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Current ratio at other companies

Royalty Pharma logo
Royalty PharmaRPRX
2.8×+1.5×
Roivant Sciences logo
Roivant SciencesROIV
16.7×-23.8×
Relay Therapeutics, Inc. logo
Relay Therapeutics, Inc.RLAY
18.3×-2.7×
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
7.9×+5.0×
Innoviva, Inc. logo
Innoviva, Inc.INVA
16×+13.4×
Rigel Pharmaceuticals logo
Rigel PharmaceuticalsRIGL
2.6×+0.4×

Other financials

Income statement

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Revenue$63.7M+33.7%
Operating income$8.6M+1.7%
Net income$48.5M+901%
EPS (diluted)$2.22+825%

Balance sheet

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Cash & equivalents$1.0B+1,388%
Total debt$1.1B+19,605%
Total equity$967.5M+16.9%
Total assets$2.2B+130%

Cash flow

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Operating cash flow$24.0M+52.0%
CapEx$26.0K-87.9%
Free cash flow$24.0M+53.9%

Valuation

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Market cap$6.02B+119%
Enterprise value$6.14B+129%
P/E30.5×
P/S20.7×+6.1×

Profitability

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Gross margin91.9%
Operating margin32.6%+24.0pp
Net margin67.9%+49.4pp
FCF margin45.2%+16.7pp

Returns & leverage

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Return on equity22%+16.9pp
Debt / equity1.2×+1.2×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on the most recent quarter.

The source filing: Ligand Pharmaceuticals’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000886163-26-000044

FAQ

What is Ligand Pharmaceuticals's current ratio?
Ligand Pharmaceuticals (LGND) reported current ratio of 31.2× in Q2 2026.
How has Ligand Pharmaceuticals's current ratio changed year-over-year?
Ligand Pharmaceuticals's current ratio increased by 471.8% year-over-year, from 5.5× to 31.2×.
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.

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