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Cash ratio at other companies

Royalty Pharma logo
Royalty PharmaRPRX
1.1×+0.2×
LQD
Liquidia CorporationLQDA
1.5×-1.3×
Revvity logo
RevvityRVTY
0.7×-1.1×
BridgeBio Pharma logo
BridgeBio PharmaBBIO
1.1×-2.5×
Roivant Sciences logo
Roivant SciencesROIV
+4.4×
Relay Therapeutics, Inc. logo
Relay Therapeutics, Inc.RLAY
6.9×+4.4×

Other financials

Income statement

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Revenue$51.7M+14.1%
Operating income$17.4M+148%
Net income-$13.3M+68.6%
EPS (diluted)-$0.67+69.7%

Balance sheet

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Cash & equivalents$115.1M+140%
Total debt$5.1M+14.2%
Total equity$997.3M+25.4%
Total assets$1.5B+69.2%

Cash flow

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Operating cash flow$48.7M+291%
CapEx$228.0K+6.5%
Free cash flow$48.5M+289%

Valuation

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Market cap$5.6B+96.7%

Profitability

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Gross margin91.9%
Operating margin34.5%+23.0pp
Net margin55.9%+35.7pp
FCF margin44.8%+16.8pp

Returns & leverage

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Return on equity17.1%+11.5pp
Debt / equity0.0×
Current ratio21.3×+16.0×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on the most recent quarter.

The official record: Ligand Pharmaceuticals’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ligand Pharmaceuticals's cash ratio?
Ligand Pharmaceuticals (LGND) reported cash ratio of 2.8× in Q1 2026.
How has Ligand Pharmaceuticals's cash ratio changed year-over-year?
Ligand Pharmaceuticals's cash ratio increased by 246.1% year-over-year, from 0.8× to 2.8×.
What is the long-term trend for Ligand Pharmaceuticals's cash ratio?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's cash ratio has grown at a 57.7% compound annual growth rate (CAGR), from 0.5× to 4.7×.
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.