What is LONA's cash ratio?

LONA (LONA) reported cash ratio of 4.9× in Q1 2026.

How has LONA's cash ratio changed year-over-year?

LONA's cash ratio increased by 2.4% year-over-year, from 4.8× to 4.9×.

What is the long-term trend for LONA's cash ratio?

Over 5 years (2020 to 2025), LONA's cash ratio has grown at a -36.2% compound annual growth rate (CAGR), from 13.8× to 1.5×.

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.

LONA LONA Cash ratio

Cash ratio at other companies

Eli LillyLLY

0.1×0.0×

ArvinasARVN

0.8×+0.4×

Olema Pharmaceuticals, Inc.OLMA

1.1×-0.8×

Aura Biosciences, Inc.AURA

5.1×+1.9×

Inhibrx Biosciences, Inc.INBX

6.1×+1.1×

Erasca, Inc.ERAS

1.8×-1.0×

Other financials

Income statement

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Operating income-$17.2M-80.5%

Net income-$32.9M-260%

EPS (diluted)-$1.73+26.1%

Balance sheet

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Cash & equivalents$32.8M+24.3%

Total debt$691.0K-38.2%

Total equity$49.3M+32.1%

Total assets$71.6M+64.5%

Cash flow

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Operating cash flow-$20.9M-42.5%

CapEx$28.0K-15.2%

Free cash flow-$26.0M+1.1%

Valuation

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Market cap$86.33M+223%

Enterprise value$54.18M—

Returns & leverage

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Return on equity-298.8%-726pp

Debt / equity0×0.0×

Current ratio10.4×+3.1×

Where this comes from

Calculated from LONA’s reported figures.

cash and equivalents/total current liabilities=4.9×

Based on the most recent quarter.

The official record: LONA’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is LONA's cash ratio?: LONA (LONA) reported cash ratio of 4.9× in Q1 2026.
How has LONA's cash ratio changed year-over-year?: LONA's cash ratio increased by 2.4% year-over-year, from 4.8× to 4.9×.
What is the long-term trend for LONA's cash ratio?: Over 5 years (2020 to 2025), LONA's cash ratio has grown at a -36.2% compound annual growth rate (CAGR), from 13.8× to 1.5×.
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.