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Biogen BIIB Cash ratio

Cash ratio at other companies

BridgeBio Pharma logo
BridgeBio PharmaBBIO
1.1×-2.5×
Eli Lilly logo
Eli LillyLLY
0.1×0.0×
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
0.2×-0.8×
AbbVie logo
AbbVieABBV
0.2×+0.1×
Johnson & Johnson logo
Johnson & JohnsonJNJ
0.4×-0.3×
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
0.3×-0.1×

Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Operating income$610.7M
Net income$319.5M+32.8%
EPS (diluted)$2.15+31.1%

Balance sheet

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Cash & equivalents$3.4B+30.2%
Total debt$6.6B+34.7%
Total equity$18.7B+9.9%
Total assets$29.5B+5.2%

Cash flow

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Operating cash flow$645.5M+149%
CapEx$51.2M+38.0%
Free cash flow$594.3M+167%

Valuation

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Market cap$29.02B+34.3%
Enterprise value$32.2B+34.9%
P/E20.4×+5.8×
P/S2.9×+0.7×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp
FCF margin24.4%-0.4pp

Returns & leverage

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Return on equity8%-1.2pp
Debt / equity0.4×+0.1×
Current ratio3.1×+1.6×

Where this comes from

Calculated from Biogen’s reported figures.

Based on the most recent quarter.

The official record: Biogen’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's cash ratio?
Biogen (BIIB) reported cash ratio of 1.1× in Q1 2026.
How has Biogen's cash ratio changed year-over-year?
Biogen's cash ratio increased by 130.0% year-over-year, from 0.5× to 1.1×.
What is the long-term trend for Biogen's cash ratio?
Over 5 years (2020 to 2025), Biogen's cash ratio has grown at a 20.4% compound annual growth rate (CAGR), from 0.4× to 0.9×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.