratio Historical Data
The historical data trend for AN2 Therapeutics's Cash 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 AN2 Therapeutics's Cash Ratio
For the Biotechnology subindustry, AN2 Therapeutics's Cash Ratio, along with its competitors' market caps and Cash 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.
AN2 Therapeutics's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, AN2 Therapeutics's Cash Ratio distribution charts can be found below:
* The bar in red indicates where AN2 Therapeutics's Cash Ratio falls into.
AN2 Therapeutics Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
AN2 Therapeutics's Cash Ratio for the fiscal year that ended in Dec. 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.
AN2 Therapeutics (NAS:ANTX) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
AN2 Therapeutics Cash Ratio Related Terms
Thank you for viewing the detailed overview of AN2 Therapeutics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AN2 Therapeutics (AN2 Therapeutics) Business Description
AN2 Therapeutics Inc is a clinical-stage biopharmaceutical company developing treatments for rare, chronic, and serious infectious diseases with high unmet needs. The initial product candidate is epetraborole, a once-daily oral treatment for patients with chronic non-tuberculous mycobacterial, or NTM, lung disease.
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