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Biogen BIIB Current ratio

Current ratio at other companies

Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
2.9×-0.2×
Eli Lilly logo
Eli LillyLLY
1.5×+0.1×
Royalty Pharma logo
Royalty PharmaRPRX
2.7×+1.1×
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
1.4×+0.1×
Amgen logo
AmgenAMGN
1.3×+0.1×
Incyte logo
IncyteINCY
3.7×+1.6×

Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Net income$319.5M+32.9%
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$29.33B+34.3%
Enterprise value$32.51B+34.9%
P/E20.6×+5.9×
P/S+0.7×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp

Returns & leverage

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Return on equity8%-1.2pp
Debt / equity0.4×+0.1×

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 current ratio?
Biogen (BIIB) reported current ratio of 3.1× in Q1 2026.
How has Biogen's current ratio changed year-over-year?
Biogen's current ratio increased by 112.9% year-over-year, from 1.4× to 3.1×.
What is the long-term trend for Biogen's current ratio?
Over 4 years (2021 to 2025), Biogen's current ratio has grown at a 4.6% compound annual growth rate (CAGR), from 7.8× to 9.3×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.