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Current ratio at other companies

Eli Lilly logo
Eli LillyLLY
1.5×+0.1×
Pfizer logo
PfizerPFE
1.2×0.0×
Arrowhead Research logo
Arrowhead ResearchARWR
6.2×+1.1×
ALN
Alnylam PharmaceuticalsALNY
3.1×+0.1×
BridgeBio Pharma logo
BridgeBio PharmaBBIO
1.5×-3.0×
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
2.9×-0.2×

Other financials

Income statement

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Revenue$246.1M+87.0%
Gross profit$243.1M+86.8%
Operating income-$117.4M+20.0%
Net income-$92.5M+37.0%
EPS (diluted)-$0.56+39.8%

Balance sheet

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Cash & equivalents$173.4M-34.4%
Total debt$691.7M+334%
Total equity$491.4M+3.3%
Total assets$3.4B+22.6%

Cash flow

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Operating cash flow-$792.8M-426%
CapEx$21.8M+73.0%
Free cash flow-$814.6M-399%

Valuation

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Market cap$12.25B+159%
Enterprise value$12.77B+175%
P/S11.6×+5.0×

Profitability

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Gross margin98.4%-0.2pp
Operating margin-33.3%-11.0pp
Net margin-30.9%-10.5pp
FCF margin-77.4%+35.3pp

Returns & leverage

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Return on equity-67.6%-20.3pp
Debt / equity1.4×+1.1×

Where this comes from

Calculated from Ionis Pharmaceuticals’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is Ionis Pharmaceuticals's current ratio?
Ionis Pharmaceuticals (IONS) reported current ratio of 4.1× in Q1 2026.
How has Ionis Pharmaceuticals's current ratio changed year-over-year?
Ionis Pharmaceuticals's current ratio decreased by 57.6% year-over-year, from 9.7× to 4.1×.
What is the long-term trend for Ionis Pharmaceuticals's current ratio?
Over 5 years (2020 to 2025), Ionis Pharmaceuticals's current ratio has grown at a 1.5% compound annual growth rate (CAGR), from 3.6× to 3.8×.
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.