Actinium Pharmaceuticals has a Cash Ratio of 10.42. 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 Actinium Pharmaceuticals's Cash Ratio or its related term are showing as below:
STU:7AY1'
s Cash Ratio Range Over the Past 10 Years
Min: 0.71 Med: 6.29 Max: 21.15
Current: 10.42
During the past 13 years, Actinium Pharmaceuticals's highest Cash Ratio was 21.15. The lowest was 0.71. And the median was 6.29.
STU:7AY1's Cash Ratio is ranked better than 82.28% of 1507
companies
in the Biotechnology industry
Industry Median: 2.95
vs STU:7AY1: 10.42
Actinium Pharmaceuticals Cash Ratio Historical Data
* 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 Actinium Pharmaceuticals's Cash Ratio
For the Biotechnology subindustry, Actinium Pharmaceuticals'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.
Actinium Pharmaceuticals's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Actinium Pharmaceuticals's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Actinium Pharmaceuticals's Cash Ratio falls into.
Actinium Pharmaceuticals Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Actinium Pharmaceuticals'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.
Actinium Pharmaceuticals (STU:7AY1) 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.
Actinium Pharmaceuticals Cash Ratio Related Terms
Thank you for viewing the detailed overview of Actinium Pharmaceuticals's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Actinium Pharmaceuticals (STU:7AY1) Business Description
Actinium Pharmaceuticals Inc is a biopharmaceutical company engaged in the development of innovative-targeted therapies for patients with cancers lacking effective treatment options. The company's proprietary technology platform utilizes monoclonal antibodies to deliver radioisotopes directly to cells of interest in order to kill those cells safely and effectively. Its most advanced products are Iomab-B, an antibody-drug construct containing iodine 131 (I-131), used for hematopoietic stem cells transplantation in various indications and Actimab-A, an antibody-drug construct containing actinium 225 (Ac-225), currently in human clinical trials for acute myeloid leukemia.
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