What is Vericel's cash ratio?

Vericel (VCEL) reported cash ratio of 2.3× in Q1 2026.

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

Vericel's cash ratio increased by 14.7% year-over-year, from 2× to 2.3×.

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

Over 5 years (2020 to 2025), Vericel's cash ratio has grown at a 6.2% compound annual growth rate (CAGR), from 1.5× to 2×.

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.

Vericel VCEL Cash ratio

Cash ratio at other companies

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0.5×+0.2×

Zimmer Biomet HoldingsZBH

0.1×-0.5×

LeMaitre VascularLMAT

0.8×-0.2×

Capricor TherapeuticsCAPR

3.1×+1.8×

Globus MedicalGMED

1.2×0.0×

Johnson & JohnsonJNJ

0.4×-0.3×

Other financials

Income statement

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Revenue$68.4M+30.1%

Gross profit$49.3M+35.8%

Operating income-$8.1M+37.0%

Net income-$6.3M+44.0%

EPS (diluted)-$0.12+47.8%

Balance sheet

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Cash & equivalents$109.3M+37.1%

Total debt$95.0M-4.6%

Total equity$356.2M+20.6%

Total assets$485.6M+14.4%

Cash flow

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Operating cash flow$16.4M+148%

CapEx$1.3M-91.2%

Free cash flow$15.1M+299%

Valuation

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Market cap$2.13B-26.8%

Profitability

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Gross margin74.8%+2.3pp

Operating margin5.4%+4.6pp

Net margin7.3%+6.1pp

FCF margin16.3%—

Returns & leverage

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Return on equity6.6%+5.5pp

Debt / equity0.3×-0.1×

Current ratio5.2×+0.2×

Where this comes from

Calculated from Vericel’s reported figures.

cash and equivalents/total current liabilities=2.3×

Based on the most recent quarter.

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

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Questions, answered.

What is Vericel's cash ratio?: Vericel (VCEL) reported cash ratio of 2.3× in Q1 2026.
How has Vericel's cash ratio changed year-over-year?: Vericel's cash ratio increased by 14.7% year-over-year, from 2× to 2.3×.
What is the long-term trend for Vericel's cash ratio?: Over 5 years (2020 to 2025), Vericel's cash ratio has grown at a 6.2% compound annual growth rate (CAGR), from 1.5× to 2×.
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.