What is Opko Health's cash ratio?

Opko Health (OPK) reported cash ratio of 0.2× in Q2 2024.

How has Opko Health's cash ratio changed year-over-year?

Opko Health's cash ratio decreased by 61.3% year-over-year, from 0.5× to 0.2×.

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

Over 3 years (2020 to 2023), Opko Health's cash ratio has grown at a 35.6% compound annual growth rate (CAGR), from 0.2× to 0.5×.

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.

Opko Health OPK Cash ratio

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0.2×0.0×

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1.1×-0.8×

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1×+0.7×

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0.4×+0.1×

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0.5×+0.1×

Other financials

Income statement

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Revenue$124.2M-17.2%

Gross profit$45.8M+7.4%

Operating income-$51.0M+24.0%

Net income-$54.8M+18.9%

EPS (diluted)-$0.07+30.0%

Balance sheet

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Cash & equivalents$40.6M-62.5%

Total debt$52.8M-4.2%

Total equity$1.2B-8.2%

Total assets$1.9B-12.8%

Cash flow

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Operating cash flow-$19.3M+44.1%

CapEx$1.8M-42.6%

Free cash flow-$21.1M+44.0%

Valuation

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Market cap$1.13B+10.0%

P/S1.9×+0.5×

Profitability

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Gross margin36%+4.2pp

Operating margin-17.4%-5.6pp

Net margin-36.6%-44.8pp

FCF margin-30%+0.1pp

Returns & leverage

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Return on equity-16.9%-21.7pp

Debt / equity0×0.0×

Current ratio3.6×+1.1×

Where this comes from

Calculated from Opko Health’s reported figures.

cash and equivalents/total current liabilities=0.2×

Based on the most recent quarter.

The official record: Opko Health’s 10-Q, filed August 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Opko Health's cash ratio?: Opko Health (OPK) reported cash ratio of 0.2× in Q2 2024.
How has Opko Health's cash ratio changed year-over-year?: Opko Health's cash ratio decreased by 61.3% year-over-year, from 0.5× to 0.2×.
What is the long-term trend for Opko Health's cash ratio?: Over 3 years (2020 to 2023), Opko Health's cash ratio has grown at a 35.6% compound annual growth rate (CAGR), from 0.2× to 0.5×.
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.