What is Ardelyx's current ratio?

Ardelyx (ARDX) reported current ratio of 3.5× in Q1 2026.

How has Ardelyx's current ratio changed year-over-year?

Ardelyx's current ratio decreased by 15.5% year-over-year, from 4.1× to 3.5×.

What is the long-term trend for Ardelyx's current ratio?

Over 5 years (2020 to 2025), Ardelyx's current ratio has grown at a -8.8% compound annual growth rate (CAGR), from 6.9× to 4.3×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Ardelyx ARDX Current ratio

Current ratio at other companies

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1.3×+0.1×

Bausch Health CompaniesBHC

1.3×0.0×

AbbVieABBV

0.8×0.0×

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Xeris Biopharma Holdings, Inc.XERS

2.1×+0.4×

Neurocrine BiosciencesNBIX

2.9×-0.2×

Aurinia PharmaceuticalsAUPH

5.5×-0.4×

Other financials

Income statement

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Revenue$94.5M+27.5%

Gross profit$89.7M+45.1%

Operating income-$32.8M+9.8%

Net income-$37.6M+8.6%

EPS (diluted)-$0.15+11.8%

Balance sheet

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Cash & equivalents$31.2M+1.3%

Total debt$208.3M+34.3%

Total equity$148.6M+2.0%

Total assets$504.5M+23.0%

Cash flow

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Operating cash flow-$32.2M+16.2%

CapEx$69.0K-78.8%

Free cash flow-$32.3M+16.7%

Valuation

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Market cap$1.53B+25.5%

Enterprise value$1.71B+27.1%

P/S3.6×+0.2×

Profitability

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Gross margin92.5%+7.9pp

Operating margin-25.4%—

Net margin-13.6%—

FCF margin-40.9%—

Returns & leverage

See full

Return on equity-39.5%—

Debt / equity1.4×+0.3×

Where this comes from

Calculated from Ardelyx’s reported figures.

total current assets/total current liabilities=3.5×

Based on the most recent quarter.

The official record: Ardelyx’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's current ratio?: Ardelyx (ARDX) reported current ratio of 3.5× in Q1 2026.
How has Ardelyx's current ratio changed year-over-year?: Ardelyx's current ratio decreased by 15.5% year-over-year, from 4.1× to 3.5×.
What is the long-term trend for Ardelyx's current ratio?: Over 5 years (2020 to 2025), Ardelyx's current ratio has grown at a -8.8% compound annual growth rate (CAGR), from 6.9× to 4.3×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.