What is Liquidia Corporation's cash ratio?

Liquidia Corporation (LQDA) reported cash ratio of 1.5× in Q1 2026.

How has Liquidia Corporation's cash ratio changed year-over-year?

Liquidia Corporation's cash ratio decreased by 47.0% year-over-year, from 2.8× to 1.5×.

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

Over 5 years (2020 to 2025), Liquidia Corporation's cash ratio has grown at a -24.1% compound annual growth rate (CAGR), from 5.6× to 1.4×.

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.

Liquidia Corporation LQDA Cash ratio

Cash ratio at other companies

Tenet HealthcareTHC

0.5×-0.2×

United TherapeuticsUTHR

2.1×-0.5×

Mirum Pharmaceuticals, Inc.MIRM

1×-0.5×

Arrowhead ResearchARWR

0.6×-0.2×

Ionis PharmaceuticalsIONS

0.2×-0.8×

BridgeBio PharmaBBIO

1.1×-2.5×

Other financials

Income statement

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Revenue$132.9M+4,158%

Gross profit$1.6M+6.5%

Operating income$61.5M+274%

Net income$52.9M+238%

EPS (diluted)$0.52+216%

Balance sheet

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Cash & equivalents$222.8M+31.2%

Total debt$7.0M+1.5%

Total equity$108.6M+118%

Total assets$401.5M+76.6%

Cash flow

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Operating cash flow$53.0M+273%

CapEx$2.8M+758%

Free cash flow$50.2M+262%

Valuation

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Market cap$6.32B+164%

Enterprise value$6.1B+184%

P/S21.9×-147×

Profitability

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Gross margin58.1%-18.7pp

Operating margin-155%-68.1pp

Net margin-176.2%-76.4pp

FCF margin-150.7%-64.4pp

Returns & leverage

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Return on equity-181%+57.4pp

Debt / equity0.1×-0.1×

Current ratio2.2×-0.7×

Where this comes from

Calculated from Liquidia Corporation’s reported figures.

cash and equivalents/total current liabilities=1.5×

Based on the most recent quarter.

The official record: Liquidia Corporation’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Liquidia Corporation's cash ratio?: Liquidia Corporation (LQDA) reported cash ratio of 1.5× in Q1 2026.
How has Liquidia Corporation's cash ratio changed year-over-year?: Liquidia Corporation's cash ratio decreased by 47.0% year-over-year, from 2.8× to 1.5×.
What is the long-term trend for Liquidia Corporation's cash ratio?: Over 5 years (2020 to 2025), Liquidia Corporation's cash ratio has grown at a -24.1% compound annual growth rate (CAGR), from 5.6× to 1.4×.
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.