What is Alkermes's cash ratio?

Alkermes (ALKS) reported cash ratio of 0.6× in Q1 2026.

How has Alkermes's cash ratio changed year-over-year?

Alkermes's cash ratio decreased by 34.9% year-over-year, from 0.9× to 0.6×.

What is the long-term trend for Alkermes's cash ratio?

Over 5 years (2020 to 2025), Alkermes's cash ratio has grown at a 2.8% compound annual growth rate (CAGR), from 0.6× to 0.7×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Alkermes ALKS Cash ratio

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0.5×0.0×

Jazz PharmaceuticalsJAZZ

0.3×-1.2×

AbbVieABBV

0.2×+0.1×

Axsome TherapeuticsAXSM

0.7×-0.5×

Ionis PharmaceuticalsIONS

0.2×-0.8×

Neurocrine BiosciencesNBIX

0.3×-0.1×

Other financials

Income statement

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Revenue$392.9M+28.2%

Gross profit$331.3M+28.8%

Operating income-$48.3M-450%

Net income-$66.5M-396%

EPS (diluted)-$0.40-408%

Balance sheet

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Cash & equivalents$351.6M-12.1%

Total debt$1.6B+2,034%

Total equity$1.8B+15.9%

Total assets$4.3B+105%

Cash flow

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Operating cash flow-$165.7M-268%

CapEx$4.1M-59.5%

Free cash flow-$169.8M-291%

Valuation

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Market cap$7.5B+9.7%

Enterprise value$8.73B+41.2%

P/E49.1×+29.7×

P/S4.8×+0.3×

Profitability

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Gross margin86.6%+2.2pp

Operating margin12.3%-13.6pp

Net margin9.8%-13.5pp

FCF margin14.2%-17.6pp

Returns & leverage

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Return on equity9.4%-16.1pp

Debt / equity0.9×+0.9×

Current ratio2.3×-1.1×

Where this comes from

Calculated from Alkermes’s reported figures.

cash and equivalents/total current liabilities=0.6×

Based on the most recent quarter.

The official record: Alkermes’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alkermes's cash ratio?: Alkermes (ALKS) reported cash ratio of 0.6× in Q1 2026.
How has Alkermes's cash ratio changed year-over-year?: Alkermes's cash ratio decreased by 34.9% year-over-year, from 0.9× to 0.6×.
What is the long-term trend for Alkermes's cash ratio?: Over 5 years (2020 to 2025), Alkermes's cash ratio has grown at a 2.8% compound annual growth rate (CAGR), from 0.6× to 0.7×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.