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Current ratio at other companies

Royalty Pharma logo
Royalty PharmaRPRX
2.7×+1.1×
LQD
Liquidia CorporationLQDA
2.2×-0.7×
Revvity logo
RevvityRVTY
1.7×-1.9×
BridgeBio Pharma logo
BridgeBio PharmaBBIO
1.5×-3.0×
Roivant Sciences logo
Roivant SciencesROIV
18.4×-15.1×
Apogee Therapeutics, Inc. logo
Apogee Therapeutics, Inc.APGE
32.6×+16.8×

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$5.51B+96.7%
Enterprise value$5.4B+95.4%
P/E35.9×
P/S20.1×+4.6×

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×

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 current ratio?
Ligand Pharmaceuticals (LGND) reported current ratio of 21.3× in Q1 2026.
How has Ligand Pharmaceuticals's current ratio changed year-over-year?
Ligand Pharmaceuticals's current ratio increased by 303.7% year-over-year, from 5.3× to 21.3×.
What is the long-term trend for Ligand Pharmaceuticals's current ratio?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's current ratio has grown at a 34.8% compound annual growth rate (CAGR), from 5× to 22.2×.
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.